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Danvers 61732
111 W North Street
$149,900
● House - Off Market

111 W North Street

Danvers, IL 61732
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,160 Ft²
$991
Est. Monthly
14.78%
Cap Rate

About This Property

Welcome to 111 W North St. This home has been lovingly updated throughout and really shows its charm as you walk in the front door. Updated siding, windows, some roofing, kitchen, bathroom, furnace, A-coil and much more. Located in the heart of Danvers you are just a short walk to anywhere you want to go, but you can sit on the rear patio under the pergola and enjoy the quiet atmosphere of small-town living. Stove, fridge, dishwasher, washer and dryer included which makes this a true turn-key home.
Unit Size
1,160 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1885

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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 #12104463)

Price History

Date / Event Date Event Price
Sep 18, 2024 Sold
Premium
Sold
Jul 16, 2024 In contract -
In contract
Jul 8, 2024 Listed by Henderson-Weir Agency Inc $149,900
Listed by Henderson-Weir Agency Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 5,600
  • Parking Space Count: 18
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 678
  • Gross Building Area: 678
  • Building Area: 678
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 678
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 2ND ADD DANVERS
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 2ND ADD TO DANVERS LOT 6 BLK 1

Neighborhood

  • School District Name: Olympia Community Unit School District 16
  • Census Tract: 005202

Geography

  • District: 11
  • Parcel: 12-23-211-004
  • Block: 1
  • Lot: 6
  • Meridian: SEC 23 TWN 24N RNG 01W
  • Municipality: DANVERS
  • Latitude: 40.5301
  • Longitude: -89.1787

    Address

  • Full Address: 111 W North St
  • Address - House Number: 111
  • Street Direction: W
  • Address - Street Name: North
  • Address - Suffix Type: St
  • State: IL
  • City Name: Danvers
  • Carrier Code: R777
  • 4-Digit Zip Code: 9206
  • Zip Code: 61732

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $284,882
  • Tax Rate Code Area: 1101

    Appraisal Valuation

  • Standard Deviation: 0.4855
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 2
  • Final Value: 230,850
  • High Value: 342,928
  • Low Value: 118,771

    Market Valuation

  • Market Total Value: $89,451
  • Market Land Value: $7,881
  • Market Improvement Value: $81,570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,817
  • Assessed Land Value: $2,627
  • Assessed Improvements Value: $27,190

    Sales

  • Current Sale Contract Date: Aug 15, 2008
  • Current Sale Recording Date: Sep 05, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008-00024286
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 Danvers

Stats & Trends

Median Asking:

$200,000

Sale Price/ft²

$139

Below Asking

0.02%

Average Days on Market

46

Average Home Size

956 ft²

Average Home Age

79 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

Rentals Near You

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MRED

Listed by: Tim Weir, Henderson-Weir Agency Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12104463
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 111 West North Street built and last sold?
The property at 111 West North Street was built in 1885 and last sold on Aug 15, 2008 for $75,000.
How much is this home worth?
The estimated value of the home located at 111 West North Street is $154,068.
What are some comparable homes to 111 West North Street?
There are currently no comparable homes to 111 West North Street.
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