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Weldon 61882
420 North Street
$155,000
● House - Off Market

420 North Street

Weldon, IL 61882
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,270 Ft²
$954
Est. Monthly
9.07%
Cap Rate

About This Property

Look no further, YOU ARE HOME!  Small community living at it's best.  You will not want to miss the opportunity to own a very well maintained ranch home that offers a large lot, 3 nice sized bedrooms, and two full bathrooms.  This home offer a some of the larger updates with a roof that is 8-10 years old, windows roughly 15 years old, furnace 3 years old, AC completely redone, main bath completely remodeled this past year and new concrete sidewalk and apron in front of house and garage.  The appliances all stay with the home.  This home is move in ready and awaits the new owners.
Unit Size
1,270 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$118
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1958

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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 #11987094)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold
Premium
Sold
Feb 26, 2024 Listed by Taylor Realty Associates $150,000
Listed by Taylor Realty Associates

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 0
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,270
  • Building Area: 1,270
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,270
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NI - SECTION 09 - CITY
  • Land Acres: 0000000330
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: S9 T19 R4, LOT 3 70 X 200 SW COR OF 2.05A

Neighborhood

  • School District Name: DeLand-Weldon Community Unit School District 57
  • Census Tract: 971500

Geography

  • District: 14
  • Parcel: 14-09-251-013
  • Lot: 3,70
  • Meridian: SEC 09 TWN 19 RNG 04
  • Municipality: NIXON
  • Latitude: 40.124
  • Longitude: -88.75

    Address

  • Full Address: 420 North St
  • Address - House Number: 420
  • Address - Street Name: North
  • Address - Suffix Type: St
  • State: IL
  • City Name: Weldon
  • Carrier Code: R777
  • 4-Digit Zip Code: 4643
  • Zip Code: 61882

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $259,886

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 228,972
  • High Value: 321,706
  • Low Value: 136,237

    Market Valuation

  • Market Total Value: $86,589
  • Market Land Value: $86,589

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,860
  • Assessed Land Value: $2,142
  • Assessed Improvements Value: $26,718
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 Weldon

Stats & Trends

Median Asking:

$92,400

Sale Price/ft²

$79

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1279 ft²

Average Home Age

96.3 years

Currently For Sale

0 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: Russell Taylor, Taylor Realty Associates
Last Updated: 3 years ago
Data Source: MRED, MLS# 11987094
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 North Street built and last sold?
The property at 420 North Street was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 420 North Street is $151,500.
What are some comparable homes to 420 North Street?
There are currently no comparable homes to 420 North Street.
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