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Belvidere 61008
331 Elder Lane
$66,000
● House - Off Market

331 Elder Lane

Belvidere, IL 61008
bedrooms
4 Beds
bathrooms
2 Baths
$77,094
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

4 Bedrooms, 2 full baths, 2 car garage.  Be ready to enjoy this affordable home located in The Four Seasons community.  Enjoy this clean, quiet, and desirable location.  Walking distance to essential stores and facilities.  This modern home features an open space concept with everything up to the new standards.    Seller offers financing, fast approval available.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$13
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 #10957929)

Price History

Date / Event Date Event Price
Oct 1, 2021 Sold
Premium
Sold
Dec 22, 2020 Listed by Apreda Real Estate Services $68,500
Listed by Apreda Real Estate Services

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 0
  • Total Building Area: 1,715
  • Building Area: 1,715
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,715
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1006
  • Mobile Home Indicator: T

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010300

Geography

  • Parcel: 7002200331
  • Municipality: FLORA
  • Latitude: 42.2394
  • Longitude: -88.8489

    Address

  • Full Address: 331 Elder Ln
  • Address - House Number: 331
  • Address - Street Name: Elder
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R002
  • 4-Digit Zip Code: 8224
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,290

    Appraisal Valuation

  • Standard Deviation: 0.132
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 84
  • Final Value: 65,179
  • High Value: 73,788
  • Low Value: 56,570

    Assessments Valuation

  • Assessed Year: 2022
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 Belvidere

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$147

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1654 ft²

Average Home Age

48.9 years

Currently For Sale

16 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

Rentals Near You

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MRED

Listed by: Martin Hernandez, Apreda Real Estate Services
Last Updated: 3 years ago
Data Source: MRED, MLS# 10957929
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 331 Elder Lane built and last sold?
The property at 331 Elder Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 331 Elder Lane is $0.
What are some comparable homes to 331 Elder Lane?
There are currently no comparable homes to 331 Elder Lane.
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