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El Paso 61738
397 W Fourth Street
$143,000
● House - Off Market

397 W Fourth Street

El Paso, IL 61738
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,868 Ft²
$150,576
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Updated 3 Bedroom Tri-level Home on Edge of Town. Covered Front Porch and new landscaping. Large living room with lots of natural light. Eat-in kitchen with newer cabinets, hardwood floors, and standard appliance package. On the second level is the master bedroom, 2 additional bedrooms, and a large main bath. The bedrooms are carpeted and have spacious closets. On the lower level is a cozy family room with a wood-burning fireplace, a second bath, and a laundry/storage area. Outside you have a private backyard, concrete patio, and 2 storage sheds. No backyard neighbors! Updates include Air Conditioning (2021), Vinyl siding & gutters (2019), New kitchen (2016), Hardwood floors (2016), Interior doors and trim (2016), Boiler (2014), and Vinyl windows (2014). Must See!
Unit Size
1,868 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$77
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1961

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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 #11303837)

Price History

Date / Event Date Event Price
Feb 24, 2022 Sold
Premium
Sold
Jan 13, 2022 Listed by Keller Williams Revolution $143,000
Listed by Keller Williams Revolution

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,213
  • Gross Building Area: 1,213
  • Building Area: 1,213
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,213
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGIN
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: T26N - R2E - S05 W 100FT LOT 2C BLK 9 ORIGINAL TOWN

Neighborhood

  • School District Name: El Paso-Gridley Community Unit School District 11
  • Census Tract: 030700

Geography

  • District: 16
  • Parcel: 16-05-300-007
  • Block: 9
  • Lot: 2C
  • Meridian: SEC 05 TWN 26N RNG 02E
  • Municipality: EL PASO
  • Latitude: 40.7426
  • Longitude: -89.022

    Address

  • Full Address: 397 W 4th St
  • Address - House Number: 397
  • Street Direction: W
  • Address - Street Name: 4th
  • Address - Suffix Type: St
  • State: IL
  • City Name: El Paso
  • Carrier Code: C002
  • 4-Digit Zip Code: 1044
  • Zip Code: 61738

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $365,892
  • Tax Rate Code Area: 16004

    Appraisal Valuation

  • Standard Deviation: 0.2501
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 64
  • Final Value: 169,273
  • High Value: 211,609
  • Low Value: 126,937

    Market Valuation

  • Market Total Value: $147,435
  • Market Land Value: $23,838
  • Market Improvement Value: $123,597

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,145
  • Assessed Land Value: $7,946
  • Assessed Improvements Value: $41,199

    Sales

  • Current Sale Contract Date: Feb 24, 2022
  • Current Sale Recording Date: Mar 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 823
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 El Paso

Stats & Trends

Median Asking:

$189,000

Sale Price/ft²

$93

Below Asking

0.02%

Average Days on Market

49

Average Home Size

1489 ft²

Average Home Age

56.8 years

Currently For Sale

5 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: Jeff Reedy, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11303837
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 397 West 4th Street built and last sold?
The property at 397 West 4th Street was built in 1961 and last sold on Feb 24, 2022 for $143,000.
How much is this home worth?
The estimated value of the home located at 397 West 4th Street is $0.
What are some comparable homes to 397 West 4th Street?
There are currently no comparable homes to 397 West 4th Street.
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