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Belvidere 61008
1901 Lafayette Drive
$280,000
● House - Off Market

1901 Lafayette Drive

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,825 Ft²
$271,118
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Why wait for a new build when you can buy this move in ready home. Built in 2019, with many upgrades!! this 3 Bed/2Bath Ranch is ready for you to call home. Large Master with a his and hers closet and full private bath. Family room, dining and kitchen all fitted in an open concept living. Kitchen is suited with Walk-in Pantry, Granite countertops, Beautiful white kitchen cabinets, New Appliances, Extra large Island the whole family can gather around. Extra features include Mudroom, Laundry room, modern fixtures, etc. Full Unfinished Basement already stubbed for a bathroom is waiting for your finishing touches. Owners may need a 30-45 day rent back. washer and dryer do not stay! sold as-is! Multiple offers received, offer deadline Thursday 4pm.
Unit Size
1,825 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$145
Property Type
House
Property Taxes
$620
HOA Dues
$3
Year Built
2019

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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

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,870
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,870
  • Building Area: 1,870
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,870
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANDMARK CROSSINGS 2 LT
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 22-44-3 LANDMARK CROSSINGS PLAT 2 LOT 101 NW54.37 NE146.08 SE105.29 W135 .77

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010502

Geography

  • Account Number: 05-05-22-278-014
  • District: 050
  • Parcel: 05-22-278-014
  • Lot: 101
  • Municipality: BELVIDERE
  • Latitude: 42.2787
  • Longitude: -88.8621

    Address

  • Full Address: 1901 Lafayette Dr
  • Address - House Number: 1901
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R011
  • 4-Digit Zip Code: 1707
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $693,538

    Appraisal Valuation

  • Standard Deviation: 0.132
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 84
  • Final Value: 260,007
  • High Value: 294,350
  • Low Value: 225,664

    Market Valuation

  • Market Total Value: $232,833
  • Market Land Value: $20,001
  • Market Improvement Value: $212,832

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,611
  • Assessed Land Value: $6,667
  • Assessed Improvements Value: $70,944

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Jul 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 01, 2020
  • Previous Sale Contract Date: Jun 30, 2020
  • Previous Sale Amount: $214,900
  • Previous Sale Document Type: 36

    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:

$225,000

Sale Price/ft²

$146

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1594 ft²

Average Home Age

50.4 years

Currently For Sale

18 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: Lorena Cardenas, Coldwell Banker Realty
Data Source: MRED, MLS# MRD11425419
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 1901 Lafayette Drive built and last sold?
The property at 1901 Lafayette Drive was built in 2019 and last sold on Jul 6, 2022 for $280,000.
How much is this home worth?
The estimated value of the home located at 1901 Lafayette Drive is $0.
What are some comparable homes to 1901 Lafayette Drive?
There are currently no comparable homes to 1901 Lafayette Drive.
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