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Hoffman Estates 60169
725 Olive Street
$240,000
● House - Off Market

725 Olive Street

Hoffman Estates, IL 60169
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,654 Ft²
$247,144
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

GREAT FAMILY HOME IN NEED OF YOUR VISION TO BRING THIS UP TO TODAYS DECOR. ALL THE MAJOR EQUIPMENT AND COMPONENTS HAVE BEEN REPLACED! NEWER WITHIN THE LAST 3 YEARS -  ENERGY EFFICIENT WINDOWS WITH LIFETIME WARRANTY, NEW VINYL SIDING, NEW INSULATION, NEW SLIDING GLASS DOOR, NEW AIR CONDITIONING, FURNACE AND HOT WATER HEATER.  30 YEAR ARCHITECTURAL ROOF IN 2007.  FAMILY ROOM WITH RIVER ROCK FIREPLACE IS OPEN AND ADJACENT TO THE KITCHEN AND EATING AREA. HUGE 11 X 6 STORAGE ROOM.  WITH SOME ELBOW GREASE, PAINT, FLOORING AND SOME UPDATING - KITCHEN & BATHROOMS - THIS HOME WILL SHINE. LOCATED IN A WONDERFUL FAMILY NEIGHBORHOOD WALKING DISTANCE TO THE HIGHLY DESIRED ELEMENTARY AND MIDDLE SCHOOLS.  CLOSE TO EXPRESSWAYS AND THE RESTAURANT AND SHOPPING CORRIDERS.
Unit Size
1,654 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$145
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1959

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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 #11258987)

Price History

Date / Event Date Event Price
Mar 3, 2022 Sold
Premium
Sold
Oct 29, 2021 Listed by RE/MAX Central Inc. $240,000
Listed by RE/MAX Central Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • 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: 10,064
  • Total Building Area: 1,654
  • Gross Building Area: 1,654
  • Building Area: 1,654
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,654
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOFFMAN ESTATES VII
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HOFFMAN)(ESTATES)(VII) SUB OF PT SE SEC 16-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804709

Geography

  • District: 35
  • Parcel: 07-16-408-005-0000
  • Block: 95
  • Lot: 14
  • Meridian: SEC 16 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0399
  • Longitude: -88.0911

    Address

  • Full Address: 725 Olive St
  • Address - House Number: 725
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C026
  • 4-Digit Zip Code: 3245
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $729,964
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 358,955
  • High Value: 440,919
  • Low Value: 276,991

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $60,380
  • Market Improvement Value: $219,620

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $6,038
  • Assessed Improvements Value: $21,962

    Sales

  • Current Sale Contract Date: Mar 01, 2022
  • Current Sale Recording Date: Mar 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2206807086
  • Previous Sale Recording Date: Aug 04, 1995
  • Previous Sale Contract Date: Jul 28, 1995
  • Previous Sale Amount: $133,000
  • Previous Sale Document Type: 71
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 Hoffman Estates

Stats & Trends

Median Asking:

$410,000

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1624 ft²

Average Home Age

44 years

Currently For Sale

74 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 852 Dighton Lane N, Schaumburg, IL, 60173

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,488 ft²
852 Dighton Lane N, Schaumburg, IL, 60173 Listing by Mafatlal Patel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jeavon Shegal, RE/MAX Central Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11258987
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 725 Olive Street built and last sold?
The property at 725 Olive Street was built in 1959 and last sold on Mar 1, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 725 Olive Street is $0.
What are some comparable homes to 725 Olive Street?
There are currently no comparable homes to 725 Olive Street.
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