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Dixon 61021
1015 W THIRD Street
$90,000
● House - Off Market

1015 W THIRD Street

Dixon, IL 61021
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,144 Ft²
$84,584
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Move-in ready 1.5 story home: Interior consists of a great size eat in kitchen/ dining room, large living room plus a 4-season porch (underwent extensive renovation 2020), second floor consists of 2beds, 1 bath. Exterior features, a multi-tiered deck that overlooks the fully fenced rear yard. Where you will find a "barn" and  a storage shed along with another deck and a cement block firepit. A new garage door has just been installed on the 1 car detached garage. Extra wide shared driveway. Same owner for the last 20+ years.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
-
Price per sqft
$74
Property Type
House
Property Taxes
$178
HOA Dues
-
Year Built
1921

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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 #11878965)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
Sep 6, 2023 Listed by Sauk Valley Properties LLC $84,900
Listed by Sauk Valley Properties LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIXON GILBRAITHS SUB
  • Land Acres: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SECT/LOT:00 TWP:03 RNG/BLK:019 DIXON/GILBRAITHS SUB EH W 2/3 LT 3 BLK 19 BK 9602-2227 WD JT

Neighborhood

  • School District Name: Dixon Unit School District 170
  • Census Tract: 000600

Geography

  • Account Number: 67823
  • District: 07
  • Parcel: 07-08-05-160-015
  • Block: 19
  • Lot: 3
  • Municipality: DIXON
  • Latitude: 41.8391
  • Longitude: -89.4935

    Address

  • Full Address: 1015 W 3rd St
  • Address - House Number: 1015
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Dixon
  • Carrier Code: C005
  • 4-Digit Zip Code: 2717
  • Zip Code: 61021

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $213,450
  • Tax Rate Code Area: 07001

    Appraisal Valuation

  • Standard Deviation: 0.1633
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 77,649
  • High Value: 90,329
  • Low Value: 64,968

    Market Valuation

  • Market Total Value: $84,999
  • Market Land Value: $7,659
  • Market Improvement Value: $77,340

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,333
  • Assessed Land Value: $2,553
  • Assessed Improvements Value: $25,780

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 20, 2023
  • Current Sale Recording Date: Oct 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202303736
  • Previous Sale Recording Date: Oct 15, 2002
  • Previous Sale Contract Date: Oct 15, 2002
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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 Dixon

Stats & Trends

Median Asking:

$169,900

Sale Price/ft²

$121

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1537 ft²

Average Home Age

84.8 years

Currently For Sale

32 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: Gary Davey, Sauk Valley Properties LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11878965
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 1015 West 3rd Street built and last sold?
The property at 1015 West 3rd Street was built in 1921 and last sold on Oct 20, 2023 for $90,000.
How much is this home worth?
The estimated value of the home located at 1015 West 3rd Street is $89,003.
What are some comparable homes to 1015 West 3rd Street?
There are currently no comparable homes to 1015 West 3rd Street.
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