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Ogle 61054
2156 N Leaf River Road
$95,000
● House - Off Market

2156 N Leaf River Road

Mount Morris, IL 61054
bedrooms
2 Beds
bathrooms
1 Bath
square feet
904 Ft²
$603
Est. Monthly
22.66%
Cap Rate

About This Property

You will love this charming 2 bedroom home, complete with an oversized 1 car garage perfect for projects or extra storage. The spacious living room and both bedrooms feature beautiful hardwood floors, while the kitchen has a brand-new floor and the bathroom has been nicely updated. The home is set on a 1/2 acre lot just outside of Mount Morris, with a fenced pen at the back of the property. Additional updates include a newer roof on the house, many replaced windows, and a solid poured concrete foundation.
Unit Size
904 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$111
Property Type
House
Property Taxes
$112
HOA Dues
-
Year Built
1950

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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

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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 Count: 100
  • 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: 21,780
  • Lot Size Depth Feet: 2,620
  • Lot Size Frontage Feet: 830
  • Total Building Area: 904
  • Building Area: 904
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 904
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK:9 TWP:24 SECT/LOT:26 N 83FT S 761FT E 262FT E1/2 E1/2 SE4

Neighborhood

  • School District Name: Oregon Community Unit School District 220
  • Census Tract: 960900

Geography

  • District: 16
  • Parcel: 08-26-478-009
  • Block: 9
  • Lot: 26
  • Meridian: SEC 26 TWN 24 RNG 09
  • Municipality: MT MORRIS
  • Latitude: 42.0444
  • Longitude: -89.4128

    Address

  • Full Address: 2156 N Leaf River Rd
  • Address - House Number: 2156
  • Street Direction: N
  • Address - Street Name: Leaf River
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Mount Morris
  • Carrier Code: R050
  • 4-Digit Zip Code: 9653
  • Zip Code: 61054

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $106,782
  • Tax Rate Code Area: 1644

    Appraisal Valuation

  • Standard Deviation: 0.2486
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 64
  • Final Value: 75,093
  • High Value: 93,762
  • Low Value: 56,425

    Market Valuation

  • Market Total Value: $55,755
  • Market Land Value: $11,736
  • Market Improvement Value: $44,019

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,585
  • Assessed Land Value: $3,912
  • Assessed Improvements Value: $14,673

    Sales

  • Current Sale Contract Date: Aug 07, 2020
  • Current Sale Recording Date: Aug 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202005725
  • Previous Sale Recording Date: Apr 04, 2016
  • Previous Sale Contract Date: Apr 01, 2016
  • Previous Sale Amount: $19,500
  • Previous Sale Document Type: 71

    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 Ogle

Stats & Trends

Median Asking:

$227,900

Sale Price/ft²

$145

Above Asking

8.14%

Average Days on Market

49

Average Home Size

2079 ft²

Average Home Age

63 years

Currently For Sale

101 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: Lori Peterson, RE/MAX of Rock Valley
Data Source: MRED, MLS# MRD12481239
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 2156 North Leaf River Road built and last sold?
The property at 2156 North Leaf River Road was built in 1950 and last sold on Aug 7, 2020 for $57,000.
How much is this home worth?
The estimated value of the home located at 2156 North Leaf River Road is $0.
What are some comparable homes to 2156 North Leaf River Road?
There are currently no comparable homes to 2156 North Leaf River Road.
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