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Winnebago 61102 Southwest
2907 Prairie Road
$130,000
● House - Off Market

2907 Prairie Road

Rockford, IL 61102
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,210 Ft²
$857
Est. Monthly
23.04%
Cap Rate

About This Property

Come see this unique sized property ready for someone to come in and make it their own. Featuring 4 beds, 2 bath, Office room, and a detached 3 car garage. This home has all the space to renovate and grow with loads of potential. Some rehab has been done but waiting for someones' finishing touches! NEW roof on home and garage (2024), NEW garage siding and framing (2024). New flooring and paint (2024). Sitting on 1.6 acres with all the roaming space to enjoy.
Unit Size
2,210 Ft²
Days on Market
-
Land Size
1.60 acres
Price per sqft
$68
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1900

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 24
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 825
  • Garage Type: 4
  • Garage Square Area: 768
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 69,696
  • Total Building Area: 3,035
  • Gross Building Area: 3,035
  • Building Area: 2,210
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,210
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: B A KNIGHTS SUBD OF WAXHAM FARM
  • Land Acres: 0000001600
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: B A KNIGHTS SUBD OF WAXHAM FARM EXC S50 FT FOR STREET ALL LOT 3 ACRES: 1.60

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 002200

Zoning

  • Zoning: AG

Geography

  • Account Number: 214C038
  • Parcel: 11-34-303-014
  • Lot: 3
  • Municipality: ROCKFORD
  • Latitude: 42.2412
  • Longitude: -89.111

    Address

  • Full Address: 2907 Prairie Rd
  • Address - House Number: 2907
  • Address - Street Name: Prairie
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rockford
  • Carrier Code: C014
  • 4-Digit Zip Code: 3959
  • Zip Code: 61102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $129,434
  • Tax Rate Code Area: 066

    Appraisal Valuation

  • Standard Deviation: 0.2731
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 60
  • Final Value: 112,700
  • High Value: 143,484
  • Low Value: 81,916

    Market Valuation

  • Market Total Value: $74,268
  • Market Land Value: $4,080
  • Market Improvement Value: $70,188

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,756
  • Assessed Land Value: $1,360
  • Assessed Improvements Value: $23,396

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 06, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4747
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 Southwest

Stats & Trends

Median Asking:

$109,900

Sale Price/ft²

$87

Below Asking

0.02%

Average Days on Market

43

Average Home Size

956 ft²

Average Home Age

103.6 years

Currently For Sale

13 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: Jeanette Solis, Smart Home Realty
Data Source: MRED, MLS# MRD12141168
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 2907 Prairie Road built and last sold?
The property at 2907 Prairie Road was built in 1900 and last sold on Mar 1, 2024 for $40,000.
How much is this home worth?
The estimated value of the home located at 2907 Prairie Road is $154,854.
What are some comparable homes to 2907 Prairie Road?
There are currently no comparable homes to 2907 Prairie Road.
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