505 Olive St, Hoffman Estates, IL 60169
Property image
Property image
OFF MARKET

$490,400

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 2,470 sqft

505 Olive St, Hoffman Estates, IL 60169

South Of Bode
Est. Refi. Payment $3,588/mo*
Refinance Your Home
Currently Off Market - Sold Aug 9, 2024 for $418,500

Home Value

Trulia Estimate
$490K
Since last month
Increased$5K (+1%)
Since last year
Increased$49K (+11.1%)
Since last sale
Increased$72K (+17.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +74% in the last 10 years
MonthEstimated value
2026
October 2026$490K
September 2026$486K
August 2026$495K
July 2026$505K
June 2026$509K
May 2026$509K
April 2026$500K
March 2026$473K
February 2026$451K
January 2026$451K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
455 Mohave St, Hoffman Estates, IL
0.13
Single-Family Home
$385,000
01/27/26
3
2
1,650
540 Milan Ln, Hoffman Estates, IL
0.09
Single-Family Home
$435,000
07/14/26
3
2
1,316
645 Flagstaff Ln, Hoffman Estates, IL
0.38
Single-Family Home
$405,000
10/09/26
4
2
2,300
575 Olive St, Hoffman Estates, IL
0.07
Single-Family Home
$525,000
06/24/26
5
2.5
1,773
540 Newark Ln, Hoffman Estates, IL
0.26
Single-Family Home
$400,000
04/24/26
4
2
1,443
625 Morton St, Hoffman Estates, IL
0.16
Single-Family Home
$391,250
04/20/26
3
1.5
1,300
645 Morton St, Hoffman Estates, IL
0.19
Single-Family Home
$400,000
08/04/26
3
1.5
1,354
545 Newark Ln, Hoffman Estates, IL
0.30
Single-Family Home
$437,554
10/06/26
3
2
1,730
345 Maricopa Ln, Hoffman Estates, IL
0.14
Single-Family Home
$390,000
04/15/26
3
2
1,205

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
495 Olive St, Hoffman Estates, IL 60169
0.01
$325,100
3
2
1,097
Off Market
515 Olive St, Hoffman Estates, IL 60169
0.01
$371,700
3
2
1,632
Off Market
500 Morton St, Hoffman Estates, IL 60169
0.02
$350,300
3
2
1,316
Off Market
490 Morton St, Hoffman Estates, IL 60169
0.03
$312,700
3
2
1,097
Off Market
520 Morton St, Hoffman Estates, IL 60169
0.03
$341,300
3
2
1,316
Off Market
525 Olive St, Hoffman Estates, IL 60169
0.03
$411,400
3
2
1,315
Off Market
500 Milan Ln, Hoffman Estates, IL 60169
0.03
$345,300
3
2
1,316
Off Market
470 Morton St, Hoffman Estates, IL 60169
0.04
$337,700
3
2
1,315
Off Market
540 Morton St, Hoffman Estates, IL 60169
0.04
$374,100
3
2
1,552
Off Market
520 Olive St, Chicago, IL 60169
0.04
$594,100
6
4
3,120
Off Market
545 Olive St, Hoffman Estates, IL 60169
0.04
$405,000
3
2
1,433
Off Market
465 Olive St, Hoffman Estates, IL 60169
0.04
$362,100
3
2
1,717
Off Market
470 Olive St, Hoffman Estates, IL 60169
0.05
$359,400
3
2
1,316
Off Market
510 Milan Ln, Hoffman Estates, IL 60169
0.05
$388,400
3
2
1,316
Off Market
460 Morton St, Hoffman Estates, IL 60169
0.05
$388,700
3
2
1,315
Off Market
560 Morton St, Hoffman Estates, IL 60169
0.05
$472,800
3
1.5
1,334
Off Market
515 Maywood Ln, Hoffman Estates, IL 60169
0.06
$439,500
3
2
1,916
Off Market
565 Olive St, Hoffman Estates, IL 60169
0.06
$404,800
3
1.5
1,455
Off Market
470 Milton Ln, Hoffman Estates, IL 60169
0.06
$401,500
3
2
1,631
Off Market
515 Milan Ln, Hoffman Estates, IL 60169
0.06
$394,500
3
2
1,936
Off Market

Local Information

  • Map ViewExplore the area around 505 Olive St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1960
2,470 sqft
$199/sqft
Garage

About this House

What's unique:Bonus roomRecently updated flooringFreshly painted wallsWhite cabinetryGranite countertopsBrick-paved driveway
505 Olive St, Hoffman Estates, IL 60169 is a 4 bedroom, 2 bathroom, 2,470 sqft single-family home in South Of Bode, built in 1960. It last sold for $418,500 on Aug 9, 2024 (3% below the $429,900 asking price). More recently, it was listed as a rental in August 2024 with an asking price of $3,400 per month. That rental listing was removed on August 17, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $490,400, with a rent estimate of $3,333/month.
Last check for updates: about 6 hours ago
Listed by Fel Salgado, (224) 699-5002
Redfin Corporation
Bought with: Vitali Kniazkov, (630) 796-5747, Coldwell Banker Realty
Source: MRED as distributed by MLS GRID, MLS#12097356

Home Details for 505 Olive St

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 9Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Dining Room, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2470 Square Feet
Appliances & Utilities
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)DishwasherDryerLaundry: Main Level,Gas Dryer Hookup,Electric Dryer Hookup,In Unit,SinkMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
No Spa
Gas & Electric
Electric: Circuit Breakers, 200+ Amp Service
Windows, Doors, Floors & Walls
Flooring: Laminate
Levels, Entrance, & Accessibility
Stories: 2Accessibility: No Disability AccessFloors: Laminate
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: PatioFencing: FencedExterior: Fire PitFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2.5Number of Covered Spaces: 2.5Has a GarageNo Attached GarageHas Open ParkingParking Spaces: 2.5Parking: Brick Driveway,Garage Door Opener,Heated Garage,Garage,On Site,Garage Owned,Detached
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1960Year Renovated: 2018
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 07164150070000

Price & Status

Price
List Price: $429,900
Status Change & Dates
Off Market Date: Tue Jul 09 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: Hoffman Estates
School Information
Elementary School: Lakeview Elementary SchoolElementary School District: 54Jr High / Middle School: Keller Junior High SchoolJr High / Middle School District: 54High School: Schaumburg High SchoolHigh School District: 211

Community

Community Features: Curbs, Sidewalks, Street Lights, Street Paved

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 10018.8 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 12097356

Additional Information

CurbsSidewalksStreet LightsStreet PavedSource Internet Entire Listing DisplayMRD REMARKSINTERNET: NoSource Internet Address DisplayHide Public Remarks

Price and Tax history

DateEventPrice
Aug 17, 2024
Source: MRED as distributed by MLS GRID #12137949
ListingRemoved
Aug 14, 2024
Source: MRED as distributed by MLS GRID #12137949
Listed For Rent
$3,400
Aug 9, 2024
Source: MRED as distributed by MLS GRID #12097356
Sold
$418,500
Jul 10, 2024
Source: MRED as distributed by MLS GRID #12097356
Contingent
$429,900
Jun 28, 2024
Source: MRED as distributed by MLS GRID #12097356
Listed For Sale
$429,900

Market trends in Hoffman Estates

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$398K
$11.46KMoM
Sale-to-List Price
100.5%
0.1%MoM
Price per sq ft
$240
$1MoM
Available listings
123
18MoM
Sourced by Trulia Market Trends

Around this home

Neighborhood Overview

South Of Bode
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Of Bode

This October

Trick-or-Treat Score

Built from what locals say about South Of Bode.
  • 95% say there are sidewalks
  • 85% say there's holiday spirit
  • 56% say neighbors are friendly
Trulia Trick or TreatStart Ghost Hunt
At least 13 Trulia users voted on each feature.

  • 95 % Say there are sidewalks

  • 90 % Say yards are well-kept

  • 86 % Say it's dog friendly

  • 85 % Say there's holiday spirit

  • 82 % Say it's walkable to grocery stores

  • 81 % Say people would walk alone at night

  • 80 % Say parking is easy

  • 79 % Say car is needed

  • 72 % Say kids play outside

  • 67 % Say it's quiet

  • 65 % Say they plan to stay for at least 5 years

  • 60 % Say it's walkable to restaurants

  • 56 % Say neighbors are friendly

  • 50 % Say there's wildlife

  • 29 % Say streets are well-lit

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Local homeowner
    "Pretty quiet neighborhood. All of the original owners have aged out. Neighborhood is changing demographically quickly, and not for the better. Theft crimes are occasional but increasing as the demographics change. Many small homes and renters. Houses are close to each other so not a ton of privacy. Yards are on the larger side compared to nearby Schaumburg. "
    1
    Flag
  • Imageworks2007
    "It’s a very safe feeling neighborhood. Good or ok neighbors. Everything u would need is close by. Restaurants are awesome. Snow removal on the streets is done right away. Lots of things to do. Good schools."
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026. 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. Click here for more information

Frequently asked questions about 505 Olive St

  • What is 505 Olive St estimated to be worth?
    Trulia's estimated value for 505 Olive St in Hoffman Estates, IL is $490,400.
  • What is the price history for 505 Olive St?
    505 Olive St in Hoffman Estates, IL last sold for $418,500 in August 2024.
  • Is Hoffman Estates a buyer's or seller's market?
    Hoffman Estates is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Hoffman Estates?
    The median sale price in Hoffman Estates is $398K. That is down $11.46K from the prior month.
  • Does 505 Olive St have air conditioning?
    Yes, 505 Olive St in Hoffman Estates, IL has air conditioning.
  • Does 505 Olive St have laundry facilities?
    Yes, 505 Olive St in Hoffman Estates, IL has in-unit laundry.

Explore by feature - Pet Friendly

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Apartments for Rent

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