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Colfax 61728
403 Sunset Drive
$262,250
● House - Off Market

403 Sunset Drive

Colfax, IL 61728
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,600 Ft²
$1,706
Est. Monthly
11.98%
Cap Rate

About This Property

Located in Colfax, this spacious 4 bedroom, 3.5 bath ranch homes sits on a generous lot and offers an oversized 2 car garage with a large bump-out perfect for extra storage, a workshop or recreational gear.  Large basement has a full finished bath and the 4th bedroom along with a tremendous area that can be finished for a large family and rec room space.
Unit Size
3,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$71
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
2001

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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: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 816
  • Parking Space Count: 3
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,859
  • Total Building Area: 1,502
  • Gross Building Area: 1,502
  • Building Area: 1,502
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,502
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERVIEW ESTATES
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 RIVERVIEW ESTATES REUSB LOT 1

Neighborhood

  • School District Name: Ridgeview Community Unit School District 19
  • Census Tract: 005601

Geography

  • District: 21
  • Parcel: 17-03-478-006
  • Lot: 2,1
  • Meridian: SEC 03 TWN 24N RNG 05E
  • Municipality: MARTIN
  • Latitude: 40.5614
  • Longitude: -88.6146

    Address

  • Full Address: 403 Sunset Dr
  • Address - House Number: 403
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Colfax
  • Carrier Code: R004
  • 4-Digit Zip Code: 9394
  • Zip Code: 61728

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $494,440
  • Tax Rate Code Area: 2101

    Appraisal Valuation

  • Standard Deviation: 0.1546
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 229,029
  • High Value: 264,454
  • Low Value: 193,604

    Market Valuation

  • Market Total Value: $175,350
  • Market Land Value: $16,827
  • Market Improvement Value: $158,523

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,450
  • Assessed Land Value: $5,609
  • Assessed Improvements Value: $52,841

    Sales

  • Current Sale Contract Date: Sep 28, 2018
  • Current Sale Recording Date: Oct 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-00016588
  • Previous Sale Recording Date: May 09, 2011
  • Previous Sale Contract Date: Apr 29, 2011
  • Previous Sale Amount: $108,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Colfax

Stats & Trends

Median Asking:

$182,000

Sale Price/ft²

$91

Below Asking

0.02%

Average Days on Market

49

Average Home Size

2096 ft²

Average Home Age

40.7 years

Currently For Sale

3 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: Jacqui Miller, Keller Williams Revolution
Data Source: MRED, MLS# MRD12436791
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 Sunset Drive built and last sold?
The property at 403 Sunset Drive was built in 2001 and last sold on Sep 28, 2018 for $160,000.
How much is this home worth?
The estimated value of the home located at 403 Sunset Drive is $257,550.
What are some comparable homes to 403 Sunset Drive?
There are currently no comparable homes to 403 Sunset Drive.
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