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Rockford 61107 Northeast
1027 STERLING Drive
Photo of 1027 STERLING Drive

18

Map

Photo of 1027 STERLING Drive
Photo of 1027 STERLING Drive
$199,900
↓ $5K (2.4%)
● House - For Sale

1027 STERLING Drive

Rockford, IL 61107
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,337 Ft²
$1,408
Est. Monthly

About This Property

Welcome to this spacious 5-bedroom, 2-bathroom ranch home in Rockford! Offering a functional layout and generous living space, this home has plenty of room to make it your own. Enjoy a cozy fireplace, a 2-car garage, and a deck overlooking the spacious backyard, perfect for relaxing, entertaining, or enjoying the outdoors. With the potential to add a third bathroom, this property offers even more possibilities to customize the space to fit your needs. Whether you're a homeowner looking to add your personal touch or an investor seeking your next opportunity, this home is full of potential. Property is being sold **AS-IS, WHERE-IS**. Bring your ideas and make this home your own!
Unit Size
2,337 Ft²
Days on Market
-
Land Size
-
Price per sqft
$86
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1950

Listed By

Frank Montro
Frank Montro
[email protected]
Keller Williams Preferred Rlty
Laurina Goldman
[email protected]
Cross Realty Group LLC

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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
Fireplace
Parking Details
Has Garage
Parking Features: Asphalt, Attached, Garage, Yes
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: 1st Floor Bedroom
Rooms: 10
Has Fireplace
Fireplaces: 1
Basement: Unfinished, Full
Exterior Details
Square Footage: 2337
Square Footage Source: $0
Year Built: 1950
Window Features: Skylight(s)
Construction Materials: Vinyl Siding
Patio and Porch Features: Deck, Patio
Lot Size Dimensions: 99x171
Water Source: Public
Financial Details
Tax Annual Amount: $5,117
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Steam
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 868
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 432
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,637
  • Gross Building Area: 3,637
  • Building Area: 2,337
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,337
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALPINE SUB
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: LOTS 12 + 15 + W25 FT LTS 13 + 14 BLK2 ALPINE SUB VAC PT NW1/4 SEC: 20 TWP:044 RANGE: 002 ACRES: 0.33

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 000402

Zoning

  • Zoning: R1

Geography

  • Section: 20
  • Parcel: 12-20-177-002
  • Block: 2
  • Lot: 12-13
  • Municipality: ROCKFORD
  • Latitude: 42.2776
  • Longitude: -89.0326

    Address

  • Full Address: 1027 Sterling Dr
  • Address - House Number: 1027
  • Address - Street Name: Sterling
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rockford
  • Carrier Code: C017
  • 4-Digit Zip Code: 3660
  • Zip Code: 61107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $448,306
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2445
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 65
  • Final Value: 196,397
  • High Value: 244,434
  • Low Value: 148,359

    Market Valuation

  • Market Total Value: $135,714
  • Market Land Value: $23,967
  • Market Improvement Value: $111,747

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,238
  • Assessed Land Value: $7,989
  • Assessed Improvements Value: $37,249

    Sales

  • Current Sale Contract Date: Dec 30, 2022
  • Current Sale Recording Date: Jan 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 265
  • Previous Sale Recording Date: Mar 17, 2020
  • Previous Sale Contract Date: Feb 27, 2020
  • Previous Sale Amount: $115,000
  • 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 Northeast

Stats & Trends

Median Asking:

$239,000

Sale Price/ft²

$133

Below Asking

0.02%

Average Days on Market

41

Average Home Size

2520 ft²

Average Home Age

82.6 years

Currently For Sale

51 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 4007 Tonawanda Avenue, Rockford, IL, 61108

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,938 ft²
4007 Tonawanda Avenue, Rockford, IL, 61108 Listing by Rene Acevedo
Unit for rent at 1127 Prestwick Parkway, Rockford, IL, 61107

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,133 ft²
1127 Prestwick Parkway, Rockford, IL, 61107 Listing by Kathy Farokhi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Frank Montro, Better Homes & Gardens Real Estate
Data Source: MRED, MLS# MRD12794580
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 1027 Sterling Drive built and last sold?
The property at 1027 Sterling Drive was built in 1950 and last sold on Dec 30, 2022 for $159,000.
How much is this home worth?
The estimated value of the home located at 1027 Sterling Drive is $201,899.
What are some comparable homes to 1027 Sterling Drive?
There are currently no comparable homes to 1027 Sterling Drive.
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