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Hoffman Estates 60192
975 Freeman Road
$250,000
● House - Off Market

975 Freeman Road

Hoffman Estates, IL 60192
bedrooms
3 Beds
bathrooms
2 Baths
$264,652
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

An investor's dream or handyman special! This property needs some TLC you just need to give your sweat equity! With repairs/remodeling this could be an awesome home.    Raised Ranch located in desirable Westbury subdivision!   Located in the highly rated William Fremd High School district! Walking distance to multiple parks, including Brittany Park, South Ridge Park, North Ridge Park, and Westbury Park. Enjoy lakeside trails, fishing, volleyball, basketball, tennis, and more.. Great location, just minutes to shopping, dining, and any amenity you could want. Sold in as is condition. 100% tax prorations. No survey. Room sizes estimated, info not guaranteed.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$561
HOA Dues
-
Year Built
1981

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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 #11666889)

Price History

Date / Event Date Event Price
Jan 25, 2023 Sold
Premium
Sold
Nov 4, 2022 Listed by Chicagoland Brokers Inc. $250,000
Listed by Chicagoland Brokers Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,930
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTBURY UNIT3
  • Land Acres: 0000000205
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (WESTBURY) (UNIT3) RESUB OF PT HOWIE IN THE HILLS UNI T3 & UNIT4 SUB IN SE SEC 19-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804105

Geography

  • District: 29
  • Parcel: 02-19-418-049-0000
  • Block: 9
  • Lot: 9
  • Meridian: SEC 19 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1004
  • Longitude: -88.1042

    Address

  • Full Address: 975 Freeman Rd
  • Legal Unit: 3
  • Address - House Number: 975
  • Address - Street Name: Freeman
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C034
  • 4-Digit Zip Code: 1413
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $765,780
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 352,581
  • High Value: 435,553
  • Low Value: 269,608

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $80,370
  • Market Improvement Value: $239,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $8,037
  • Assessed Improvements Value: $23,963

    Sales

  • Current Sale Contract Date: Jan 19, 2023
  • Current Sale Recording Date: Jan 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 40030
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:

$409,950

Sale Price/ft²

$242

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1546 ft²

Average Home Age

46 years

Currently For Sale

72 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 4840 Prestwick Place, Hoffman Estates, IL, 60010

$2,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
4840 Prestwick Place #4840, Hoffman Estates, IL, 60010 Listing by Tasneem Bahrainwala
Unit for rent at 1404 W Sapphire Drive, Hoffman Estates, IL, 60192

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,460 ft²
1404 W Sapphire Drive #1404, Hoffman Estates, IL, 60192 Listing by Zivile Pitkiene

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Richard Babula, Chicagoland Brokers Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11666889
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 975 Freeman Road built and last sold?
The property at 975 Freeman Road was built in 1981 and last sold on Jan 19, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 975 Freeman Road is $0.
What are some comparable homes to 975 Freeman Road?
There are currently no comparable homes to 975 Freeman Road.
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