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Monticello 61856
202 VALLEY Road
$244,000
● House - Off Market

202 VALLEY Road

Monticello, IL 61856
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,528 Ft²
$1,491
Est. Monthly
4.96%
Cap Rate

About This Property

Welcome Home to this charming, updated ranch! The updates are amazing. Starting with a new windows, new siding and new exterior doors in 2020, and new microwave.  High efficiency HVAC system in 2022, Granite countertops in 2022, new refrigerator and new stove 2022.   2023 new flooring throughout except the bedroom's, new landscape border, and new upper cabinets in kitchen and pantry.  The beautiful backyard is enclosed with a newly stained wooden fence.  This home is amazing!!
Unit Size
1,528 Ft²
Days on Market
-
Land Size
-
Price per sqft
$160
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
-

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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: 2 years ago (MRED MLS #12157680)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
Sep 27, 2024 In contract -
In contract
Sep 18, 2024 Listed by RE/MAX REALTY ASSOC-MONTICELLO $244,000
Listed by RE/MAX REALTY ASSOC-MONTICELLO

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: 9,504
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 880
  • 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: SURREY HILL WEST ADD
  • Land Acres: 0000000218
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOT 55 SURREY HILL WEST ADDN 52 10 61

Neighborhood

  • School District Name: Monticello Community Unit School District 25
  • Census Tract: 954600

Geography

  • District: 05
  • Parcel: 05-00-54-001-754-00
  • Lot: 55
  • Municipality: MONTICELLO TOWNSHIP
  • Latitude: 40.0267
  • Longitude: -88.5821

    Address

  • Full Address: 202 Valley Rd
  • Address - House Number: 202
  • Address - Street Name: Valley
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Monticello
  • Carrier Code: R004
  • 4-Digit Zip Code: 1030
  • Zip Code: 61856

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $325,254
  • Tax Rate Code Area: 05033

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: May 31, 2023
  • Confidence Score: 76
  • Final Value: 217,598
  • High Value: 256,599
  • Low Value: 178,597

    Market Valuation

  • Market Total Value: $164,820
  • Market Land Value: $35,871
  • Market Improvement Value: $128,949

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,940
  • Assessed Land Value: $11,957
  • Assessed Improvements Value: $42,983

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 01, 2003
  • Current Sale Recording Date: Jan 01, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 000000001745
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 Monticello

Stats & Trends

Median Asking:

$272,450

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2608 ft²

Average Home Age

30.8 years

Currently For Sale

12 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: Julie Huisinga, RE/MAX REALTY ASSOC-MONTICELLO
Last Updated: 2 years ago
Data Source: MRED, MLS# 12157680
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 202 Valley Road built and last sold?
The property at 202 Valley Road was built in and last sold on Jan 1, 2003 for $101,500.
How much is this home worth?
The estimated value of the home located at 202 Valley Road is $247,198.
What are some comparable homes to 202 Valley Road?
There are currently no comparable homes to 202 Valley Road.
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