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Rockford 61101 Townview
3311 HANOVER Drive
$135,000
● House - Off Market

3311 HANOVER Drive

Rockford, IL 61101
bedrooms
3 Beds
bathrooms
1 Bath
square feet
936 Ft²
$733
Est. Monthly

About This Property

Charming 3 bedroom ranch offering comfortable single level living. This home features a functional layout with three bedrooms, one full bath, and a 1 car attached garage for added convenience. Enjoy outdoor living in the fully fenced backyard complete with a firepit. A screened porch off the back provides a great space to unwind while enjoying fresh air. Additional storage is available with a backyard shed. Come see this one before it is sold!
Unit Size
936 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$134
Property Type
House
Property Taxes
$119
HOA Dues
-
Year Built
1961

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 936
  • Garage Type: 1
  • Garage Square Area: 299
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 610
  • Total Building Area: 2,171
  • Gross Building Area: 2,171
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWNE VIEW SUB PLAT 2
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: TOWNE VIEW SUB PLAT 2 PT NE 1/4 NE 1/4SEC 10-44-1 LOT 094

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003602

Zoning

  • Zoning: R1

Geography

  • Parcel: 11-10-230-007
  • Lot: 094
  • Meridian: SEC 10 TWN 44 RANGE 1
  • Municipality: ROCKFORD
  • Latitude: 42.3085
  • Longitude: -89.0985

    Address

  • Full Address: 3311 Hanover Dr
  • Address - House Number: 3311
  • Address - Street Name: Hanover
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rockford
  • Carrier Code: C015
  • 4-Digit Zip Code: 2731
  • Zip Code: 61101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $109,934
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2697
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 80,321
  • High Value: 101,988
  • Low Value: 58,653

    Market Valuation

  • Market Total Value: $39,153
  • Market Land Value: $10,644
  • Market Improvement Value: $28,509

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $13,051
  • Assessed Land Value: $3,548
  • Assessed Improvements Value: $9,503

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 37360
  • Previous Sale Recording Date: Dec 15, 2016
  • Previous Sale Contract Date: Dec 12, 2016
  • Previous Sale Document Type: 36
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 Northwest

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$104

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1181 ft²

Average Home Age

93.6 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 3228 Idlewood Terrace, Rockford, IL, 61101

$1,600 /mo

  • 3 Beds
  • 1 Bath
  • 925 ft²
3228 Idlewood Terrace, Rockford, IL, 61101 Listing by Aiza Lopez
Unit for rent at 1619 Evergreen Street, Rockford, IL, 61101

$1,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,129 ft²
1619 Evergreen Street, Rockford, IL, 61101 Listing by Cristina Acevedo

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lynsey Faraher, Dickerson & Nieman Realtors - Rockford
Data Source: MRED, MLS# MRD12618496
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 3311 Hanover Drive built and last sold?
The property at 3311 Hanover Drive was built in 1961 and last sold on Dec 15, 2022 for $95,000.
How much is this home worth?
The estimated value of the home located at 3311 Hanover Drive is $124,621.
What are some comparable homes to 3311 Hanover Drive?
There are currently no comparable homes to 3311 Hanover Drive.
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