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Rochelle 61068
1001 Westview Drive
$215,000
● House - Off Market

1001 Westview Drive

Rochelle, IL 61068
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,462 Ft²
$1,391
Est. Monthly
11.27%
Cap Rate

About This Property

This move-in ready three bedroom ranch is situated on a corner lot and is close to schools, parks, and shopping.  Wood laminate flooring, white trim, fireplace, full basement finished with extra bath, backyard shed, and a great patio with pergola!
Unit Size
1,462 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #12067835)

Price History

Date / Event Date Event Price
Jul 30, 2024 Sold
Premium
Sold
Jul 10, 2024 In contract -
In contract
May 28, 2024 Listed by Hayden Real Estate, Inc. $219,900
Listed by Hayden Real Estate, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,958
  • Total Building Area: 1,462
  • Building Area: 1,462
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,462
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTVIEW SECOND SUBD
  • Land Acres: 0000000205
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: LOT 1 BLK 4 WESTVIEW 2ND SUBD CITY OF ROCHELLE

Neighborhood

  • School District Name: Rochelle Township High School District 212
  • Census Tract: 961200

Geography

  • District: 6
  • Parcel: 24-23-230-010
  • Block: 4
  • Lot: 1
  • Municipality: FLAGG
  • Latitude: 41.9304
  • Longitude: -89.0754

    Address

  • Full Address: 1001 Westview Dr
  • Address - House Number: 1001
  • Address - Street Name: Westview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rochelle
  • Carrier Code: C005
  • 4-Digit Zip Code: 1278
  • Zip Code: 61068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $371,016
  • Tax Rate Code Area: 640

    Appraisal Valuation

  • Standard Deviation: 0.2425
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 66
  • Final Value: 167,551
  • High Value: 208,198
  • Low Value: 126,904

    Market Valuation

  • Market Total Value: $137,496
  • Market Land Value: $21,201
  • Market Improvement Value: $116,295

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,832
  • Assessed Land Value: $7,067
  • Assessed Improvements Value: $38,765
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 Rochelle

Stats & Trends

Median Asking:

$189,900

Sale Price/ft²

$137

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1308 ft²

Average Home Age

77.8 years

Currently For Sale

16 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

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MRED

Listed by: Tim Hayden, Hayden Real Estate, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12067835
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 1001 Westview Drive built and last sold?
The property at 1001 Westview Drive was built in 1962 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1001 Westview Drive is $0.
What are some comparable homes to 1001 Westview Drive?
There are currently no comparable homes to 1001 Westview Drive.
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