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Spring Valley 61362
228 W 2nd Place
$62,000
● House - Off Market

228 W 2nd Place

Spring Valley, IL 61362
bedrooms
2 Beds
bathrooms
1 Bath
square feet
686 Ft²
$72,368
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Move right into this cozy 2 bedroom home with attached 1 car garage.  Vinyl sided-corner lot.  Great starter or Income property.  Currently rented.  Corn Belt electric service, water heater in 2014.  Nice location not far from schools and city park.
Unit Size
686 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$95
Property Type
House
Property Taxes
$106
HOA Dues
-
Year Built
-

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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 #11232878)

Price History

Date / Event Date Event Price
Nov 29, 2021 Sold
Premium
Sold
Sep 28, 2021 Listed by Coldwell Banker Today's, Realtors $64,900
Listed by Coldwell Banker Today's, Realtors

Property Highlights

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: 13,225
  • 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: OBIERNES 3RD ADD
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SPRING VALLEY-OBIERNES 3RD ADD. L 9-10 BLK 119 B 746 P 605 D 91-2183

Neighborhood

  • School District Name: Spring Valley Community Consolidated School District 99
  • Census Tract: 965100

Geography

  • Account Number: 1834282009
  • District: 18
  • Parcel: 18-34-282-009
  • Block: 119
  • Meridian: SEC 34 TWN 16 RNG 11
  • Municipality: HALL
  • Latitude: 41.3288
  • Longitude: -89.203

    Address

  • Full Address: 228 W 1st St
  • Address - House Number: 228
  • Street Direction: W
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Spring Valley
  • Carrier Code: C001
  • 4-Digit Zip Code: 1302
  • Zip Code: 61362

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $169,004
  • Tax Rate Code Area: 18005

    Appraisal Valuation

  • Standard Deviation: 0.2602
  • Valuation Date: May 31, 2023
  • Confidence Score: 63
  • Final Value: 86,849
  • High Value: 109,453
  • Low Value: 64,245

    Market Valuation

  • Market Total Value: $64,089
  • Market Land Value: $24,192
  • Market Improvement Value: $39,897

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,363
  • Assessed Land Value: $8,064
  • Assessed Improvements Value: $13,299
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 Spring Valley

Stats & Trends

Median Asking:

$149,500

Sale Price/ft²

$116

Below Asking

0.05%

Average Days on Market

57

Average Home Size

1303 ft²

Average Home Age

93.1 years

Currently For Sale

9 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: Bonnie Lester, Coldwell Banker Today's, Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11232878
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 228 West 2nd Place built and last sold?
The property at 228 West 2nd Place was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 228 West 2nd Place is $0.
What are some comparable homes to 228 West 2nd Place?
There are currently no comparable homes to 228 West 2nd Place.
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