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Stephenson 61032
2683 W Florence Road
$105,000
● House - Off Market

2683 W Florence Road

Freeport, IL 61032
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,644 Ft²
$689
Est. Monthly

About This Property

Enjoy peaceful country living in this spacious 4-bedroom, 1-bath, two-story home set on a beautiful 0.68-acre lot. This property offers plenty of space both inside and out, featuring a detached garage, storage shed, and large yard perfect for outdoor living. Updates include a new roof (2017), windows replaced in 2019, and a new electric water heater (2019). Inside, you'll find a main-floor laundry, ample storage throughout, and room for everyone to spread out. If you've been dreaming of country charm with modern updates and space to grow - this is it!
Unit Size
1,644 Ft²
Days on Market
-
Land Size
-
Price per sqft
$64
Property Type
House
Property Taxes
$173
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

Garage
Air Conditioning

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: 29,621
  • Lot Size Frontage Feet: 0
  • 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: 0000000680
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOT 4 NW SEC 35-26-7 DOR DOCKET # 58-1249 & #92-89-190

Neighborhood

  • School District Name: Freeport School District 145
  • Census Tract: 000500

Geography

  • District: 03
  • Section: 35-26
  • Parcel: 03-18-35-126-008
  • Lot: 4
  • Meridian: SEC 35 TWN 26 RNG 07
  • Municipality: FLORENCE
  • Latitude: 42.214
  • Longitude: -89.6614

    Address

  • Full Address: 2683 W Florence Rd
  • Address - House Number: 2683
  • Street Direction: W
  • Address - Street Name: Florence
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Freeport
  • Carrier Code: R002
  • 4-Digit Zip Code: 9461
  • Zip Code: 61032

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $183,458
  • Tax Rate Code Area: 03001

    Appraisal Valuation

  • Standard Deviation: 0.2132
  • Valuation Date: May 31, 2023
  • Confidence Score: 70
  • Final Value: 99,861
  • High Value: 121,158
  • Low Value: 78,563

    Market Valuation

  • Market Total Value: $64,194
  • Market Land Value: $13,623
  • Market Improvement Value: $50,571

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,398
  • Assessed Land Value: $4,541
  • Assessed Improvements Value: $16,857

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 17, 2019
  • Current Sale Recording Date: Jul 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
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 Stephenson

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$96

Below Asking

0.03%

Average Days on Market

52

Average Home Size

2108 ft²

Average Home Age

76.1 years

Currently For Sale

72 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: Anthony Ramirez, Keller Williams Realty Signature
Data Source: MRED, MLS# MRD12492901
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 2683 West Florence Road built and last sold?
The property at 2683 West Florence Road was built in and last sold on Jul 17, 2019 for $31,825.
How much is this home worth?
The estimated value of the home located at 2683 West Florence Road is $0.
What are some comparable homes to 2683 West Florence Road?
There are currently no comparable homes to 2683 West Florence Road.
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