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Belvidere 61008
403 Lynne Lane
$142,000
● House - Off Market

403 Lynne Lane

BELVIDERE, IL 61008
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,260 Ft²
$292,595
RealtyHop Estimate
95.19%
Since Oct 1, 2008
National-US
Primary Model

About This Property

Spacious Partial Brick Ranch located in Great area on corner lot.  This unique style ranch features 3 large separate bedrooms, huge eat-in kitchen, hardwood floors in bedrooms, hall & foyer, new ceramic tile tub surround, newer furnace & air and nicely finished basement with pergo flooring, 1/2 bath and large utility area with lots of storage.  Home Warranty Included.  It's a must to see!
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$119
Property Type
House
Property Taxes
$230
HOA Dues
-
Year Built
1965

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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: 1965
  • Effective Year Built: 1975
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,260
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,906
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 780
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APPLETON MEADOWS
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 26-44-3 LOT 71 APPLETON MEADOWS 403 LYNNE LN

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010101

Geography

  • Account Number: 05-05-26-104-010
  • District: 050
  • Parcel: 05-26-104-010
  • Lot: 71
  • Municipality: BELVIDERE
  • Latitude: 42.2667
  • Longitude: -88.8581

    Address

  • Full Address: 403 Lynne Ln
  • Address - House Number: 403
  • Address - Street Name: Lynne
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Belvidere
  • Carrier Code: C012
  • 4-Digit Zip Code: 2419
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $314,010

    Appraisal Valuation

  • Standard Deviation: 0.134
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 84
  • Final Value: 151,529
  • High Value: 171,844
  • Low Value: 131,214

    Market Valuation

  • Market Total Value: $130,269
  • Market Land Value: $20,478
  • Market Improvement Value: $109,791

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,423
  • Assessed Land Value: $6,826
  • Assessed Improvements Value: $36,597

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2008
  • Current Sale Recording Date: Sep 15, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 000000007833
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:

$224,950

Sale Price/ft²

$145

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1610 ft²

Average Home Age

51.1 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

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MRED

Listed by: Angie Wait, Whitehead Inc. Realtors
Data Source: MRED, MLS# MRD06759350
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 403 Lynne Lane built and last sold?
The property at 403 Lynne Lane was built in 1965 and last sold on Sep 15, 2008 for $142,000.
How much is this home worth?
The estimated value of the home located at 403 Lynne Lane is $158,069.
What are some comparable homes to 403 Lynne Lane?
There are currently no comparable homes to 403 Lynne Lane.
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