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Downs 61736
107 N Seminary Street
$100,000
● Land - Off Market

107 N Seminary Street

Downs, IL 61736
bedrooms
Studio
bathrooms
0 Bath
$500
Est. Monthly

About This Property

Seize this rare opportunity to own a third of an acre lot in a desirable location, within the Tri-Valley School District! This lot is 158 feet deep and 82 feet wide and has been recently leveled. This makes it the perfect blank canvas for your dream home or investment property!
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
$9
HOA Dues
-
Year Built
1899

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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

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1899
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 1,016
  • Gross Building Area: 1,016
  • Building Area: 1,016
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,016
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIG TOWN OF DOWNS
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: ORIG TOWN OF DOWNS (EX N60 LOT 1,2 &3 BLK 2

Neighborhood

  • School District Name: Tri-Valley Community Unit School District 3
  • Census Tract: 005401

Geography

  • District: 13
  • Parcel: 29-04-203-006
  • Block: 2
  • Lot: 1,2
  • Meridian: SEC 04 TWN 22N RNG 03E
  • Municipality: DOWNS
  • Latitude: 40.397
  • Longitude: -88.8722

    Address

  • Full Address: 107 N Seminary St
  • Address - House Number: 107
  • Street Direction: N
  • Address - Street Name: Seminary
  • Address - Suffix Type: St
  • State: IL
  • City Name: Downs
  • Carrier Code: R004
  • 4-Digit Zip Code: 7582
  • Zip Code: 61736

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,606
  • Tax Rate Code Area: 1301

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 41,352
  • High Value: 45,074
  • Low Value: 37,629

    Market Valuation

  • Market Total Value: $41,865
  • Market Land Value: $20,619
  • Market Improvement Value: $21,246

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $13,955
  • Assessed Land Value: $6,873
  • Assessed Improvements Value: $7,082

    Sales

  • Current Sale Contract Date: Nov 29, 2023
  • Current Sale Recording Date: Dec 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16501
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 Downs

Stats & Trends

Median Asking:

$289,500

Sale Price/ft²

$136

Below Asking

0.04%

Average Days on Market

41

Average Home Size

2599 ft²

Average Home Age

82 years

Currently For Sale

2 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: Mila Sakinis, RE/MAX Rising
Data Source: MRED, MLS# MRD12306746
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 107 North Seminary Street built and last sold?
The property at 107 North Seminary Street was built in 1899 and last sold on Nov 29, 2023 for $43,000.
How much is this home worth?
The estimated value of the home located at 107 North Seminary Street is $101,000.
What are some comparable homes to 107 North Seminary Street?
There are currently no comparable homes to 107 North Seminary Street.
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