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Belvidere 61008
1237 PIEL GROCERY
$210,000
● House - Off Market

1237 PIEL GROCERY

BELVIDERE, IL 61008
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$399,324
RealtyHop Estimate
81.59%
Since Jan 1, 2008
National-US
Primary Model

About This Property

BEST DEAL IN BELVIDERE!!! BRIGHT, 2 STORY, BRICK FRONT ELEVATION HOME. FAMILY ROOM W/FIREPLACE IN MARBLE/WOOD.  FORMAL LIVING RM W/FRENCH DOORS/BAY WINDOW. SEP DINING ROOM W/BAY WINDOW, HUGE KITCHEN W/ISLAND, EAT IN AREA, 42" LIGHT OAK CABS. SLIDING DOOR TO A BEAUTIFUL YARD. LOFT OVERLOOKS THE FOYER AREA. MB W/WHIRLPOOL, WLK IN CLST. OAK STAIRCSE. FULL BSMT. PRE-FORECLOSURE, ALL OFFERS SUBJECT TO BANK APPROVAL
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
2004

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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

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,348
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 2,589
  • Building Area: 2,589
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,589
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOGAN SQUARE SUB
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 31-44-4 LOGAN SQUARE SUB LOT 49 140 X 100 1237 PIEL GROCERY LN

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010400

Zoning

  • Zoning: 1

Geography

  • Account Number: 06-06-31-330-006
  • District: 060
  • Parcel: 06-31-330-006
  • Lot: 49
  • Municipality: BONUS
  • Latitude: 42.2462
  • Longitude: -88.8169

    Address

  • Full Address: 1237 Piel Grocery Ln
  • Address - House Number: 1237
  • Address - Street Name: Piel Grocery
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R002
  • 4-Digit Zip Code: 9108
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $665,582

    Appraisal Valuation

  • Standard Deviation: 0.2565
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 63
  • Final Value: 272,446
  • High Value: 342,330
  • Low Value: 202,562

    Market Valuation

  • Market Total Value: $220,467
  • Market Land Value: $24,999
  • Market Improvement Value: $195,468

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,489
  • Assessed Land Value: $8,333
  • Assessed Improvements Value: $65,156

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 07, 2014
  • Current Sale Recording Date: Feb 07, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 000000000552
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:

$230,000

Sale Price/ft²

$145

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1482 ft²

Average Home Age

65.2 years

Currently For Sale

17 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: Halina Verzani, SFR, RE/MAX Countryside
Data Source: MRED, MLS# MRD06414248
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 1237 Piel Grocery Lane built and last sold?
The property at 1237 Piel Grocery Lane was built in 2004 and last sold on Feb 7, 2014 for $150,000.
How much is this home worth?
The estimated value of the home located at 1237 Piel Grocery Lane is $222,099.
What are some comparable homes to 1237 Piel Grocery Lane?
There are currently no comparable homes to 1237 Piel Grocery Lane.
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