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Hanover Park 60133
7102 Meadowbrook Lane
$151,500
● House - Off Market

7102 Meadowbrook Lane

HANOVER PARK, IL 60133
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,577 Ft²
$255,601
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Sold AS IS.  Priced for quick sale based on condition.  Great for investment OR first time buyer.  Schaumburg  School District.  Close to major roads, train and shopping.
Unit Size
1,577 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1966

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #09638030)

Price History

Date / Event Date Event Price
Jul 6, 2017 Sold
Premium
Sold
May 25, 2017 Listed by Coldwell Banker Residential Brokerage $159,900
Listed by Coldwell Banker Residential Brokerage

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 1,577
  • Gross Building Area: 1,577
  • Building Area: 1,577
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,577
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HANOVER HIGHLANDS UNIT4
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HANOVER) (HIGHLANDS) (UNIT4) SUB OF PT NE SEC31 & SE SEC30 NE SEC 31-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804804

Geography

  • District: 35
  • Parcel: 07-31-209-034-0000
  • Block: 24
  • Lot: 34
  • Meridian: SEC 31 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0014
  • Longitude: -88.1334

    Address

  • Full Address: 7102 Meadowbrook Ln
  • Legal Unit: 4
  • Address - House Number: 7102
  • Address - Street Name: Meadowbrook
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hanover Park
  • Carrier Code: C004
  • 4-Digit Zip Code: 6460
  • Zip Code: 60133

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $658,880
  • Tax Rate Code Area: 35022

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 346,811
  • High Value: 426,012
  • Low Value: 267,611

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $50,700
  • Market Improvement Value: $199,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $5,070
  • Assessed Improvements Value: $19,930

    Sales

  • Current Sale Contract Date: Dec 21, 2017
  • Current Sale Recording Date: Jan 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1800206022
  • Previous Sale Recording Date: Jul 10, 2017
  • Previous Sale Contract Date: Jul 06, 2017
  • Previous Sale Amount: $151,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hanover Park

Stats & Trends

Median Asking:

$348,950

Sale Price/ft²

$232

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1516 ft²

Average Home Age

48.1 years

Currently For Sale

34 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1294 Catalina Court, Schaumburg, IL, 60173

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,576 ft²
1294 Catalina Court, Schaumburg, IL, 60173 Listing by Fabio Brancati
Unit for rent at 711 Verandah Drive, Hanover Park, IL, 60133

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,899 ft²
711 Verandah Drive, Hanover Park, IL, 60133 Listing by Ketan Thakkar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential Brokerage
Last Updated: 3 years ago
Data Source: MRED, MLS# 09638030
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 7102 Meadowbrook Lane built and last sold?
The property at 7102 Meadowbrook Lane was built in 1966 and last sold on Dec 21, 2017 for $242,000.
How much is this home worth?
The estimated value of the home located at 7102 Meadowbrook Lane is $0.
What are some comparable homes to 7102 Meadowbrook Lane?
There are currently no comparable homes to 7102 Meadowbrook Lane.
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