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Marseilles 61341
271 Pacific Street
$169,000
● House - Off Market

271 Pacific Street

Marseilles, IL 61341
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,467 Ft²
$168,053
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

This well maintained, updated, 3 bedroom home has it all! Open floor plan, hardwood floors, newer windows, main level laundry with 1/2 bath, all appliances, 20 x 17 heated sunroom that opens to 12 x 12 composite rear deck. Three car garage - 36 x 40, is heated, has full bath, and 28 x 12 and 12 x 12 upper level rooms. Home has fenced yard and additional 8 x 10 storage shed. Newer furnace & water heater.
Unit Size
1,467 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$115
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1890

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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 #11786534)

Price History

Date / Event Date Event Price
Aug 7, 2023 Sold
Premium
Sold
May 17, 2023 Listed by Windsor Realty $169,000
Listed by Windsor Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • 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: 10,019
  • Total Building Area: 1,467
  • Gross Building Area: 1,467
  • Building Area: 1,467
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,467
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLARK & UNDERHILL ADD
  • Land Acres: 0000000230
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: CLARK & UNDERHILL ADD TO MARSEILLES, E81' S125' LT 8 BLK 7 SEC 13-33-4

Neighborhood

  • School District Name: Marseilles Elementary School District 150
  • Census Tract: 962500

Geography

  • District: RU
  • Parcel: 15-49-406-016
  • Block: 7
  • Lot: 8
  • Meridian: SEC 13 TWN 33 RNG 04
  • Municipality: RUTLAND TOWNSHIP
  • Latitude: 41.3301
  • Longitude: -88.7115

    Address

  • Full Address: 271 Pacific St
  • Address - House Number: 271
  • Address - Street Name: Pacific
  • Address - Suffix Type: St
  • State: IL
  • City Name: Marseilles
  • Carrier Code: C001
  • 4-Digit Zip Code: 1421
  • Zip Code: 61341

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: RU009

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 264,546
  • High Value: 371,688
  • Low Value: 157,403

    Market Valuation

  • Market Total Value: $140,814
  • Market Land Value: $20,085
  • Market Improvement Value: $120,729

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,938
  • Assessed Land Value: $6,695
  • Assessed Improvements Value: $40,243

    Sales

  • Current Sale Contract Date: Jul 19, 2023
  • Current Sale Recording Date: Jul 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2023-07151

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
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 Marseilles

Stats & Trends

Median Asking:

$168,000

Sale Price/ft²

$130

Below Asking

0.02%

Average Days on Market

49

Average Home Size

39159 ft²

Average Home Age

89.3 years

Currently For Sale

10 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: Jennie Lamb, Windsor Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11786534
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 271 Pacific Street built and last sold?
The property at 271 Pacific Street was built in 1890 and last sold on Jul 19, 2023 for $169,000.
How much is this home worth?
The estimated value of the home located at 271 Pacific Street is $0.
What are some comparable homes to 271 Pacific Street?
There are currently no comparable homes to 271 Pacific Street.
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