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Marengo 60152
316 1st Avenue
$175,000
● House - Off Market

316 1st Avenue

Marengo, IL 60152
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,500 Ft²
$188,348
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Welcome Home! This gorgeous two story home is sure to give you that true "Home" feel. Recently remodeled. This home boasts features such as a new kitchen, new bath, a lot of updates, a privacy fence, and is located near downtown Marengo! Don't wait, price drop to sell! Schedule your showing today.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$120
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
-

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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: 2 years ago (MRED MLS #11457013)

Price History

Date / Event Date Event Price
Oct 21, 2022 Sold
Premium
Sold
Jul 11, 2022 Listed by Keller Williams Inspire $180,000
Listed by Keller Williams Inspire

Property Highlights

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
  • Living Units: 1
  • 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: 4,340
  • 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: SYNDICATE ADDN
  • Land Acres: 0000000100
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0037682 W1/2 LT 8 BLK 6 SYNDICATE ADDN

Neighborhood

  • School District Name: Marengo Community High School District 154
  • Census Tract: 871003

Geography

  • Parcel: 11-25-361-008
  • Block: 6
  • Lot: 8
  • Municipality: MARENGO TWP
  • Latitude: 42.2562
  • Longitude: -88.6053

    Address

  • Full Address: 316 1st Ave
  • Address - House Number: 316
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Marengo
  • Carrier Code: C003
  • 4-Digit Zip Code: 2402
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $330,888
  • Tax Rate Code Area: 11001

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 188,361
  • High Value: 222,508
  • Low Value: 154,214

    Market Valuation

  • Market Total Value: $128,661
  • Market Land Value: $29,751
  • Market Improvement Value: $98,910

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,887
  • Assessed Land Value: $9,917
  • Assessed Improvements Value: $32,970

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Nov 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 37682
  • Previous Sale Recording Date: Apr 15, 2016
  • Previous Sale Contract Date: Mar 28, 2016
  • Previous Sale Amount: $88,000
  • 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 Marengo

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$179

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1597 ft²

Average Home Age

45.2 years

Currently For Sale

18 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

Unit for rent at 1215 Stonegate Drive, Marengo, IL, 60152

$3,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,589 ft²
1215 Stonegate Drive, Marengo, IL, 60152 Listing by Jorel Kilcullen

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brian Gentzle, Keller Williams Inspire
Last Updated: 2 years ago
Data Source: MRED, MLS# 11457013
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 316 1st Avenue built and last sold?
The property at 316 1st Avenue was built in and last sold on Oct 21, 2022 for $175,000.
How much is this home worth?
The estimated value of the home located at 316 1st Avenue is $0.
What are some comparable homes to 316 1st Avenue?
There are currently no comparable homes to 316 1st Avenue.
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