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Boone 61008
2793 Stone Quarry Road
$180,000
● House - Off Market

2793 Stone Quarry Road

Belvidere, IL 61008
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,962 Ft²
$1,107
Est. Monthly
24.70%
Cap Rate

About This Property

Investors and rehabbers come quickly!  This home has so much potential!  Large home with so much space!  Living room with fireplace.    Family room with fireplace and slider to backyard.  Breezeway between garage and home could be rec room. 4 good sized bedrooms upstairs with full bath or 3 bedrooms and a large walk in closet.   Large detached garage.   Home needs work but has so much potential and on over an acre lot!
Unit Size
1,962 Ft²
Days on Market
-
Land Size
1.22 acres
Price per sqft
$71
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1920

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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 #12197440)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Nov 14, 2024 In contract -
In contract
Oct 25, 2024 Listed by RE/MAX Suburban $139,950
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2003
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,014
  • Garage Type: 10
  • Garage Square Area: 1,953
  • Parking Space Count: 7
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,143
  • Lot Size Depth Feet: 2,680
  • Lot Size Frontage Feet: 1,800
  • Total Building Area: 1,962
  • Building Area: 1,962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,962
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BANKS SUB
  • Land Acres: 0000001220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 23-43-3 LOT 2 BANKS SUB 2793 STONE QUARRY RD 180 X 268

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Account Number: 07-07-23-100-008
  • District: 070
  • Parcel: 07-23-100-008
  • Lot: 2
  • Municipality: FLORA
  • Latitude: 42.196
  • Longitude: -88.8607

    Address

  • Full Address: 2793 Stone Quarry Rd
  • Address - House Number: 2793
  • Address - Street Name: Stone Quarry
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R005
  • 4-Digit Zip Code: 8322
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $468,498

    Appraisal Valuation

  • Standard Deviation: 0.1467
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 82
  • Final Value: 287,080
  • High Value: 329,206
  • Low Value: 244,954

    Market Valuation

  • Market Total Value: $193,848
  • Market Land Value: $50,181
  • Market Improvement Value: $143,667

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,616
  • Assessed Land Value: $16,727
  • Assessed Improvements Value: $47,889

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 30, 1991
  • Current Sale Recording Date: Jul 30, 1991
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 000000003542
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 Boone

Stats & Trends

Median Asking:

$280,000

Sale Price/ft²

$154

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2318 ft²

Average Home Age

40.8 years

Currently For Sale

64 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: Karen Goins, RE/MAX Suburban
Last Updated: 2 years ago
Data Source: MRED, MLS# 12197440
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 2793 Stone Quarry Road built and last sold?
The property at 2793 Stone Quarry Road was built in 1920 and last sold on Jul 30, 1991 for $57,333.
How much is this home worth?
The estimated value of the home located at 2793 Stone Quarry Road is $150,954.
What are some comparable homes to 2793 Stone Quarry Road?
There are currently no comparable homes to 2793 Stone Quarry Road.
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