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Rock Falls 61071
1511 Wike Drive
$54,900
● House - Off Market

1511 Wike Drive

Rock Falls, IL 61071
bedrooms
3 Beds
bathrooms
1 Bath
square feet
964 Ft²
$431
Est. Monthly
23.31%
Cap Rate
Unit Size
964 Ft²
Days on Market
-
Land Size
-
Price per sqft
$62
Property Type
House
Property Taxes
$136
HOA Dues
-
Year Built
-

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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.

Last updated: 3 years ago (MRED MLS #11982317)

Price History

Date / Event Date Event Price
Mar 27, 2024 Sold
Premium
Sold
Feb 1, 2024 Listed by RE/MAX Sauk Valley $59,900
Listed by RE/MAX Sauk Valley

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: 7,680
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 600
  • 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: WIKES SUBDIVISION
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: WIKES SUB SEC 33 LOT 22 BLK 2 349000X

Neighborhood

  • School District Name: Rock Falls Elementary School District 13
  • Census Tract: 001700

Geography

  • Account Number: 99188
  • District: 11
  • Section: 33
  • Parcel: 1133254005
  • Block: 2
  • Lot: 22
  • Municipality: COLOMA
  • Latitude: 41.7667
  • Longitude: -89.698

    Address

  • Full Address: 1511 Wike Dr
  • Address - House Number: 1511
  • Address - Street Name: Wike
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rock Falls
  • Carrier Code: C008
  • 4-Digit Zip Code: 2829
  • Zip Code: 61071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $163,626
  • Tax Rate Code Area: 01110

    Appraisal Valuation

  • Standard Deviation: 0.2722
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 61
  • Final Value: 67,783
  • High Value: 86,234
  • Low Value: 49,332

    Market Valuation

  • Market Total Value: $60,450
  • Market Land Value: $8,340
  • Market Improvement Value: $52,110

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,150
  • Assessed Land Value: $2,780
  • Assessed Improvements Value: $17,370
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 Rock Falls

Stats & Trends

Median Asking:

$120,000

Sale Price/ft²

$98

Below Asking

0.03%

Average Days on Market

45

Average Home Size

1146 ft²

Average Home Age

70.5 years

Currently For Sale

19 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: Patricia Sword, RE/MAX Sauk Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11982317
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 1511 Wike Drive built and last sold?
The property at 1511 Wike Drive 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 1511 Wike Drive is $0.
What are some comparable homes to 1511 Wike Drive?
There are currently no comparable homes to 1511 Wike Drive.
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