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Belvidere 61008
415 N State Street
$75,000
● House - Off Market

415 N State Street

Belvidere, IL 61008
bedrooms
2 Beds
bathrooms
1 Bath
square feet
948 Ft²
$101,938
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Own a piece of Midwest history! One of the few Lustron homes left in Illinois! Perfect for Buyers looking for their first home or their last! This low to zero  maintenance home would be perfect for investors to use for rental income! All steel construction with awesome extras like custom built - ins, retrofitted with traditional heating and central air, and workshop out back. Great location in downtown Belvidere, close to shopping and more! Come and see this one of a kind gem!
Unit Size
948 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$83
Property Type
House
Property Taxes
$56
HOA Dues
-
Year Built
1945

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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 #10940780)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Nov 24, 2020 Listed by Re/Max of Rock Valley $78,500
Listed by Re/Max of Rock Valley

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1960
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 10
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,986
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 660
  • Total Building Area: 948
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 948
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 26-44-3 W 120.8 FT LT 6 BLK 55 ORIG TOWN 415 N STATE ST

Neighborhood

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

Geography

  • Account Number: 05-05-26-281-002
  • District: 050
  • Parcel: 05-26-281-002
  • Block: 55
  • Lot: 6
  • Municipality: BELVIDERE
  • Latitude: 42.2627
  • Longitude: -88.846

    Address

  • Full Address: 415 N State St
  • Address - House Number: 415
  • Street Direction: N
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: IL
  • City Name: Belvidere
  • Carrier Code: C006
  • 4-Digit Zip Code: 2739
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $242,256

    Appraisal Valuation

  • Standard Deviation: 0.1822
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 76
  • Final Value: 119,772
  • High Value: 141,604
  • Low Value: 97,940

    Market Valuation

  • Market Total Value: $75,042
  • Market Land Value: $16,974
  • Market Improvement Value: $58,068

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,014
  • Assessed Land Value: $5,658
  • Assessed Improvements Value: $19,356

    Sales

  • Current Sale Contract Date: Jan 15, 2021
  • Current Sale Recording Date: Jan 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Previous Sale Recording Date: Nov 17, 2010
  • Previous Sale Contract Date: Nov 17, 2010
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$229,950

Sale Price/ft²

$146

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1527 ft²

Average Home Age

64.9 years

Currently For Sale

16 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

Rentals Near You

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MRED

Listed by: Erin Spence Paff, Re/Max of Rock Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 10940780
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 415 North State Street built and last sold?
The property at 415 North State Street was built in 1945 and last sold on Jan 15, 2021 for $75,000.
How much is this home worth?
The estimated value of the home located at 415 North State Street is $82,935.
What are some comparable homes to 415 North State Street?
There are currently no comparable homes to 415 North State Street.
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