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Marseilles 61341
404 North Street
$250,000
● House - Off Market

404 North Street

Marseilles, IL 61341
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,796 Ft²
$268,316
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Three bedroom, two bath brick ranch home in Marseilles.  This one owner home is just minutes from I-80.  Family room with wood burning fireplace.  Eat-in kitchen and separate dining room.  Vaulted ceilings.  Two car attached garage.  Basement features large workshop area. Whole house fan. Home situated on a large half acre lot. Three sheds allow for extra storage.
Unit Size
1,796 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1976

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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 #11820230)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jun 29, 2023 Listed by Coldwell Banker Real Estate Group $270,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • 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: 23,522
  • Total Building Area: 1,796
  • Gross Building Area: 1,796
  • Building Area: 1,796
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,796
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LATIMERS SUB
  • Land Acres: 0000000540
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LATIMERS SUBD OF LOT 7 IN R CLARKS ADDN TO MARS-LOT 3

Neighborhood

  • School District Name: Miller Township Community Consolidated School District
  • Census Tract: 962500

Geography

  • District: RU
  • Parcel: 15-49-203-030
  • Lot: 7-3
  • Municipality: RUTLAND TOWNSHIP
  • Latitude: 41.3372
  • Longitude: -88.711

    Address

  • Full Address: 404 North St
  • Address - House Number: 404
  • Address - Street Name: North
  • Address - Suffix Type: St
  • State: IL
  • City Name: Marseilles
  • Carrier Code: C003
  • 4-Digit Zip Code: 1182
  • Zip Code: 61341

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: RU009

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 72
  • Final Value: 248,729
  • High Value: 299,219
  • Low Value: 198,239

    Market Valuation

  • Market Total Value: $194,118
  • Market Land Value: $29,286
  • Market Improvement Value: $164,832

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,706
  • Assessed Land Value: $9,762
  • Assessed Improvements Value: $54,944

    Sales

  • Current Sale Contract Date: Sep 01, 2023
  • Current Sale Recording Date: Sep 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2023-09082

    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 Marseilles

Stats & Trends

Median Asking:

$169,900

Sale Price/ft²

$134

Below Asking

0.01%

Average Days on Market

49

Average Home Size

33006 ft²

Average Home Age

87.3 years

Currently For Sale

12 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: Cortney Kaufman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11820230
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 404 North Street built and last sold?
The property at 404 North Street was built in 1976 and last sold on Sep 1, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 404 North Street is $272,923.
What are some comparable homes to 404 North Street?
There are currently no comparable homes to 404 North Street.
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