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Oglesby 61348
229 W 2nd Street
$118,000
● House - Off Market

229 W 2nd Street

Oglesby, IL 61348
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,296 Ft²
$159,060
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Move in ready 3 bedroom, 1 bath(plus 2nd bathroom in basement) brick, 1 story home with detached 1 car garage.   Large lot has amazing above ground pool with large deck, shed and dog kennel.  Basement has partially finished area.  Even the basement is neat and clean!  Don't miss this home! It has been well cared for!
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$93
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1910

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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: 2 years ago (MRED MLS #10897769)

Price History

Date / Event Date Event Price
Nov 25, 2020 Sold
Premium
Sold
Oct 9, 2020 Listed by Janko Realty & Development $120,000
Listed by Janko Realty & Development

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 8,276
  • Total Building Area: 1,296
  • Gross Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUB OF W 52 ACRES SEC 36-33-1
  • Land Acres: 0000000190
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COM 50' S SE COR LT 8 BLK 1 SNEEDEN'S 2ND SUB, PT LT 3 W52ACS E60ACS N1/2 NW1/4 SEC 36-33-1, W96.85' ALG S LN 2ND ST TO POB,

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963400

Geography

  • District: LS
  • Parcel: 18-36-112-002
  • Block: 1
  • Lot: 8-3
  • Meridian: SEC 36 TWN 33 RNG 01
  • Municipality: LASALLE TOWNSHIP
  • Latitude: 41.2927
  • Longitude: -89.0636

    Address

  • Full Address: 229 W 2nd St
  • Address - House Number: 229
  • Street Direction: W
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Oglesby
  • Carrier Code: C001
  • 4-Digit Zip Code: 1523
  • Zip Code: 61348

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $275,206
  • Tax Rate Code Area: LS008

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 134,629
  • High Value: 152,958
  • Low Value: 116,299

    Market Valuation

  • Market Total Value: $107,991
  • Market Land Value: $13,140
  • Market Improvement Value: $94,851

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,997
  • Assessed Land Value: $4,380
  • Assessed Improvements Value: $31,617

    Sales

  • Current Sale Contract Date: Nov 30, 2020
  • Current Sale Recording Date: Nov 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-18416
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 Oglesby

Stats & Trends

Median Asking:

$162,000

Sale Price/ft²

$123

Below Asking

0.03%

Average Days on Market

48

Average Home Size

1824 ft²

Average Home Age

55.4 years

Currently For Sale

7 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: Andrea Greenwalt, Janko Realty & Development
Last Updated: 2 years ago
Data Source: MRED, MLS# 10897769
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 229 West 2nd Street built and last sold?
The property at 229 West 2nd Street was built in 1910 and last sold on Nov 30, 2020 for $118,000.
How much is this home worth?
The estimated value of the home located at 229 West 2nd Street is $0.
What are some comparable homes to 229 West 2nd Street?
There are currently no comparable homes to 229 West 2nd Street.
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