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Rock Falls 61071
307 7th Avenue
$60,000
● House - Off Market

307 7th Avenue

Rock Falls, IL 61071
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
978 Ft²
$66,398
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Alley access, heated detached one car garage with storage area and newer siding, roof 8 years old, hardwood floors, half bath in basement with toy room and bedroom.  Water heater 9/2021
Unit Size
978 Ft²
Days on Market
-
Land Size
-
Price per sqft
$66
Property Type
House
Property Taxes
$213
HOA Dues
-
Year Built
-

Payment Calculator

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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.

Last updated: 3 years ago (MRED MLS #11398989)

Price History

Date / Event Date Event Price
Jul 22, 2022 Sold
Premium
Sold
May 9, 2022 Listed by Patty Martinez Managing Broker $64,900
Listed by Patty Martinez Managing Broker

Property Highlights

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: 7,008
  • Lot Size Depth Feet: 1,460
  • Lot Size Frontage Feet: 480
  • 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
  • Subdivision: A L MERRILLS RESUB
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: A L MERRILLS RESUB LOT 9 BLK 36 101500X

Neighborhood

  • School District Name: Rock Falls Elementary School District 13
  • Census Tract: 001500

Geography

  • Account Number: 112432
  • District: 11
  • Parcel: 1128403010
  • Block: 36
  • Lot: 9
  • Municipality: COLOMA
  • Latitude: 41.778
  • Longitude: -89.6974

    Address

  • Full Address: 307 7th Ave
  • Address - House Number: 307
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rock Falls
  • Carrier Code: C001
  • 4-Digit Zip Code: 1128
  • Zip Code: 61071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $265,434
  • Tax Rate Code Area: 01110

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 62,375
  • High Value: 70,144
  • Low Value: 54,605

    Market Valuation

  • Market Total Value: $68,862
  • Market Land Value: $14,160
  • Market Improvement Value: $54,702

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,954
  • Assessed Land Value: $4,720
  • Assessed Improvements Value: $18,234

    Sales

  • Current Sale Contract Date: Jul 20, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4480
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 Rock Falls

Stats & Trends

Median Asking:

$120,000

Sale Price/ft²

$98

Below Asking

0.03%

Average Days on Market

45

Average Home Size

1166 ft²

Average Home Age

74.4 years

Currently For Sale

17 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: Patty Martinez, Patty Martinez Managing Broker
Last Updated: 3 years ago
Data Source: MRED, MLS# 11398989
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 307 7th Avenue built and last sold?
The property at 307 7th Avenue was built in and last sold on Jul 20, 2022 for $60,000.
How much is this home worth?
The estimated value of the home located at 307 7th Avenue is $0.
What are some comparable homes to 307 7th Avenue?
There are currently no comparable homes to 307 7th Avenue.
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