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Homer 61849
208 W 3rd Street
$177,500
● House - Off Market

208 W 3rd Street

Homer, IL 61849
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$984
Est. Monthly
10.60%
Cap Rate

About This Property

You won't want to miss this opportunity in Homer! With many recent upgrades, all you need to do is move in. Enjoy the remodeled kitchen with an abundance of cabinet and counter space as well as newer stainless steel appliances. This home boasts 3 generous size bedrooms and a remodeled bathroom that includes tile flooring and a vanity with granite countertops. The large family room gives plenty of space to spread out and the screened in deck is the perfect place to relax and enjoy your morning coffee or visit with friends and family. Nearby you can enjoy the beautiful 764 acre Forest Preserve at Homer Lake. Activities at Homer Lake include boating, fishing and miles of walking/hiking trails across grasslands, prairie and woodlands. Schedule your showing today!
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$135
Property Type
House
Property Taxes
$149
HOA Dues
-
Year Built
1910

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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: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 1,178
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 4
  • Patio Type: 59
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,811
  • Total Building Area: 2,908
  • Gross Building Area: 2,908
  • Building Area: 1,178
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,178
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMER ORIGINAL TOWN
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOTS 7, 9 BLOCK 4 HOMER ORIGINAL TOWN, SUB OF W 1/2 BLK 4 SEC 8-18-14

Neighborhood

  • School District Name: Heritage Community Unit School District 8
  • School Tax School District: 101
  • Census Tract: 010800

Geography

  • District: 26
  • Parcel: 26-30-08-231-002
  • Block: 4
  • Lot: 7,9
  • Meridian: SEC 08 TWN 18N RNG 14W
  • Municipality: SOUTH HOMER
  • Latitude: 40.0383
  • Longitude: -87.9604

    Address

  • Full Address: 208 W 3rd St
  • Address - House Number: 208
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Homer
  • Carrier Code: C001
  • 4-Digit Zip Code: 1003
  • Zip Code: 61849

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $160,794
  • Tax Rate Code Area: 2602

    Appraisal Valuation

  • Standard Deviation: 0.2682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 101,511
  • High Value: 128,743
  • Low Value: 74,278

    Market Valuation

  • Market Total Value: $76,800
  • Market Land Value: $17,220
  • Market Improvement Value: $59,580

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,600
  • Assessed Land Value: $5,740
  • Assessed Improvements Value: $19,860

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 03, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R25537

    Financing

  • First Mortgage Financing Type: FIX
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 Homer

Stats & Trends

Median Asking:

$123,000

Sale Price/ft²

$90

Below Asking

0.09%

Average Days on Market

64

Average Home Size

1515 ft²

Average Home Age

116 years

Currently For Sale

2 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: Matt Difanis, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12340825
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 208 West 3rd Street built and last sold?
The property at 208 West 3rd Street was built in 1910 and last sold on Dec 3, 2020 for $75,000.
How much is this home worth?
The estimated value of the home located at 208 West 3rd Street is $0.
What are some comparable homes to 208 West 3rd Street?
There are currently no comparable homes to 208 West 3rd Street.
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