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Loves Park 61011
4849 Mallet Drive
$259,552
● House - Off Market

4849 Mallet Drive

Loves Park, IL 61111
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,540 Ft²
$256,013
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

New construction in Loves Park. 1540 sq. ft. great room ranch with cathedral ceilings. Open concept plan. Kitchen has island with breakfast bar, stainless range, dishwasher and micro. Master bedroom with walk in closet and private bath. White trim and 2-panel doors, 1st floor laundry. 3-car garage, full basement. Close to I-90 and Rock Cut State Park Agent Owned
Unit Size
1,540 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$164
Property Type
House
Property Taxes
$38
HOA Dues
-
Year Built
2021

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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 #11169510)

Price History

Date / Event Date Event Price
Apr 29, 2022 Sold
Premium
Sold
Oct 6, 2021 No longer available -
No longer available
Jul 26, 2021 Listed by Key Realty $252,552
Listed by Key Realty
Aug 13, 2020 No longer available -
No longer available
Aug 13, 2020 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • 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: 7
  • Garage Square Area: 684
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,770
  • Total Building Area: 1,644
  • Gross Building Area: 1,644
  • Building Area: 1,644
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,644
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRECKENRIDGE SUB
  • Land Acres: 0000000316
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: BRECKENRIDGE NO 3 PT SEC 35-45-2 LOT 16

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003810

Zoning

  • Zoning: R1 - SINGL

Geography

  • Parcel: 08-35-328-010
  • Lot: 16
  • Meridian: SEC 35 TWN 45 RANGE 2
  • Municipality: HARLEM
  • Latitude: 42.3328
  • Longitude: -88.9727

    Address

  • Full Address: 4849 Mallet Dr
  • Address - House Number: 4849
  • Address - Street Name: Mallet
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Loves Park
  • Carrier Code: R030
  • 4-Digit Zip Code: 5426
  • Zip Code: 61111

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 026

    Appraisal Valuation

  • Standard Deviation: 0.1197
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 87
  • Final Value: 250,922
  • High Value: 280,968
  • Low Value: 220,876

    Market Valuation

  • Market Total Value: $198,651
  • Market Land Value: $36,552
  • Market Improvement Value: $162,099

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,217
  • Assessed Land Value: $12,184
  • Assessed Improvements Value: $54,033

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: May 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14401
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 Loves Park

Stats & Trends

Median Asking:

$217,900

Sale Price/ft²

$151

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1862 ft²

Average Home Age

41.6 years

Currently For Sale

21 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: Joseph Contarino, Key Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11169510
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 4849 Mallet Drive built and last sold?
The property at 4849 Mallet Drive was built in 2021 and last sold on Apr 29, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 4849 Mallet Drive is $0.
What are some comparable homes to 4849 Mallet Drive?
There are currently no comparable homes to 4849 Mallet Drive.
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