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Sterling 61081
2101 7th Avenue
$205,000
● House - Off Market

2101 7th Avenue

Sterling, IL 61081
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,487 Ft²
$204,441
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Beautiful 3 bedroom 2 bathroom ranch home with awesome open concept floor plan. Kitchen has island counter and is open to the dining area and living room. Brand new stainless steel appliances are included! Master bedroom has a walk-in closet and private bathroom. Newly painted back deck. Located on a corner lot in a great subdivision. This one won't last long!
Unit Size
1,487 Ft²
Days on Market
-
Land Size
-
Price per sqft
$138
Property Type
House
Property Taxes
$392
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: 3 years ago (MRED MLS #11838726)

Price History

Date / Event Date Event Price
Jul 31, 2023 Sold
Premium
Sold
Jul 21, 2023 Listed by RE/MAX Sauk Valley $205,000
Listed by RE/MAX Sauk Valley

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: 9,583
  • 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: GREENRIDGE
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: GREENRIDGE PHASE IV LOT 425

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001200

Geography

  • Account Number: 95524
  • District: 10
  • Subdivision Phase Number: 4
  • Parcel: 1115301006
  • Lot: 425
  • Municipality: STERLING
  • Latitude: 41.8071
  • Longitude: -89.6886

    Address

  • Full Address: 2101 7th Ave
  • Address - House Number: 2101
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C012
  • 4-Digit Zip Code: 1305
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $470,392
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.2641
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 62
  • Final Value: 165,118
  • High Value: 208,732
  • Low Value: 121,504

    Market Valuation

  • Market Total Value: $150,072
  • Market Land Value: $10,467
  • Market Improvement Value: $139,605

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,024
  • Assessed Land Value: $3,489
  • Assessed Improvements Value: $46,535

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Aug 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3769
  • Previous Sale Recording Date: Nov 10, 2008
  • Previous Sale Contract Date: Oct 29, 2008
  • Previous Sale Amount: $142,000
  • Previous Sale Document Type: 71
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 Sterling

Stats & Trends

Median Asking:

$134,900

Sale Price/ft²

$109

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1296 ft²

Average Home Age

89.6 years

Currently For Sale

32 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: Chandra Meyer-Howard, RE/MAX Sauk Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11838726
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 2101 7th Avenue built and last sold?
The property at 2101 7th Avenue was built in and last sold on Jul 25, 2023 for $205,000.
How much is this home worth?
The estimated value of the home located at 2101 7th Avenue is $0.
What are some comparable homes to 2101 7th Avenue?
There are currently no comparable homes to 2101 7th Avenue.
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