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Sterling 61081
1503 3rd Avenue
$140,000
● House - Off Market

1503 3rd Avenue

Sterling, IL 61081
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,502 Ft²
$147,036
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Beautiful two-story home with 4 full bedrooms and 2.5 bathrooms. Updates including laminate wood flooring and new light fixtures. Laundry is located on the main floor. Eat in kitchen.  Home is located near schools and the hospital.
Unit Size
1,502 Ft²
Days on Market
-
Land Size
-
Price per sqft
$97
Property Type
House
Property Taxes
$121
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.

Last updated: 3 years ago (MRED MLS #11349938)

Price History

Date / Event Date Event Price
May 27, 2022 Sold
Premium
Sold
Mar 17, 2022 Listed by United Country Sauk Valley Realty $145,900
Listed by United Country Sauk Valley Realty
Jan 12, 2019 No longer available -
No longer available
Oct 31, 2018 Relisted $42,500
Relisted
Oct 29, 2018 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

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: 7,500
  • Lot Size Depth Feet: 1,500
  • 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: SUMMIT PLACE
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: SUMMIT PLACE LOT 8 BLK 2 181600X

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001101

Geography

  • Account Number: 111910
  • District: 10
  • Parcel: 1121204011
  • Block: 2
  • Lot: 8
  • Municipality: STERLING
  • Latitude: 41.8004
  • Longitude: -89.6944

    Address

  • Full Address: 1503 3rd Ave
  • Address - House Number: 1503
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C006
  • 4-Digit Zip Code: 2440
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $283,588
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.2538
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 64
  • Final Value: 120,006
  • High Value: 150,469
  • Low Value: 89,544

    Market Valuation

  • Market Total Value: $79,623
  • Market Land Value: $9,384
  • Market Improvement Value: $70,239

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,541
  • Assessed Land Value: $3,128
  • Assessed Improvements Value: $23,413

    Sales

  • Current Sale Contract Date: May 27, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3312
  • Previous Sale Recording Date: Feb 13, 2019
  • Previous Sale Contract Date: Feb 05, 2019
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 71
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:

$137,500

Sale Price/ft²

$109

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1251 ft²

Average Home Age

90 years

Currently For Sale

34 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: Terrence Campbell, United Country Sauk Valley Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11349938
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 1503 3rd Avenue built and last sold?
The property at 1503 3rd Avenue was built in and last sold on May 27, 2022 for $140,000.
How much is this home worth?
The estimated value of the home located at 1503 3rd Avenue is $0.
What are some comparable homes to 1503 3rd Avenue?
There are currently no comparable homes to 1503 3rd Avenue.
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