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Franklin 62865
2577 Switchback Road
$200,000
● House - Off Market

2577 Switchback Road

Mulkeytown, IL 62865
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,046 Ft²
$226,752
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

One owner, custom manufactured home was built in 2007 is set on over 5 fenced acres with 3 large barns and a lean to. Previously used as a horse farm. This large home has a split floor plan with 3 bedrooms, 2 baths, a large laundry room and great built in cabinetry for ample storage. This is one to check out today!
Unit Size
2,046 Ft²
Days on Market
-
Land Size
5.48 acres
Price per sqft
$110
Property Type
House
Property Taxes
$12
HOA Dues
-
Year Built
-

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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

Air Conditioning
Fireplace
Garage

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: 238,709
  • 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
  • Land Acres: 0000005480
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SEC TWP RNG E 181' NE SW 5.48 ACRES

Neighborhood

  • School District Name: Christopher Community Unit School District 99
  • Census Tract: 040200

Geography

  • District: 61
  • Parcel: 0621300012
  • Municipality: TYRONE TOWNSHIP
  • Latitude: 37.9836
  • Longitude: -89.105

    Address

  • Full Address: 2577 Switch Back Rd
  • Address - House Number: 2577
  • Address - Street Name: Switch Back
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Mulkeytown
  • Carrier Code: R003
  • 4-Digit Zip Code: 2403
  • Zip Code: 62865

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $167,244
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 61103

    Appraisal Valuation

  • Standard Deviation: 0.1272
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 85
  • Final Value: 221,476
  • High Value: 249,652
  • Low Value: 193,300

    Market Valuation

  • Market Total Value: $109,155
  • Market Land Value: $11,325
  • Market Improvement Value: $97,830

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,385
  • Assessed Land Value: $3,775
  • Assessed Improvements Value: $32,610

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Franklin

Stats & Trends

Median Asking:

$115,000

Sale Price/ft²

$83

Below Asking

0.04%

Average Days on Market

63

Average Home Size

1568 ft²

Average Home Age

69.3 years

Currently For Sale

74 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

Rentals Near You

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MRED

Listed by: Kimberly Owsley, Southern Illinois Realty Experts Carbondale
Data Source: MRED, MLS# MRDQC4229637
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 2577 Switch Back Road built and last sold?
The property at 2577 Switch Back Road 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 2577 Switch Back Road is $0.
What are some comparable homes to 2577 Switch Back Road?
There are currently no comparable homes to 2577 Switch Back Road.
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