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South Beloit 61080
110 Smith Lane
$225,000
● House - Off Market

110 Smith Lane

South Beloit, IL 61080
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,506 Ft²
$1,348
Est. Monthly
12.32%
Cap Rate

About This Property

Check out this 3 bedroom, 2.5 bath home for sale in South Beloit, IL! Featuring a large kitchen with new cabinets, deep sink, and included appliances, this home is perfect for entertaining. The spacious family room offers a cozy wood-burning fireplace, half bath, and walkout doors to the fenced backyard. Outside, you'll find a brand-new 15x13 powered shed, plus extra space to park a boat or RV. The main floor hosts all three bedrooms, while the partially finished basement includes a second full bath, possible office with walk-in closet, and a new furnace (2024). Conveniently located near 251, area lakes, and the Rock River-this property has plenty to offer!
Unit Size
1,506 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$146
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1961

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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 Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 481
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 1,506
  • Building Area: 1,506
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 1,506
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK VIEW ANNEX
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: PARK VIEW ANNEX A SUB IN NE1/4 SEC 7-46-2 LOT 011

Neighborhood

  • School District Name: South Beloit Community Unit School District 320
  • Census Tract: 004004

Zoning

  • Zoning: R1

Geography

  • Parcel: 04-07-278-011
  • Lot: 011
  • Meridian: SEC 7 TWN 46 RANGE 2
  • Municipality: ROCKTON
  • Latitude: 42.4787
  • Longitude: -89.0423

    Address

  • Full Address: 110 Smith Ln
  • Address - House Number: 110
  • Address - Street Name: Smith
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: South Beloit
  • Carrier Code: C001
  • 4-Digit Zip Code: 2236
  • Zip Code: 61080

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $290,140
  • Tax Rate Code Area: 190

    Appraisal Valuation

  • Standard Deviation: 0.2442
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 65
  • Final Value: 186,405
  • High Value: 231,927
  • Low Value: 140,882

    Market Valuation

  • Market Total Value: $118,623
  • Market Land Value: $20,478
  • Market Improvement Value: $98,145

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,541
  • Assessed Land Value: $6,826
  • Assessed Improvements Value: $32,715

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28263
  • Previous Sale Recording Date: Sep 04, 2020
  • Previous Sale Contract Date: Jul 17, 2020
  • Previous Sale Document Type: 55
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 South Beloit

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$184

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1068 ft²

Average Home Age

37.7 years

Currently For Sale

11 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: Fidel Batres, Keller Williams Realty Signature
Data Source: MRED, MLS# MRD12464302
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 110 Smith Lane built and last sold?
The property at 110 Smith Lane was built in 1961 and last sold on Aug 6, 2021 for $160,000.
How much is this home worth?
The estimated value of the home located at 110 Smith Lane is $0.
What are some comparable homes to 110 Smith Lane?
There are currently no comparable homes to 110 Smith Lane.
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