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Belvidere 61008
1505 15th Avenue
$187,000
● House - Off Market

1505 15th Avenue

BELVIDERE, IL 61008
bedrooms
4 Beds
bathrooms
2 Baths
$354,146
RealtyHop Estimate
87.48%
Since Jul 1, 2008
National-US
Primary Model

About This Property

SPACIOUS HOME ON LARGE CORNER LOT BOASTS 4+ BEDROOMS. LARGE FAMILY ROOM & REC ROOM. LIVING ROOM & DINING W/VAULTED CEILINGS AND SKYLIGHTS. NICE KITCHEN WITH CENTER ISLAND AND DOOR TO LARGE DECK OVERLOOKING NICELY LANDSCAPED LOT W/TIERED RETAINING WALL.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1994

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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
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2003
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,353
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,486
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 980
  • Total Building Area: 2,574
  • Building Area: 2,574
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,574
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHEFFIELD HILLS 01
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 35-44-3 LOT 22 SHEFFIELD HILLS 1505 FIFTEENTH AVE

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010300

Geography

  • Account Number: 05-05-35-303-010
  • District: 050
  • Parcel: 05-35-303-010
  • Lot: 22
  • Municipality: BELVIDERE
  • Latitude: 42.2454
  • Longitude: -88.8591

    Address

  • Full Address: 1505 15th Ave
  • Address - House Number: 1505
  • Address - Street Name: 15th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Belvidere
  • Carrier Code: C002
  • 4-Digit Zip Code: 5489
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $533,992

    Appraisal Valuation

  • Standard Deviation: 0.134
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 84
  • Final Value: 194,494
  • High Value: 220,568
  • Low Value: 168,419

    Market Valuation

  • Market Total Value: $183,411
  • Market Land Value: $21,792
  • Market Improvement Value: $161,619

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,137
  • Assessed Land Value: $7,264
  • Assessed Improvements Value: $53,873

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 02, 2021
  • Current Sale Recording Date: Dec 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 26
  • Previous Sale Recording Date: Jun 05, 2008
  • Previous Sale Contract Date: Jun 05, 2008
  • Previous Sale Amount: $187,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

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MRED

Listed by: Michelle Romano-Huber, Nextage Professionals Realty
Data Source: MRED, MLS# MRD06818800
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 1505 15th Avenue built and last sold?
The property at 1505 15th Avenue was built in 1994 and last sold on Nov 2, 2021 for $190,000.
How much is this home worth?
The estimated value of the home located at 1505 15th Avenue is $210,802.
What are some comparable homes to 1505 15th Avenue?
There are currently no comparable homes to 1505 15th Avenue.
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