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Belvidere 61008
2500 Fairfield Trail
$205,000
● House - Off Market

2500 Fairfield Trail

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,072 Ft²
$230,718
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

This fantastic 2-Story home boasts over 2,000 SFT of finished space! The main floor features a spacious living room that is open to the family room. The kitchen is well equipped with some stainless appliances, a newer disposal and faucet on the sink (2019). Continue upstairs to find a large loft area, and a 2nd floor laundry room! Also, the guest bathroom, and two sizable guest bedrooms one of which has a walk-in closet space. The generously sized master suite features a walk-in closet and en suite bathroom! The backyard is fenced, and features a cement patio, a pergola, and garden shed. Also featured, 2 car attached garage, HWH updated in 2019.
Unit Size
2,072 Ft²
Days on Market
-
Land Size
-
Price per sqft
$99
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
2001

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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.

Last updated: 3 years ago (MRED MLS #11204573)

Price History

Date / Event Date Event Price
Oct 22, 2021 Sold
Premium
Sold
Aug 30, 2021 Listed by Century 21 Affiliated $205,000
Listed by Century 21 Affiliated

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2006
  • Total Rooms: 8
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,238
  • Lot Size Frontage Feet: 892
  • Total Building Area: 2,072
  • Building Area: 2,072
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,072
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARMINGTON PH 5
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 31-44-4 FARMINGTON PHASE 5 LOT 156 2500 FAIRFIELD TRL

Neighborhood

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

Geography

  • Account Number: 06-06-31-329-017
  • District: 060
  • Subdivision Phase Number: 5
  • Parcel: 06-31-329-017
  • Lot: 156
  • Municipality: BONUS
  • Latitude: 42.2441
  • Longitude: -88.8136

    Address

  • Full Address: 2500 Fairfield Trl
  • Address - House Number: 2500
  • Address - Street Name: Fairfield
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R010
  • 4-Digit Zip Code: 6498
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $677,314

    Appraisal Valuation

  • Standard Deviation: 0.134
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 84
  • Final Value: 201,425
  • High Value: 228,429
  • Low Value: 174,421

    Market Valuation

  • Market Total Value: $221,559
  • Market Land Value: $24,999
  • Market Improvement Value: $196,560

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,853
  • Assessed Land Value: $8,333
  • Assessed Improvements Value: $65,520

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 26

    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

$145

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1696 ft²

Average Home Age

45.5 years

Currently For Sale

16 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: Justin Smith, Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MRED, MLS# 11204573
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 2500 Fairfield Trail built and last sold?
The property at 2500 Fairfield Trail was built in 2001 and last sold on Oct 22, 2021 for $205,000.
How much is this home worth?
The estimated value of the home located at 2500 Fairfield Trail is $0.
What are some comparable homes to 2500 Fairfield Trail?
There are currently no comparable homes to 2500 Fairfield Trail.
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