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Sterling 61081
1408 16th Avenue
$67,500
● House - Off Market

1408 16th Avenue

Sterling, IL 61081
bedrooms
2 Beds
bathrooms
1 Bath
square feet
852 Ft²
$448
Est. Monthly

About This Property

Bring your paint brush and tool! What a great house to rehab! Enclosed front porch, 6'4x15'3 - not heated. Nice sized living room open to the kitchen.  Appliances can stay but not warranted. Both main bedrooms have big closets. Upper level finished room, 6'x25' could be 3rd bedroom, family room, office, or whatever you need it to be! Full basement with laundry.  Furnace - 2016. Roof - 2011. Water heater - 2010. Newer 1 1/2 car garage.  Fenced yard.  Patio. Being sold AS-IS (electrical updates needed). Good solid house, ready for your improvements!
Unit Size
852 Ft²
Days on Market
-
Land Size
-
Price per sqft
$76
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
-

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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

Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,100
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLN SUBDIVISION
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: LINCOLN SUBDIVISION LOT 11 209300X

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001300

Geography

  • Account Number: 100555
  • District: 10
  • Parcel: 1122206008
  • Lot: 11
  • Municipality: STERLING
  • Latitude: 41.7998
  • Longitude: -89.6792

    Address

  • Full Address: 1408 16th Ave
  • Address - House Number: 1408
  • Address - Street Name: 16th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C015
  • 4-Digit Zip Code: 2667
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $158,020
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.2722
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 61
  • Final Value: 108,859
  • High Value: 138,491
  • Low Value: 79,227

    Market Valuation

  • Market Total Value: $90,120
  • Market Land Value: $9,384
  • Market Improvement Value: $80,736

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,040
  • Assessed Land Value: $3,128
  • Assessed Improvements Value: $26,912

    Exemptions

  • Senior Citizen Exemption : Yes
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 Sterling

Stats & Trends

Median Asking:

$134,900

Sale Price/ft²

$109

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1296 ft²

Average Home Age

89.6 years

Currently For Sale

32 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: Patricia Sword, RE/MAX Sauk Valley
Data Source: MRED, MLS# MRD12576912
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 1408 16th Avenue built and last sold?
The property at 1408 16th Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1408 16th Avenue is $0.
What are some comparable homes to 1408 16th Avenue?
There are currently no comparable homes to 1408 16th Avenue.
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