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Rockford 61101 Northwest
3521 Merriott Drive
$167,000
● House - Off Market

3521 Merriott Drive

Rockford, IL 61101
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,688 Ft²
$159,464
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

2 Bedroom, 2 Bath, Ranch. All stainless steel appliances stay. 17' x 14' deck, fenced backyard and storage shed. Attached 2car garage.
Unit Size
1,688 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$95
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1993

Payment Calculator

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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 #11783832)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
May 15, 2023 Listed by Re/Max Property Source $159,900
Listed by Re/Max Property Source

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • 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: 9
  • Basement Type: 6
  • Basement Area: 1,688
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 778
  • Total Building Area: 3,816
  • Gross Building Area: 3,816
  • Building Area: 1,809
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,809
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAT NO 12 GLENNY VIEW SUB
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: PLAT NO 12 GLENNY VIEW SUB BNG PT SW1/4 SEC 3-44-1 LOT 25

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Parcel: 11-03-330-010
  • Lot: 25
  • Meridian: SEC 3 TWN 44 RANGE 1
  • Municipality: ROCKFORD
  • Latitude: 42.3137
  • Longitude: -89.1069

    Address

  • Full Address: 3521 Merriott Dr
  • Address - House Number: 3521
  • Address - Street Name: Merriott
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rockford
  • Carrier Code: C016
  • 4-Digit Zip Code: 9404
  • Zip Code: 61101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 64
  • Final Value: 171,929
  • High Value: 215,098
  • Low Value: 128,760

    Market Valuation

  • Market Total Value: $116,967
  • Market Land Value: $15,912
  • Market Improvement Value: $101,055

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,989
  • Assessed Land Value: $5,304
  • Assessed Improvements Value: $33,685

    Sales

  • Current Sale Contract Date: Jun 16, 2023
  • Current Sale Recording Date: Aug 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 18097
  • Previous Sale Recording Date: Mar 24, 2023
  • Previous Sale Contract Date: Mar 16, 2023
  • Previous Sale Amount: $114,500
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: ADJ
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

45

Average Home Size

1578 ft²

Average Home Age

87.8 years

Currently For Sale

21 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 2212 N Church Street, Rockford, IL, 61103

$1,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,227 ft²
2212 N Church Street, Rockford, IL, 61103 Listing by Katelyn Garcell

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Humpal, Re/Max Property Source
Last Updated: 3 years ago
Data Source: MRED, MLS# 11783832
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 3521 Merriott Drive built and last sold?
The property at 3521 Merriott Drive was built in 1993 and last sold on Jun 16, 2023 for $167,000.
How much is this home worth?
The estimated value of the home located at 3521 Merriott Drive is $0.
What are some comparable homes to 3521 Merriott Drive?
There are currently no comparable homes to 3521 Merriott Drive.
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