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Rockford 61109 Southeast
1624 Westview Drive
$130,000
● House - Off Market

1624 Westview Drive

Rockford, IL 61109
bedrooms
3 Beds
bathrooms
1 Bath
square feet
850 Ft²
$833
Est. Monthly
18.47%
Cap Rate

About This Property

Well maintained 3 bed. 1 bath ranch-style home. Equipped with an attached 1 car garage makes for easy and convenient living! Enjoy some privacy with a fenced-in yard with plenty of space for families of any size!
Unit Size
850 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
1955

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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 #12080145)

Price History

Date / Event Date Event Price
Jul 12, 2024 Sold
Premium
Sold
Jun 11, 2024 Listed by Stateline Real Estate LLC $140,000
Listed by Stateline Real Estate LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 850
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,024
  • Gross Building Area: 2,024
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL PARK SUB
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: CRYSTAL PARK SUB OF PT N1/2 S1/2 NE1/4NW1/4 SEC 12-43-1 EXCL SWLY TRI TR 50FT ON W LN + 25FT ON S LN ALL LOT 008

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 001900

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 50
  • Parcel: 15-12-126-015
  • Lot: 8
  • Meridian: SEC 12 TWN 43 RANGE 1
  • Municipality: ROCKFORD
  • Latitude: 42.2214
  • Longitude: -89.0704

    Address

  • Full Address: 1624 Westview Dr
  • Address - House Number: 1624
  • Address - Street Name: Westview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rockford
  • Carrier Code: C016
  • 4-Digit Zip Code: 2228
  • Zip Code: 61109

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $163,690
  • Tax Rate Code Area: 421

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 88,925
  • High Value: 112,485
  • Low Value: 65,364

    Market Valuation

  • Market Total Value: $60,981
  • Market Land Value: $6,789
  • Market Improvement Value: $54,192

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,327
  • Assessed Land Value: $2,263
  • Assessed Improvements Value: $18,064

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34006
  • Previous Sale Recording Date: Dec 19, 2019
  • Previous Sale Contract Date: Dec 18, 2019
  • Previous Sale Amount: $40,000
  • 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 Southeast

Stats & Trends

Median Asking:

$180,000

Sale Price/ft²

$128

Below Asking

0.02%

Average Days on Market

42

Average Home Size

1268 ft²

Average Home Age

77.7 years

Currently For Sale

45 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: Sully Cadengo, Stateline Real Estate LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12080145
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 1624 Westview Drive built and last sold?
The property at 1624 Westview Drive was built in 1955 and last sold on Sep 21, 2021 for $297,500.
How much is this home worth?
The estimated value of the home located at 1624 Westview Drive is $0.
What are some comparable homes to 1624 Westview Drive?
There are currently no comparable homes to 1624 Westview Drive.
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