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Arrowsmith 61722
408 S Walnut Street
$186,900
● House - Off Market

408 S Walnut Street

Arrowsmith, IL 61722
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,280 Ft²
$1,146
Est. Monthly
17.30%
Cap Rate

About This Property

This completely remodeled home sits on a large 1/4-acre corner lot overlooking the countryside. This amazing home features sky high ceilings, open concept floor plan, updated kitchen includes a walk-in pantry, exposed brick wall feature, stainless steel appliances.  3 full baths, 4 bedrooms, huge primary suite, tons of closet/storage space plus full basement. Covered front porch, 2 car garage. Small town living at its best! Don't miss this one!
Unit Size
2,280 Ft²
Days on Market
-
Land Size
-
Price per sqft
$83
Property Type
House
Property Taxes
$213
HOA Dues
-
Year Built
1907

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Cap Rate Calculator

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • 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: 6,200
  • Parking Space Count: 20
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,131
  • Gross Building Area: 1,131
  • Building Area: 1,131
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,131
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HURTS ADD
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: HURTS ADDITION TO ARROWSMITH LOT 4 BLK 3

Neighborhood

  • School District Name: Ridgeview Community Unit School District 19
  • Census Tract: 005602

Geography

  • District: 3
  • Parcel: 24-15-308-006
  • Block: 3
  • Lot: 4
  • Meridian: SEC 15 TWN 23N RNG 05E
  • Municipality: ARROWSMITH
  • Latitude: 40.4463
  • Longitude: -88.6307

    Address

  • Full Address: 408 S Walnut St
  • Address - House Number: 408
  • Street Direction: S
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Arrowsmith
  • Carrier Code: R777
  • 4-Digit Zip Code: 7537
  • Zip Code: 61722

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $255,472
  • Tax Rate Code Area: 301

    Appraisal Valuation

  • Standard Deviation: 0.2004
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 161,600
  • High Value: 193,997
  • Low Value: 129,204

    Market Valuation

  • Market Total Value: $103,194
  • Market Land Value: $8,967
  • Market Improvement Value: $94,227

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,398
  • Assessed Land Value: $2,989
  • Assessed Improvements Value: $31,409

    Sales

  • Current Sale Contract Date: Aug 26, 2016
  • Current Sale Recording Date: Sep 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-00016599
  • Previous Sale Recording Date: Jul 03, 2012
  • Previous Sale Contract Date: Jun 26, 2012
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: 71
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 Arrowsmith

Stats & Trends

Median Asking:

$141,250

Sale Price/ft²

$104

Above Asking

0.00%

Average Days on Market

80

Average Home Size

1543 ft²

Average Home Age

156 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: Cherie Magenheimer-Bobb, Cornerstone Real Estate
Data Source: MRED, MLS# MRD12202568
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 408 South Walnut Street built and last sold?
The property at 408 South Walnut Street was built in 1907 and last sold on Aug 26, 2016 for $119,000.
How much is this home worth?
The estimated value of the home located at 408 South Walnut Street is $0.
What are some comparable homes to 408 South Walnut Street?
There are currently no comparable homes to 408 South Walnut Street.
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