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Spring Valley 61362
1011 W 3rd Street
$183,000
● House - Off Market

1011 W 3rd Street

Spring Valley, IL 61362
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,418 Ft²
$1,365
Est. Monthly
11.16%
Cap Rate

About This Property

Welcome home to this beautifully updated 1,400 sq. ft. ranch, offering 3 spacious bedrooms and 1.5 bathrooms. Step inside to a newly remodeled eat-in kitchen with breakfast bar, featuring brand-new cabinetry, modern kitchen appliances-including a dishwasher-and stylish vinyl plank flooring. This home boasts a partially fenced yard, perfect for outdoor enjoyment, and a 2-car attached garage for convenience. The unfinished basement provides ample storage space or potential for future customization. Key updates include a new roof, gutters, fascia, and soffit (2019), plus a brand-new water heater (2025) for peace of mind. Don't miss this move-in-ready home with thoughtful updates throughout-schedule your showing today!
Unit Size
1,418 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$134
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
-

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHNSONS ADD
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SPRING VALLEY-JOHNSON ADD. L 3 BLK 5 D 22-1459 (75 X 112)

Neighborhood

  • School District Name: Spring Valley Community Consolidated School District 99
  • Census Tract: 965200

Geography

  • Account Number: 1834156003
  • District: 18
  • Parcel: 18-34-156-003
  • Block: 5
  • Lot: 3
  • Meridian: SEC 34 TWN 16 RNG 11
  • Municipality: HALL
  • Latitude: 41.3307
  • Longitude: -89.2154

    Address

  • Full Address: 1011 W 3rd St
  • Address - House Number: 1011
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Spring Valley
  • Carrier Code: C001
  • 4-Digit Zip Code: 1118
  • Zip Code: 61362

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $413,424
  • Tax Rate Code Area: 18005

    Appraisal Valuation

  • Standard Deviation: 0.145
  • Valuation Date: May 31, 2023
  • Confidence Score: 82
  • Final Value: 142,242
  • High Value: 162,878
  • Low Value: 121,606

    Market Valuation

  • Market Total Value: $146,196
  • Market Land Value: $17,889
  • Market Improvement Value: $128,307

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,732
  • Assessed Land Value: $5,963
  • Assessed Improvements Value: $42,769

    Sales

  • Current Sale Contract Date: Apr 15, 2022
  • Current Sale Recording Date: Apr 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1459
  • Previous Sale Recording Date: Feb 15, 2006
  • Previous Sale Contract Date: Feb 03, 2006
  • Previous Sale Amount: $50,000
  • 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 Spring Valley

Stats & Trends

Median Asking:

$149,500

Sale Price/ft²

$116

Below Asking

0.05%

Average Days on Market

57

Average Home Size

1303 ft²

Average Home Age

93.1 years

Currently For Sale

9 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

Rentals Near You

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MRED

Listed by: Wendy Fulmer, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD12325850
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 1011 West 3rd Street built and last sold?
The property at 1011 West 3rd Street was built in and last sold on Apr 15, 2022 for $139,500.
How much is this home worth?
The estimated value of the home located at 1011 West 3rd Street is $186,057.
What are some comparable homes to 1011 West 3rd Street?
There are currently no comparable homes to 1011 West 3rd Street.
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