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Cherry Valley 61016
3234 Valley Woods Drive
$277,000
● House - Off Market

3234 Valley Woods Drive

Cherry Valley, IL 61016
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,571 Ft²
$289,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Stunning well-maintained ranch home boasts 3 bedrooms, 3 full bathrooms, a 3-car garage, and even a delightful screened-in porch.  Nestled on a gorgeous mature lot, it also features an outdoor shed for extra storage. The open concept layout with large kitchen and island. Cozy up to the wood burning fireplace on cold winter nights. Bedrooms have brand new carpet. Master has en-suite bathroom and his/hers closets. Home has a full basement with a finished lower level perfect for entertaining. Unbelievable 14x24 shop with water and electric perfect for someone who needs space for hobbies or work from home. Newer roof (2016) and brand new A/C. Quiet street in a well established neighborhood only mins to the expressway, shopping and parks!
Unit Size
1,571 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$184
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1987

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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 #11894583)

Price History

Date / Event Date Event Price
Nov 27, 2023 Sold
Premium
Sold
Oct 6, 2023 Listed by Baird & Warner Fox Valley - Geneva $289,000
Listed by Baird & Warner Fox Valley - Geneva

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,571
  • Parking Type: 1
  • Garage Type: 7
  • Garage Square Area: 713
  • Parking Space Count: 4
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,142
  • Gross Building Area: 3,142
  • Building Area: 3,142
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,142
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIXONS VALLEY WOODS
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: DIXONS VALLEY WOODS PT NE1/4 SEC 2-43-2 LT 6 & S E HALLS SUB PT NW1/4 SEC 1& PT NE1/4 SEC 2-43-2 BEG SE COR SAIDLT 6 SE 150.43 FT NE 192.26 FT NW 150.

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003705

Zoning

  • Zoning: R1 - SINGL

Geography

  • Parcel: 16-02-229-024
  • Lot: 6
  • Meridian: SEC 2 TWN 43 RANGE 2
  • Municipality: CHERRY VALLEY
  • Latitude: 42.236
  • Longitude: -88.9614

    Address

  • Full Address: 3234 Valley Woods Dr
  • Address - House Number: 3234
  • Address - Street Name: Valley Woods
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Cherry Valley
  • Carrier Code: R063
  • 4-Digit Zip Code: 9424
  • Zip Code: 61016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 119

    Appraisal Valuation

  • Standard Deviation: 0.1197
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 87
  • Final Value: 290,169
  • High Value: 324,914
  • Low Value: 255,424

    Market Valuation

  • Market Total Value: $200,664
  • Market Land Value: $48,396
  • Market Improvement Value: $152,268

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,888
  • Assessed Land Value: $16,132
  • Assessed Improvements Value: $50,756

    Sales

  • Current Sale Contract Date: Dec 01, 2023
  • Current Sale Recording Date: Dec 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28767
  • Previous Sale Recording Date: Nov 20, 2006
  • Previous Sale Contract Date: Nov 20, 2006
  • Previous Sale Amount: $208,000
  • Previous Sale Document Type: 27
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 Cherry Valley

Stats & Trends

Median Asking:

$299,950

Sale Price/ft²

$152

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2056 ft²

Average Home Age

40.3 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Meg Whitted, Baird & Warner Fox Valley - Geneva
Last Updated: 3 years ago
Data Source: MRED, MLS# 11894583
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 3234 Valley Woods Drive built and last sold?
The property at 3234 Valley Woods Drive was built in 1987 and last sold on Dec 1, 2023 for $277,000.
How much is this home worth?
The estimated value of the home located at 3234 Valley Woods Drive is $291,778.
What are some comparable homes to 3234 Valley Woods Drive?
There are currently no comparable homes to 3234 Valley Woods Drive.
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