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Stillman Valley 61084
330 1st Light Drive
$280,000
● House - Off Market

330 1st Light Drive

Stillman Valley, IL 61084
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,704 Ft²
$1,597
Est. Monthly
7.81%
Cap Rate

About This Property

New Listing in the heart of Stillman Valley!  Touch of Class- This spacious split ranch floor plan includes 3-4 bedrooms and 3 bathrooms.  Adding to the beauty are the many new improvements in the great room which offers loads of room for the kitchen with its granite countertops and cabinets with custom built ash wood center island for optimal storage and entertaining. Sliders from the dining area to the large deck overlooking the backyard!   All main floor living offers easy living plus the fully finished lower level that hosts the huge recreation room, 4th bedroom, 3rd bath, kitchenette and workshop area with its own walk-in cooler! Many gorgeous updates throughout!! Highly rated Meridian school district, Conveniently located to I-39. All you have to do is move on in!
Unit Size
2,704 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$92
Property Type
House
Property Taxes
$369
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: 3 years ago (MRED MLS #11999017)

Price History

Date / Event Date Event Price
May 10, 2024 Sold
Premium
Sold
Mar 7, 2024 Listed by RE/MAX of Rock Valley $249,900
Listed by RE/MAX of Rock Valley

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: 12,055
  • 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: DAYBREAK SUB
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: LOT 23 DAYBREAK SUB

Neighborhood

  • School District Name: Meridian Community Unit School District 223
  • Census Tract: 961002

Geography

  • District: 13
  • Parcel: 10-01-378-005
  • Lot: 23
  • Municipality: MARION
  • Latitude: 42.1055
  • Longitude: -89.1734

    Address

  • Full Address: 330 1st Light Dr
  • Address - House Number: 330
  • Address - Street Name: 1st Light
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Stillman Valley
  • Carrier Code: R777
  • 4-Digit Zip Code: 9006
  • Zip Code: 61084

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $442,874
  • Tax Rate Code Area: 1340

    Appraisal Valuation

  • Standard Deviation: 0.1827
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 229,832
  • High Value: 271,846
  • Low Value: 187,819

    Market Valuation

  • Market Total Value: $176,163
  • Market Land Value: $34,296
  • Market Improvement Value: $141,867

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,721
  • Assessed Land Value: $11,432
  • Assessed Improvements Value: $47,289

    Sales

  • Current Sale Contract Date: Sep 23, 2016
  • Current Sale Recording Date: Sep 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201605377

    Financing

  • First Mortgage Financing Type: FIX
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 Stillman Valley

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$188

Below Asking

0.02%

Average Days on Market

40

Average Home Size

1576 ft²

Average Home Age

126 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: Carla Benesh, RE/MAX of Rock Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11999017
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 330 1st Light Drive built and last sold?
The property at 330 1st Light Drive was built in and last sold on Sep 23, 2016 for $675,000.
How much is this home worth?
The estimated value of the home located at 330 1st Light Drive is $0.
What are some comparable homes to 330 1st Light Drive?
There are currently no comparable homes to 330 1st Light Drive.
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