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Danvers 61732
405 W Exchange Street
$169,100
● House - Off Market

405 W Exchange Street

Danvers, IL 61732
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,080 Ft²
$181,632
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Presold
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$148
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1972

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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 #11173650)

Price History

Date / Event Date Event Price
Sep 24, 2021 Sold
Premium
Sold
Aug 3, 2021 Listed by RE/MAX Rising $160,000
Listed by RE/MAX Rising

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • 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: 480
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,080
  • Gross Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MAURER ADD
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE MAURER ADD (PT NE NW 23-24-1W ) LOT 5

Neighborhood

  • School District Name: Olympia Community Unit School District 16
  • Census Tract: 005202

Geography

  • District: 11
  • Parcel: 12-23-130-015
  • Lot: 5
  • Meridian: SEC 23 TWN 24N RNG 01W
  • Municipality: DANVERS
  • Latitude: 40.5282
  • Longitude: -89.1825

    Address

  • Full Address: 405 W Exchange St
  • Address - House Number: 405
  • Street Direction: W
  • Address - Street Name: Exchange
  • Address - Suffix Type: St
  • State: IL
  • City Name: Danvers
  • Carrier Code: R002
  • 4-Digit Zip Code: 9265
  • Zip Code: 61732

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $344,722
  • Tax Rate Code Area: 1101

    Appraisal Valuation

  • Standard Deviation: 0.228
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 187,468
  • High Value: 230,229
  • Low Value: 144,707

    Market Valuation

  • Market Total Value: $126,240
  • Market Land Value: $20,289
  • Market Improvement Value: $105,951

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,080
  • Assessed Land Value: $6,763
  • Assessed Improvements Value: $35,317

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00023485
  • Previous Sale Recording Date: Nov 04, 2020
  • Previous Sale Contract Date: Jul 23, 2014
  • Previous Sale Amount: $114,000
  • 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 Danvers

Stats & Trends

Median Asking:

$200,000

Sale Price/ft²

$139

Below Asking

0.02%

Average Days on Market

46

Average Home Size

968 ft²

Average Home Age

77 years

Currently For Sale

1 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: Rhendy Bradshaw, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11173650
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 405 West Exchange Street built and last sold?
The property at 405 West Exchange Street was built in 1972 and last sold on Sep 29, 2021 for $169,500.
How much is this home worth?
The estimated value of the home located at 405 West Exchange Street is $0.
What are some comparable homes to 405 West Exchange Street?
There are currently no comparable homes to 405 West Exchange Street.
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