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Hoffman Estates 60192
985 W Firestone Drive
$490,000
● House - Off Market

985 W Firestone Drive

Hoffman Estates, IL 60192
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,254 Ft²
$3,317
Est. Monthly
6.34%
Cap Rate
Unit Size
2,254 Ft²
Days on Market
-
Land Size
-
Price per sqft
$220
Property Type
House
Property Taxes
$886
HOA Dues
-
Year Built
1971

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • 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: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,690
  • Total Building Area: 2,154
  • Gross Building Area: 2,154
  • Building Area: 2,154
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,154
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINSTON KNOLLS UNIT2
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (WINSTON)(KNOLLS)(UNIT2) SUB OF PTS SEC. 19,29-30 & SEC 20-42-10

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-19-419-016-0000
  • Block: 3
  • Lot: 16
  • Meridian: SEC 20 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0991
  • Longitude: -88.1048

    Address

  • Full Address: 985 W Firestone Dr
  • Legal Unit: 2
  • Address - House Number: 985
  • Street Direction: W
  • Address - Street Name: Firestone
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C034
  • 4-Digit Zip Code: 1760
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,024,659
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 467,380
  • High Value: 574,101
  • Low Value: 360,658

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $87,210
  • Market Improvement Value: $292,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $8,721
  • Assessed Improvements Value: $29,279

    Sales

  • Current Sale Contract Date: Aug 27, 1998
  • Current Sale Recording Date: Sep 14, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 98815207
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

41

Average Home Size

1623 ft²

Average Home Age

43.4 years

Currently For Sale

79 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 4625 Huntington Boulevard, Hoffman Estates, IL, 60192

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 9,999 ft²
4625 Huntington Boulevard, Hoffman Estates, IL, 60192 Listing by Al Janabi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Donna Bode, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12359594
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 985 West Firestone Drive built and last sold?
The property at 985 West Firestone Drive was built in 1971 and last sold on Aug 27, 1998 for $190,000.
How much is this home worth?
The estimated value of the home located at 985 West Firestone Drive is $501,286.
What are some comparable homes to 985 West Firestone Drive?
There are currently no comparable homes to 985 West Firestone Drive.
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