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Rockford 61107 Palmwood
420 Fairview Boulevard
$62,573
● House - Off Market

420 Fairview Boulevard

Rockford, IL 61107
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,476 Ft²
$97,451
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Charming ranch 3-bedroom home located in the heart of Rockford close to the park and shopping.    ATTENTION: LANDLORDS, FLIPPERS, AND INVESTORS!    AS-IS CASH ONLY SALE!
Unit Size
1,476 Ft²
Days on Market
-
Land Size
-
Price per sqft
$66
Property Type
House
Property Taxes
$135
HOA Dues
-
Year Built
1957

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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 #11836403)

Price History

Date / Event Date Event Price
Aug 21, 2023 Sold
Premium
Sold
Jul 19, 2023 Listed by USRealty.com, LLP $98,000
Listed by USRealty.com, LLP

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 1,200
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 158

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,676
  • Gross Building Area: 2,676
  • Building Area: 1,716
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,716
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST HILLS SUBD
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: EAST HILLS SUBD PT SE 1/4 SEC 19-44-2LOT 002 BLOCK 005

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 000600

Zoning

  • Zoning: R1

Geography

  • Parcel: 12-19-455-015
  • Block: 005
  • Lot: 2
  • Meridian: SEC 19 TWN 44 RANGE 2
  • Municipality: ROCKFORD
  • Latitude: 42.2713
  • Longitude: -89.0433

    Address

  • Full Address: 420 Fairview Blvd
  • Address - House Number: 420
  • Address - Street Name: Fairview
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Rockford
  • Carrier Code: C026
  • 4-Digit Zip Code: 4859
  • Zip Code: 61107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2326
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 143,104
  • High Value: 176,397
  • Low Value: 109,811

    Market Valuation

  • Market Total Value: $95,352
  • Market Land Value: $11,145
  • Market Improvement Value: $84,207

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,784
  • Assessed Land Value: $3,715
  • Assessed Improvements Value: $28,069

    Sales

  • Current Sale Contract Date: Sep 11, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21463
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 Northeast

Stats & Trends

Median Asking:

$235,000

Sale Price/ft²

$133

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2562 ft²

Average Home Age

67.3 years

Currently For Sale

51 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

Click here to view more rentals in the neighborhood.
MRED

Listed by: Derek Morgan, USRealty.com, LLP
Last Updated: 3 years ago
Data Source: MRED, MLS# 11836403
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 420 Fairview Boulevard built and last sold?
The property at 420 Fairview Boulevard was built in 1957 and last sold on Sep 11, 2023 for $63,000.
How much is this home worth?
The estimated value of the home located at 420 Fairview Boulevard is $104,060.
What are some comparable homes to 420 Fairview Boulevard?
There are currently no comparable homes to 420 Fairview Boulevard.
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