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Belvidere 61008
1028 Warren Avenue
$122,000
● House - Off Market

1028 Warren Avenue

Belvidere, IL 61008
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$840
Est. Monthly
13.19%
Cap Rate

About This Property

Make this your own adorable cottage-like home located within walking distance of schools. It needs some work but could be super charming with a corner stone fireplace, hardwood floors and hickory kitchen cabinets. The basement has an additional fireplace.2 car detached garage off of the alley
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (MRED MLS #12260844)

Price History

Date / Event Date Event Price
Jan 15, 2025 Sold
Premium
Sold
Jan 4, 2025 In contract -
In contract
Dec 27, 2024 Listed by Keller Williams Realty Signature $125,000
Listed by Keller Williams Realty Signature

Property Highlights

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1991
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 888
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 500
  • Total Building Area: 888
  • Building Area: 888
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 888
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROWAN BROS ADD
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 36-44-3 N1/2 OF LT 18 & S1/2 OF LT 19 BLK 5 ROWAN BROS ADD 1028 WARRE N AVE

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010200

Geography

  • Account Number: 05-05-36-179-013
  • District: 050
  • Parcel: 05-36-179-013
  • Block: 5
  • Lot: 18-19
  • Municipality: BELVIDERE
  • Latitude: 42.25
  • Longitude: -88.8328

    Address

  • Full Address: 1028 Warren Ave
  • Address - House Number: 1028
  • Address - Street Name: Warren
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Belvidere
  • Carrier Code: C010
  • 4-Digit Zip Code: 5381
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $315,056

    Appraisal Valuation

  • Standard Deviation: 0.1822
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 76
  • Final Value: 127,233
  • High Value: 150,424
  • Low Value: 104,041

    Market Valuation

  • Market Total Value: $97,593
  • Market Land Value: $13,128
  • Market Improvement Value: $84,465

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,531
  • Assessed Land Value: $4,376
  • Assessed Improvements Value: $28,155

    Sales

  • Current Sale Contract Date: Aug 20, 2002
  • Current Sale Recording Date: Aug 20, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 000000009283
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 Belvidere

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$147

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1654 ft²

Average Home Age

48.9 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

Rentals Near You

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MRED

Listed by: Angie Wait, Keller Williams Realty Signature
Last Updated: 2 years ago
Data Source: MRED, MLS# 12260844
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 1028 Warren Avenue built and last sold?
The property at 1028 Warren Avenue was built in 1962 and last sold on Aug 20, 2002 for $71,000.
How much is this home worth?
The estimated value of the home located at 1028 Warren Avenue is $0.
What are some comparable homes to 1028 Warren Avenue?
There are currently no comparable homes to 1028 Warren Avenue.
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