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Wapella 61777
412 Main Street
$134,000
● House - Off Market

412 Main Street

Wapella, IL 61777
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,684 Ft²
$798
Est. Monthly
14.81%
Cap Rate

About This Property

Pre-Sold.  New HVAC and roof in 2019.  New LVT in primary replaced 2024. Large fenced in backyard with oversized 2 car garage.
Unit Size
1,684 Ft²
Days on Market
-
Land Size
-
Price per sqft
$80
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1903

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MRED MLS #12006657)

Price History

Date / Event Date Event Price
Apr 29, 2024 Sold
Premium
Sold
Mar 20, 2024 Listed by RE/MAX Rising $135,000
Listed by RE/MAX Rising

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 399
  • Garage Type: 7
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,955
  • Total Building Area: 798
  • Building Area: 798
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 798
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WA - ORIGINAL TOWN
  • Land Acres: 0000000297
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ORIGINAL TOWN OF WAPELLA, W 1/2 LTS 6 & 7 BLOCK 9.

Neighborhood

  • School District Name: Clinton Community Unit School District 15
  • Census Tract: 971500

Geography

  • District: 07
  • Parcel: 07-03-278-008
  • Block: 9
  • Lot: 6-7
  • Municipality: WAPELLA
  • Latitude: 40.221
  • Longitude: -88.9596

    Address

  • Full Address: 412 Main St
  • Address - House Number: 412
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Wapella
  • Carrier Code: R777
  • 4-Digit Zip Code: 9631
  • Zip Code: 61777

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $161,330

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 85,757
  • High Value: 124,908
  • Low Value: 46,605

    Market Valuation

  • Market Total Value: $86,973
  • Market Land Value: $86,973

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,988
  • Assessed Land Value: $3,145
  • Assessed Improvements Value: $25,843

    Sales

  • Current Sale Contract Date: Jun 22, 2016
  • Current Sale Recording Date: Jun 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 247036
  • Previous Sale Recording Date: Jun 20, 2014
  • Previous Sale Contract Date: Jun 13, 2014
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Wapella

Stats & Trends

Median Asking:

$159,000

Sale Price/ft²

$116

Below Asking

0.05%

Average Days on Market

54

Average Home Size

1277 ft²

Average Home Age

111 years

Currently For Sale

0 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: Allison Smith, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 12006657
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 412 Main Street built and last sold?
The property at 412 Main Street was built in 1903 and last sold on Jun 22, 2016 for $85,000.
How much is this home worth?
The estimated value of the home located at 412 Main Street is $0.
What are some comparable homes to 412 Main Street?
There are currently no comparable homes to 412 Main Street.
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