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Belvidere 61008
409 Wedgewood Lane
$306,000
● House - Off Market

409 Wedgewood Lane

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,140 Ft²
$1,998
Est. Monthly

About This Property

OUTSTANDING CONDITION**CHECK OUT SOME OF THE PICTURES FROM SPRING*YEARLY FLOWERS BLOOMS BACK EVERY YEAR****UPDATED 1ST FLOOR MASTER SUITE**CATHEDRAL CEILINGS**FULL FINISHED BASEMENT WITH FULL BATHROOM**TONS OF UPDATES**NEW ROOF 2025**HUGE DECK**FRESHLY PAINTED**NEW QUARTZ COUNTERTOPS**NEW DISHWASHER**NEWER SS STOVE**NEWER SS REFRIGERATOR**NEW LIGHTS**NEW TOILETS**UPDATED BATHS**SPACIOUS 3 CAR GARAGE**DESIRED BELVIDERE NORTH SCHOOL DISTRICT**READY TO MOVE IN*** ROOM FOR EVERYONE!
Unit Size
2,140 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$140
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1997

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 908
  • Garage Type: 7
  • Garage Square Area: 640
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,602
  • Total Building Area: 2,140
  • Building Area: 2,140
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,140
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WYNNWOOD 01
  • Land Acres: 0000000289
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 27-44-3 WYNNWOOD PLAT NO 1 LOT 1 409 WEDGEWOOD LN

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010102

Geography

  • Account Number: 05-05-27-226-017
  • District: 050
  • Parcel: 05-27-226-017
  • Lot: 1
  • Municipality: BELVIDERE
  • Latitude: 42.2687
  • Longitude: -88.8631

    Address

  • Full Address: 409 Wedgewood Ln
  • Address - House Number: 409
  • Address - Street Name: Wedgewood
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R011
  • 4-Digit Zip Code: 1976
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $574,048

    Appraisal Valuation

  • Standard Deviation: 0.1822
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 76
  • Final Value: 247,547
  • High Value: 292,669
  • Low Value: 202,425

    Market Valuation

  • Market Total Value: $195,819
  • Market Land Value: $20,607
  • Market Improvement Value: $175,212

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,273
  • Assessed Land Value: $6,869
  • Assessed Improvements Value: $58,404

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 16, 2004
  • Current Sale Recording Date: Jul 16, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 000000008354
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:

$230,000

Sale Price/ft²

$146

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1413 ft²

Average Home Age

75.1 years

Currently For Sale

17 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: Enrique Aguilar, RE/MAX Horizon
Data Source: MRED, MLS# MRD12532394
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 Wedgewood Lane built and last sold?
The property at 409 Wedgewood Lane was built in 1997 and last sold on Jul 16, 2004 for $149,900.
How much is this home worth?
The estimated value of the home located at 409 Wedgewood Lane is $0.
What are some comparable homes to 409 Wedgewood Lane?
There are currently no comparable homes to 409 Wedgewood Lane.
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