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Henry 61537
403 Richard Street
$75,000
● House - Off Market

403 Richard Street

Henry, IL 61537
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,008 Ft²
$541
Est. Monthly
27.51%
Cap Rate
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$79
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1920

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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

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,600
  • Total Building Area: 1,158
  • Gross Building Area: 1,158
  • Building Area: 1,158
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,158
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEACOCKS
  • Land Acres: 0000000441
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOTS 98, 99, 100 & 101 HOLMES & HEACOCKS ADD. LOT SIZE: 160 X 120

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 961200

Geography

  • Parcel: 03-16-259-010
  • Lot: 98-101
  • Municipality: HENRY
  • Latitude: 41.114
  • Longitude: -89.3548

    Address

  • Full Address: 403 Richard St
  • Address - House Number: 403
  • Address - Street Name: Richard
  • Address - Suffix Type: St
  • State: IL
  • City Name: Henry
  • Carrier Code: C001
  • 4-Digit Zip Code: 1232
  • Zip Code: 61537

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $119,420
  • Tax Rate Code Area: HE001

    Appraisal Valuation

  • Standard Deviation: 0.0846
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 93
  • Final Value: 55,366
  • High Value: 60,052
  • Low Value: 50,679

    Market Valuation

  • Market Total Value: $60,366
  • Market Land Value: $26,835
  • Market Improvement Value: $33,531

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,122
  • Assessed Land Value: $8,945
  • Assessed Improvements Value: $11,177

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Henry

Stats & Trends

Median Asking:

$128,500

Sale Price/ft²

$94

Below Asking

0.01%

Average Days on Market

62

Average Home Size

1550 ft²

Average Home Age

80.5 years

Currently For Sale

2 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: Jennifer Johnson, Real People Realty
Data Source: MRED, MLS# MRD12332065
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 Richard Street built and last sold?
The property at 403 Richard Street was built in 1920 and last sold on Apr 22, 2022 for $60,000.
How much is this home worth?
The estimated value of the home located at 403 Richard Street is $0.
What are some comparable homes to 403 Richard Street?
There are currently no comparable homes to 403 Richard Street.
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