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Arrowsmith 61722
311 N Walnut Street
$45,000
● House - Off Market

311 N Walnut Street

Arrowsmith, IL 61722
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,174 Ft²
$51,696
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

This home has been in the family for years and ready for new owners. The HUGE lot used to be two parcels but is now conjoined into one.     Single attached garage stall with an additional 20 x 30 pole barn!  The home features a main level bedroom and 2 upstairs bedrooms. The full bathroom and kitchen feature newer cabinetry. High efficiency HVAC that was top of the line when installed. Plenty of storage. Windows are newer vinyl frames.   Efficient utilities and recently pumped septic system.
Unit Size
1,174 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$43
Property Type
House
Property Taxes
$24
HOA Dues
-
Year Built
1891

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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 #11256967)

Price History

Date / Event Date Event Price
Aug 19, 2022 Sold
Premium
Sold
Oct 27, 2021 Listed by RE/MAX Rising $50,000
Listed by RE/MAX Rising

Property Highlights

Garage
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1891
  • Effective Year Built: 1891
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 29
  • 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: 4
  • Garage Square Area: 610
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,174
  • Gross Building Area: 1,174
  • Building Area: 1,174
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,174
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: YOUNGS ADD
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: YOUNGS ADDITION TO ARROWSMITH LOT 6 BLK 4

Neighborhood

  • School District Name: Ridgeview Community Unit School District 19
  • Census Tract: 005602

Geography

  • District: 3
  • Parcel: 24-15-154-003
  • Block: 4
  • Lot: 6
  • Meridian: SEC 15 TWN 23N RNG 05E
  • Municipality: ARROWSMITH
  • Latitude: 40.4517
  • Longitude: -88.6302

    Address

  • Full Address: 311 N Walnut St
  • Address - House Number: 311
  • Street Direction: N
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Arrowsmith
  • Carrier Code: R777
  • 4-Digit Zip Code: 7532
  • Zip Code: 61722

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $17,232
  • Tax Rate Code Area: 301

    Appraisal Valuation

  • Standard Deviation: 0.1192
  • Valuation Date: May 31, 2023
  • Confidence Score: 76
  • Final Value: 216,372
  • High Value: 242,172
  • Low Value: 190,571

    Market Valuation

  • Market Total Value: $66,966
  • Market Land Value: $3,942
  • Market Improvement Value: $63,024

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $22,322
  • Assessed Land Value: $1,314
  • Assessed Improvements Value: $21,008

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Aug 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15422
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 Arrowsmith

Stats & Trends

Median Asking:

$141,250

Sale Price/ft²

$104

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1543 ft²

Average Home Age

156 years

Currently For Sale

1 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: Kyle Yap, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11256967
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 311 North Walnut Street built and last sold?
The property at 311 North Walnut Street was built in 1891 and last sold on Aug 19, 2022 for $70,333.
How much is this home worth?
The estimated value of the home located at 311 North Walnut Street is $52,970.
What are some comparable homes to 311 North Walnut Street?
There are currently no comparable homes to 311 North Walnut Street.
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