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Downs 61736
406 W Main Street
$170,950
● House - Off Market

406 W Main Street

Downs, IL 61736
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,936 Ft²
$173,809
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Small town USA living for you in One of a kind home with 3/4 of an acre on a wooded private lot with Grape arbor. Amish oak kitchen cabinets, some  original doors and hardware, pantry space, newer dishwasher, microwave, upright freezer, stainless refrigerator and Gas stove. New washer dryer in 2021 on the main level for convenience with a full wall of storage cabinets. 4 Bedroom 2 bath, enclosed porch. 4 car machine garage with tall overhead doors. Sought after Tri Valley schools.  There is a main floor full bath and bedroom. Pocket doors behind paneling in dining room. Some attention to detail will make it just what you're looking for you and yours.
Unit Size
1,936 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$90
Property Type
House
Property Taxes
$159
HOA Dues
-
Year Built
1899

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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 #11847707)

Price History

Date / Event Date Event Price
Sep 22, 2023 Sold
Premium
Sold
Aug 21, 2023 Listed by Coldwell Banker Real Estate Group $174,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1899
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 847
  • Gross Building Area: 847
  • Building Area: 847
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 847
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF DOWNS
  • Land Acres: 0000000750
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: OUTLOTS TO VILLAGE OF DOWNS LOT 10

Neighborhood

  • School District Name: Tri-Valley Community Unit School District 3
  • Census Tract: 005401

Geography

  • District: 13
  • Parcel: 29-04-176-003
  • Lot: 10
  • Meridian: SEC 04 TWN 22N RNG 03E
  • Municipality: DOWNS
  • Latitude: 40.3959
  • Longitude: -88.8764

    Address

  • Full Address: 406 W Main St
  • Address - House Number: 406
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Downs
  • Carrier Code: R003
  • 4-Digit Zip Code: 9490
  • Zip Code: 61736

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $190,362
  • Tax Rate Code Area: 1301

    Appraisal Valuation

  • Standard Deviation: 0.4855
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 2
  • Final Value: 253,129
  • High Value: 376,024
  • Low Value: 130,233

    Market Valuation

  • Market Total Value: $123,411
  • Market Land Value: $22,827
  • Market Improvement Value: $100,584

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,137
  • Assessed Land Value: $7,609
  • Assessed Improvements Value: $33,528

    Sales

  • Current Sale Contract Date: Sep 22, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13276
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 Downs

Stats & Trends

Median Asking:

$289,500

Sale Price/ft²

$136

Below Asking

0.04%

Average Days on Market

41

Average Home Size

2599 ft²

Average Home Age

82 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: Kimberly Bliss, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11847707
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 West Main Street built and last sold?
The property at 406 West Main Street was built in 1899 and last sold on Sep 22, 2023 for $171,000.
How much is this home worth?
The estimated value of the home located at 406 West Main Street is $0.
What are some comparable homes to 406 West Main Street?
There are currently no comparable homes to 406 West Main Street.
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