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Gridley 61744
114 W 3rd Street
$112,000
● House - Off Market

114 W 3rd Street

Gridley, IL 61744
bedrooms
2 Beds
bathrooms
1 Bath
square feet
820 Ft²
$660
Est. Monthly

About This Property

What a great one-story two-bedroom ranch on a beautiful street in Gridley!  The home has a great open layout.  All of the appliances remain.  There is a nice one-car detached garage that is insulated and has alley entrance/access.  There is a nice yard with a storage shed that also stays. The roof on the house was new in 2014, and the roof on the garage was new in 2017.  The A/C was new in 2016, and the water heater was new in 2018.  This house has been freshly painted and is ready to be your new home!
Unit Size
820 Ft²
Days on Market
-
Land Size
-
Price per sqft
$137
Property Type
House
Property Taxes
$109
HOA Dues
-
Year Built
1954

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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
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 3,100
  • Parking Space Count: 10
  • Patio Type: 55
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,840
  • Total Building Area: 820
  • Gross Building Area: 820
  • Building Area: 820
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 820
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF GRIDLEY
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: VILLAGE OF GRIDLEY W20 LOT 13 & E 1/2 LOT 12 BLK 21

Neighborhood

  • School District Name: El Paso-Gridley Community Unit School District 11
  • Census Tract: 005102

Geography

  • District: 17
  • Parcel: 02-04-378-014
  • Block: 21
  • Lot: 13,12
  • Meridian: SEC 04 TWN 26N RNG 03E
  • Municipality: GRIDLEY
  • Latitude: 40.7426
  • Longitude: -88.8823

    Address

  • Full Address: 114 W 3rd St
  • Address - House Number: 114
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Gridley
  • Carrier Code: R777
  • 4-Digit Zip Code: 7719
  • Zip Code: 61744

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $129,530
  • Tax Rate Code Area: 1701

    Appraisal Valuation

  • Standard Deviation: 0.2004
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 101,207
  • High Value: 121,496
  • Low Value: 80,917

    Market Valuation

  • Market Total Value: $76,569
  • Market Land Value: $6,297
  • Market Improvement Value: $70,272

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,523
  • Assessed Land Value: $2,099
  • Assessed Improvements Value: $23,424

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00022094
  • Previous Sale Recording Date: May 07, 2019
  • Previous Sale Contract Date: May 01, 2019
  • Previous Sale Amount: $67,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Gridley

Stats & Trends

Median Asking:

$199,500

Sale Price/ft²

$85

Below Asking

0.05%

Average Days on Market

61

Average Home Size

2037 ft²

Average Home Age

95 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: Tracy Haas Riley, BHHS Central Illinois, REALTORS
Data Source: MRED, MLS# MRD12495499
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 114 West 3rd Street built and last sold?
The property at 114 West 3rd Street was built in 1954 and last sold on Aug 31, 2021 for $75,000.
How much is this home worth?
The estimated value of the home located at 114 West 3rd Street is $0.
What are some comparable homes to 114 West 3rd Street?
There are currently no comparable homes to 114 West 3rd Street.
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