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Belvidere 61008
406 Spruce Drive
$65,000
● House - Off Market

406 Spruce Drive

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
2 Baths
$352
Est. Monthly
42.73%
Cap Rate

About This Property

Looking for alternative options to affordable housing? Look no further than Greenview Estates. This home features 3 bedrooms, 2 bathrooms, and a spacious 2 car garage with an open concept living room, dining room and kitchen for all your entertainment needs. The home is move-in ready, with new carpet, a convenient reverse osmosis system, and a newer furnace. This home provides a great opportunity to meet new people by attending community events or if you'd prefer to stay in, relax in your own private soaking tub located in the master suite. The best part yet, this mobile home's property taxes are $92.40. Prefer to change the paint colors? Seller to offer $1000 credit at closing. New owners will be subject to parks approval, rules and regulations - $40 application fee per applicant.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$8
HOA Dues
-
Year Built
-

Payment Calculator

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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: 2 years ago (MRED MLS #12181457)

Price History

Date / Event Date Event Price
Dec 18, 2024 Sold
Premium
Sold
Nov 5, 2024 In contract -
In contract
Oct 18, 2024 Price Decreased $70,000
↓ $4K (5.4%)
Price Decreased
Oct 11, 2024 Price Decreased $74,000
↓ $4K (5.1%)
Price Decreased
Oct 5, 2024 Listed by ListHomeFlatFee.com Inc. $78,000
Listed by ListHomeFlatFee.com Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 0
  • Total Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1006
  • Mobile Home Indicator: T

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010400

Geography

  • Parcel: 5028400014
  • Municipality: BELVIDERE
  • Latitude: 42.2588
  • Longitude: -88.8899

    Address

  • Full Address: 406 Spruce Dr
  • Address - House Number: 406
  • Address - Street Name: Spruce
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R006
  • 4-Digit Zip Code: 7193
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,240
  • Initial Tax Delinquent Year: 2021

    Assessments Valuation

  • Assessed Year: 2022
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:

$225,000

Sale Price/ft²

$147

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1654 ft²

Average Home Age

48.9 years

Currently For Sale

16 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

Rentals Near You

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MRED

Listed by: Ronak Shah, ListHomeFlatFee.com Inc.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12181457
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 406 Spruce Drive built and last sold?
The property at 406 Spruce Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 406 Spruce Drive is $70,700.
What are some comparable homes to 406 Spruce Drive?
There are currently no comparable homes to 406 Spruce Drive.
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