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Rockford 61109 CMC
3972 Old Gate Road
$167,000
● House - Off Market

3972 Old Gate Road

Rockford, IL 61109
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,396 Ft²
$181,781
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Great 2-story home located in desirable subdivision just outside of the city limits. Easy access to shopping and restaurants. This home offers a very nice floorplan that flows easily from one room to the next. See thru fireplace located between the kitchen and living room will add warmth and ambiance during the cold winter months. Newer SS appliance package. Gorgeous bamboo flooring through the entrance, dining room and kitchen. All 3 bedrooms are located on the 2nd floor. Fenced back yard features a tiered deck that is perfect for entertaining or just to relax and unwind. It won't take much to finish the basement that already has a wet-bar and gas fireplace. Roof(2013), Furnace(2015), A/C(2021), Water Heater(2021)
Unit Size
1,396 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$118
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
1996

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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 #11265114)

Price History

Date / Event Date Event Price
Dec 22, 2021 Sold
Premium
Sold
Nov 5, 2021 Listed by Century 21 Affiliated $165,000
Listed by Century 21 Affiliated

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 756
  • Parking Type: 1
  • Garage Type: 7
  • Garage Square Area: 640
  • Parking Space Count: 4
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,908
  • Gross Building Area: 2,908
  • Building Area: 2,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JEFFERSON RDG #2
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: JEFFERSON RIDGE NO 2 PT NE 1/4 SEC 18& PT NW1/4 SEC 17-43-2 LOT 73

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003706

Zoning

  • Zoning: R3

Geography

  • Parcel: 16-18-280-004
  • Lot: 73
  • Meridian: SEC 17 TWN 43 RANGE 2
  • Municipality: CHERRY VALLEY
  • Latitude: 42.2034
  • Longitude: -89.0389

    Address

  • Full Address: 3972 Old Gate Rd
  • Address - House Number: 3972
  • Address - Street Name: Old Gate
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rockford
  • Carrier Code: R014
  • 4-Digit Zip Code: 7304
  • Zip Code: 61109

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $486,518
  • Tax Rate Code Area: 127

    Appraisal Valuation

  • Standard Deviation: 0.2469
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 65
  • Final Value: 198,211
  • High Value: 247,151
  • Low Value: 149,271

    Market Valuation

  • Market Total Value: $149,526
  • Market Land Value: $20,937
  • Market Improvement Value: $128,589

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,842
  • Assessed Land Value: $6,979
  • Assessed Improvements Value: $42,863

    Sales

  • Current Sale Contract Date: Dec 16, 2021
  • Current Sale Recording Date: Dec 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 46433
  • Previous Sale Recording Date: Dec 28, 2021
  • Previous Sale Contract Date: Nov 16, 2021
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: 71
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 CMC

Stats & Trends

Median Asking:

$240,000

Sale Price/ft²

$143

Below Asking

0.03%

Average Days on Market

37

Average Home Size

1964 ft²

Average Home Age

35.1 years

Currently For Sale

0 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: Amber Andreen, Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MRED, MLS# 11265114
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 3972 Old Gate Road built and last sold?
The property at 3972 Old Gate Road was built in 1996 and last sold on Dec 16, 2021 for $167,000.
How much is this home worth?
The estimated value of the home located at 3972 Old Gate Road is $0.
What are some comparable homes to 3972 Old Gate Road?
There are currently no comparable homes to 3972 Old Gate Road.
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