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Rochelle 61068
409 Phyllis Avenue
$140,000
● House - Off Market

409 Phyllis Avenue

Rochelle, IL 61068
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$151,163
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Well maintained and updated home. This 3-bedroom 1 bath ranch home is move in ready. The living room has newer carpeted but has hardwood underneath that leads down the hallway to the 3 bedrooms. The 3 bedrooms have hard wood floors and nice sized closets. The eat in kitchen has been updated with newer cabinets, and appliances. The full bath has been updated as well. The basement has a couple of rooms for storage or a workshop. There is a washer and dryer in the basement and a stack washer and dryer in the kitchen both sets stay (as is). Nice attached two car garage with door opener. Updates- roof, siding, kitchen, bathroom, windows, furnace and A/C, water softener and hot water heater.   Taxes are exempt for seller new owner taxes roughly $4200. Stop by and take a look. Being sold as is
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$137
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961

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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 #11735063)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Mar 10, 2023 Listed by Re/Max Hub City $150,000
Listed by Re/Max Hub City

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,886
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 752
  • Total Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLEVELAND SUBD
  • Land Acres: 0000000249
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: LOT 3 BLK 1 CLEVELAND SUBD NO. 3 CITY OF ROCHELLE

Neighborhood

  • School District Name: Rochelle Township High School District 212
  • Census Tract: 961600

Geography

  • District: 6
  • Parcel: 24-25-329-014
  • Block: 1
  • Lot: 3
  • Municipality: FLAGG
  • Latitude: 41.9108
  • Longitude: -89.0655

    Address

  • Full Address: 409 Phyllis Ave
  • Address - House Number: 409
  • Address - Street Name: Phyllis
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rochelle
  • Carrier Code: R004
  • 4-Digit Zip Code: 2133
  • Zip Code: 61068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 640

    Appraisal Valuation

  • Standard Deviation: 0.2486
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 64
  • Final Value: 149,076
  • High Value: 186,137
  • Low Value: 112,015

    Market Valuation

  • Market Total Value: $114,537
  • Market Land Value: $23,454
  • Market Improvement Value: $91,083

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,179
  • Assessed Land Value: $7,818
  • Assessed Improvements Value: $30,361
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 Rochelle

Stats & Trends

Median Asking:

$192,500

Sale Price/ft²

$138

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1511 ft²

Average Home Age

71.8 years

Currently For Sale

17 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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MRED

Listed by: Patty Spratt, Re/Max Hub City
Last Updated: 3 years ago
Data Source: MRED, MLS# 11735063
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 409 Phyllis Avenue built and last sold?
The property at 409 Phyllis Avenue was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 409 Phyllis Avenue is $152,765.
What are some comparable homes to 409 Phyllis Avenue?
There are currently no comparable homes to 409 Phyllis Avenue.
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