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Belvidere 61008
Undisclosed Address
$170,000
● House - Off Market

Undisclosed Address

BELVIDERE, IL 61008
bedrooms
3 Beds
bathrooms
2 Baths
$298,337
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

HOME-BUILT IN 2002. MASTER BEDROOM WITH WALK-IN CLOSET AND MASTER BATH.  SPACIOUS LIVING ROOM AND DINING ROOM. LIVING ROOM WITH FIREPLACE. PRE-FORECLOSURE. SUBJECT TO LIENHOLDERS APPROVAL.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
2002

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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.

Property Highlights

Garage
Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 7
  • 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: 0
  • Basement Type: 9
  • Basement Area: 1,101
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,781
  • Building Area: 1,781
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,781
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKBROOK WOODS 04
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 2-43-3 OAKBROOK WOODS PLAT NO 4 LOT 98 2275 OAKWOOD DR E 60.42 S 1 25.76 W 85.57 N 138.55

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010300

Geography

  • Account Number: 07-07-02-151-003
  • District: 070
  • Parcel: 07-02-151-003
  • Lot: 98
  • Municipality: FLORA
  • Latitude: 42.2365
  • Longitude: -88.8578

    Address

  • Full Address: 2275 Oakwood Dr
  • Address - House Number: 2275
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R005
  • 4-Digit Zip Code: 7098
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $554,562

    Appraisal Valuation

  • Standard Deviation: 0.205
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 72
  • Final Value: 191,659
  • High Value: 230,954
  • Low Value: 152,364

    Market Valuation

  • Market Total Value: $171,060
  • Market Land Value: $29,607
  • Market Improvement Value: $141,453

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,020
  • Assessed Land Value: $9,869
  • Assessed Improvements Value: $47,151

    Sales

  • Current Sale Contract Date: Apr 25, 2019
  • Current Sale Recording Date: May 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Previous Sale Recording Date: Mar 19, 2007
  • Previous Sale Contract Date: Mar 19, 2007
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

$146

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1594 ft²

Average Home Age

50.4 years

Currently For Sale

18 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: Arturo Zamudio, Casablanca
Data Source: MRED, MLS# MRD06336113
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 2275 Oakwood Drive built and last sold?
The property at 2275 Oakwood Drive was built in 2002 and last sold on Apr 25, 2019 for $122,000.
How much is this home worth?
The estimated value of the home located at 2275 Oakwood Drive is $259,843.
What are some comparable homes to 2275 Oakwood Drive?
There are currently no comparable homes to 2275 Oakwood Drive.
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