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Downs 61736
307 N Cleveland Street
$125,520
● House - Off Market

307 N Cleveland Street

Downs, IL 61736
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,164 Ft²
$146,563
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Nice 3-Bedroom, 1.5 Bath ranch in Downs! Home situated on a corner lot in Tri-Valley school district. Spacious family room. New paint and carpet in bedrooms. Spend time on the large patio around back enjoying the large yard. 2-car detached garage perfect for storage in the winter!
Unit Size
1,164 Ft²
Days on Market
-
Land Size
-
Price per sqft
$116
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1954

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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 #11279453)

Price History

Date / Event Date Event Price
Jan 12, 2022 Sold
Premium
Sold
Dec 1, 2021 Listed by Core 3 Property Management $135,500
Listed by Core 3 Property Management

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 11,761
  • Total Building Area: 1,164
  • Gross Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,164
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DO WELL SUB
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: DO WELL SUB LOT 14 BLK 1

Neighborhood

  • School District Name: Tri-Valley Community Unit School District 3
  • Census Tract: 005401

Geography

  • District: 13
  • Parcel: 29-04-211-029
  • Block: 1
  • Lot: 14
  • Municipality: DOWNS
  • Latitude: 40.3987
  • Longitude: -88.8694

    Address

  • Full Address: 307 N Cleveland St
  • Address - House Number: 307
  • Street Direction: N
  • Address - Street Name: Cleveland
  • Address - Suffix Type: St
  • State: IL
  • City Name: Downs
  • Carrier Code: R004
  • 4-Digit Zip Code: 9523
  • Zip Code: 61736

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $257,836
  • Tax Rate Code Area: 1301

    Appraisal Valuation

  • Standard Deviation: 0.2023
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 72
  • Final Value: 147,763
  • High Value: 177,661
  • Low Value: 117,865

    Market Valuation

  • Market Total Value: $103,911
  • Market Land Value: $23,328
  • Market Improvement Value: $80,583

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,637
  • Assessed Land Value: $7,776
  • Assessed Improvements Value: $26,861

    Sales

  • Current Sale Contract Date: Jan 12, 2022
  • Current Sale Recording Date: Jan 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1565
  • Previous Sale Recording Date: Oct 12, 2021
  • Previous Sale Contract Date: Oct 05, 2021
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: 71
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 Downs

Stats & Trends

Median Asking:

$289,500

Sale Price/ft²

$136

Below Asking

0.04%

Average Days on Market

41

Average Home Size

2599 ft²

Average Home Age

82 years

Currently For Sale

2 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: Sam Starkey, Core 3 Property Management
Last Updated: 3 years ago
Data Source: MRED, MLS# 11279453
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 North Cleveland Street built and last sold?
The property at 307 North Cleveland Street was built in 1954 and last sold on Jan 12, 2022 for $126,000.
How much is this home worth?
The estimated value of the home located at 307 North Cleveland Street is $137,614.
What are some comparable homes to 307 North Cleveland Street?
There are currently no comparable homes to 307 North Cleveland Street.
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