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Belvidere 61008
2218 RIDGEFIELD Drive
$191,000
● House - Off Market

2218 RIDGEFIELD Drive

BELVIDERE, IL 61008
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,275 Ft²
$287,161
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model

About This Property

WOW! BEAUTIFUL, FOUR BEDROOM, 2.5 BATH, 3 CAR GARAGE, SPACIOUS, HOME. FUNCTIONAL, OPEN FLOOR PLAN INCLUDES FAMILY AND LIVING ROOMS, CABINET FILLED EAT-IN KITCHEN WITH CUSTOM ISLAND THAT IS REMOVEABLE. FINISHED BASEMENT WITH ADDITIONAL CONCRETE CRAWL SPACE FOR STORAGE. CONVENIENT 2ND FLOOR LAUNDRY, MASSIVE MASTER CLOSET.  NEW CARPET, HARDWOOD FLOORS,  NEWER STOVE AND REFRIGERATOR. ALL NEW LIGHTING FIXTURES, REMOTE CONTROL CEILING FANS, WIFI NEST THERMOSTAT AND NEW HOT WATER HEATER.  QUIET CUL-DE-SAC LOCATION!
Unit Size
2,275 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$80
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
2000

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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 #09779749)

Price History

Date / Event Date Event Price
Jan 19, 2018 Sold
Premium
Sold
Oct 17, 2017 Listed by Berkshire Hathaway HomeServices Starck Real Estate $182,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2006
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 9
  • Basement Area: 970
  • Garage Type: 7
  • Garage Square Area: 609
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Depth Feet: 1,396
  • Lot Size Frontage Feet: 815
  • Total Building Area: 2,275
  • Building Area: 2,275
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,275
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARMINGTON PH 04
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 31-44-4 FARMINGTON PHASE 4 LOT 104 2218 RIDGEFIELD DR S81.51, SW132. 72, N120, E146.47

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010400

Geography

  • Account Number: 06-06-31-327-015
  • District: 060
  • Subdivision Phase Number: 4
  • Parcel: 06-31-327-015
  • Lot: 104
  • Municipality: BONUS
  • Latitude: 42.2453
  • Longitude: -88.8172

    Address

  • Full Address: 2218 Ridgefield Dr
  • Address - House Number: 2218
  • Address - Street Name: Ridgefield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R010
  • 4-Digit Zip Code: 6465
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $679,110

    Appraisal Valuation

  • Standard Deviation: 0.1864
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 273,614
  • High Value: 324,632
  • Low Value: 222,595

    Market Valuation

  • Market Total Value: $222,099
  • Market Land Value: $29,001
  • Market Improvement Value: $193,098

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,033
  • Assessed Land Value: $9,667
  • Assessed Improvements Value: $64,366

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 2018
  • Current Sale Recording Date: Jan 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Previous Sale Recording Date: May 08, 2015
  • Previous Sale Contract Date: May 08, 2015
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27

    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 Belvidere

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$145

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1607 ft²

Average Home Age

51.7 years

Currently For Sale

19 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: Kathleen Liewald, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 09779749
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 Ridgefield Drive built and last sold?
The property at 2218 Ridgefield Drive was built in 2000 and last sold on Jan 19, 2018 for $191,000.
How much is this home worth?
The estimated value of the home located at 2218 Ridgefield Drive is $191,576.
What are some comparable homes to 2218 Ridgefield Drive?
There are currently no comparable homes to 2218 Ridgefield Drive.
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