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Rockford 61108 Southeast
2218 Forest View Road
$69,900
● House - Off Market

2218 Forest View Road

Rockford, IL 61108
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,075 Ft²
$73,766
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Bungalow 3-BD, 1 Bath, 2 Car. DR & LR have gorgeous Brazilian Cherry Flooring. Carpeted bedrooms, granite kitchen w/undermount sink, SS stove/dish, white fridge, black micro. Stacked WD stays. Beautiful remodeled bath. Master has walk in closet. Front enclosed porch. Double lot with firepit, split bedroom plan, 2 front, one rear. 2015 Stove & dish, 2014 Granite, 2010 Roof. Garage needs some TLC.
Unit Size
1,075 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$65
Property Type
House
Property Taxes
$77
HOA Dues
-
Year Built
1947

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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.

Last updated: 3 years ago (MRED MLS #11639100)

Price History

Date / Event Date Event Price
Nov 23, 2022 Sold
Premium
Sold
Sep 26, 2022 Listed by Gambino Realtors Home Builders $69,900
Listed by Gambino Realtors Home Builders

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 2
  • Basement Area: 616
  • Garage Type: 4
  • Garage Square Area: 500
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,691
  • Gross Building Area: 1,691
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,075
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARDMORE BNG SUB
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: ARDMORE BNG SUB PT OF W1/2 W1/2 SEC 33+ PT SEC 32-44-2 LOT 007 BLOCK 00F

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 000501

Zoning

  • Zoning: R2

Geography

  • Parcel: 12-33-306-005
  • Block: 00F
  • Lot: 007
  • Meridian: SEC 32 TWN 44 RANGE 2
  • Municipality: ROCKFORD
  • Latitude: 42.2423
  • Longitude: -89.0188

    Address

  • Full Address: 2218 Forest View Rd
  • Address - House Number: 2218
  • Address - Street Name: Forest View
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rockford
  • Carrier Code: C047
  • 4-Digit Zip Code: 7921
  • Zip Code: 61108

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $99,522
  • Tax Rate Code Area: 018

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 65
  • Final Value: 80,566
  • High Value: 100,171
  • Low Value: 60,960

    Market Valuation

  • Market Total Value: $49,299
  • Market Land Value: $6,648
  • Market Improvement Value: $42,651

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,433
  • Assessed Land Value: $2,216
  • Assessed Improvements Value: $14,217

    Sales

  • Current Sale Contract Date: Nov 25, 2022
  • Current Sale Recording Date: Nov 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 35811
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 Southeast

Stats & Trends

Median Asking:

$179,900

Sale Price/ft²

$126

Below Asking

0.02%

Average Days on Market

41

Average Home Size

1226 ft²

Average Home Age

80.9 years

Currently For Sale

54 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

Unit for rent at 5030 Harrison Avenue, Rockford, IL, 61108

$1,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,320 ft²
5030 Harrison Avenue #2, Rockford, IL, 61108 Listing by Kenneth Carn
Unit for rent at 4007 Tonawanda Avenue, Rockford, IL, 61108

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,938 ft²
4007 Tonawanda Avenue, Rockford, IL, 61108 Listing by Rene Acevedo

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jean Campbell, Gambino Realtors Home Builders
Last Updated: 3 years ago
Data Source: MRED, MLS# 11639100
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 2218 Forest View Road built and last sold?
The property at 2218 Forest View Road was built in 1947 and last sold on Nov 25, 2022 for $70,000.
How much is this home worth?
The estimated value of the home located at 2218 Forest View Road is $0.
What are some comparable homes to 2218 Forest View Road?
There are currently no comparable homes to 2218 Forest View Road.
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