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Belvidere 61008
Undisclosed Address
$309,000
● House - Off Market

Undisclosed Address

BELVIDERE, IL 61008
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$554,189
RealtyHop Estimate
70.52%
Since Mar 1, 2007
National-US
Primary Model

About This Property

TOP QUALITY CUSTOM BUILT BY BUILDER/OWNER. FIN-BSMT HAS REC-RM, WET BAR, BATH, OFFICE, DEN, CONTROL ROOM, UTIL-RM + LOTS OF STORAGE.  BEAUTIFUL OAK FLOORS & HICKORY KITCHEN CABS/GRANITE COUNTERS. SECURITY SYSTEM + MANY QUALITY EXTRAS. INGROUND POOL/SPRINKLERS. PRO-LANDSCAPED CORNER LOT IS IRREG.  400 AMP ELECTRIC. ASSN $75/YR.
Unit Size
-
Days on Market
-
Land Size
0.57 acres
Price per sqft
-
Property Type
House
Property Taxes
$447
HOA Dues
$6
Year Built
2001

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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

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2002
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: 1
  • Building Quality: 4
  • Construction Type: 11
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,195
  • Garage Type: 7
  • Garage Square Area: 902
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 24,829
  • Total Building Area: 4,170
  • Building Area: 4,170
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,170
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERBEND NORTH 3
  • Land Acres: 0000000570
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 25-44-3 RIVERBEND NORTH PLAT NO 3 LOT 180 1402 WALTS WAY

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010101

Geography

  • Account Number: 05-05-25-204-001
  • District: 050
  • Parcel: 05-25-204-001
  • Lot: 180
  • Municipality: BELVIDERE
  • Latitude: 42.2693
  • Longitude: -88.8285

    Address

  • Full Address: 1402 Walts Way
  • Address - House Number: 1402
  • Address - Street Name: Walts
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Belvidere
  • Carrier Code: C007
  • 4-Digit Zip Code: 1413
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $911,544

    Appraisal Valuation

  • Standard Deviation: 0.1221
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 86
  • Final Value: 379,199
  • High Value: 425,518
  • Low Value: 332,881

    Market Valuation

  • Market Total Value: $300,363
  • Market Land Value: $20,001
  • Market Improvement Value: $280,362

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,121
  • Assessed Land Value: $6,667
  • Assessed Improvements Value: $93,454

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 26, 2007
  • Current Sale Recording Date: Feb 26, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 000000002054
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:

$229,950

Sale Price/ft²

$146

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1521 ft²

Average Home Age

64.8 years

Currently For Sale

18 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: Leann Sackett, Gambino Realtors Home Builders
Data Source: MRED, MLS# MRD06346338
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 1402 Walts Way built and last sold?
The property at 1402 Walts Way was built in 2001 and last sold on Feb 26, 2007 for $309,000.
How much is this home worth?
The estimated value of the home located at 1402 Walts Way is $328,250.
What are some comparable homes to 1402 Walts Way?
There are currently no comparable homes to 1402 Walts Way.
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