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Winnebago 61109
1824 Will James Road
$135,000
● House - Off Market

1824 Will James Road

Rockford, IL 61109
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$132,163
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Nicely rehabbed home on the river. All new paint / bathroom / kitchen/ ss appliances / newer roof / new hot water heater / all new flooring / fixtures. Nice house / big back yard. It is on the river so flood insurance will be required. Back on market --- buyers financing fell thru!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$87
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1953

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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 #11699868)

Price History

Date / Event Date Event Price
Apr 24, 2023 Sold
Premium
Sold
Jan 12, 2023 Listed by Complete Realty & Prop Management $129,900
Listed by Complete Realty & Prop Management

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 7
  • Construction Type: 15
  • Building Style: 11
  • Exterior Walls Type: 11
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Lot Size Depth Feet: 3,350
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,898
  • Gross Building Area: 1,898
  • Building Area: 1,514
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,514
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JAMES COUNTRY HOMES 2ND ADD
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: JAMES COUNTRY HOMES 2ND ADD PT SEC 23-43-1 LOT 026

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003711

Zoning

  • Zoning: RR

Geography

  • Parcel: 15-23-476-006
  • Lot: 026
  • Meridian: SEC 23 TWN 43 RANGE 1
  • Municipality: ROCKFORD
  • Latitude: 42.1822
  • Longitude: -89.0804

    Address

  • Full Address: 1824 Will James Rd
  • Address - House Number: 1824
  • Address - Street Name: Will James
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rockford
  • Carrier Code: C008
  • 4-Digit Zip Code: 4849
  • Zip Code: 61109

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $240,500
  • Tax Rate Code Area: 099

    Appraisal Valuation

  • Standard Deviation: 0.2469
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 65
  • Final Value: 164,795
  • High Value: 205,484
  • Low Value: 124,105

    Market Valuation

  • Market Total Value: $95,415
  • Market Land Value: $14,703
  • Market Improvement Value: $80,712

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,805
  • Assessed Land Value: $4,901
  • Assessed Improvements Value: $26,904

    Sales

  • Current Sale Contract Date: May 05, 2023
  • Current Sale Recording Date: May 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9961
  • Previous Sale Recording Date: May 02, 2022
  • Previous Sale Contract Date: Apr 19, 2022
  • Previous Sale Amount: $63,500
  • Previous Sale Document Type: 27
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 Winnebago

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$138

Below Asking

0.02%

Average Days on Market

42

Average Home Size

1843 ft²

Average Home Age

58.6 years

Currently For Sale

278 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: Marc Hathaway, Complete Realty & Prop Management
Last Updated: 3 years ago
Data Source: MRED, MLS# 11699868
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 1824 Will James Road built and last sold?
The property at 1824 Will James Road was built in 1953 and last sold on May 5, 2023 for $135,000.
How much is this home worth?
The estimated value of the home located at 1824 Will James Road is $0.
What are some comparable homes to 1824 Will James Road?
There are currently no comparable homes to 1824 Will James Road.
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