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Millington 60537
5 Belle Rive Drive
$124,000
● Land - Off Market

5 Belle Rive Drive

Millington, IL 60537
bedrooms
Studio
bathrooms
0 Bath
$730
Est. Monthly

About This Property

Stunning 2 acre riverfront lot located in a peacful subdivision! This rare, 2 acre lot offers direct river frontage on the fox river in the Belle Rive subdivision in Millington. Wake up to the sounds of flowing water and enjoy breathtaking views year-round. Enjoy Kayaking, canoeing, fishing or just the serenity of this riverfront property. Many trees provide some privacy, Gorgeous location! A perfect blend of wooded charm and waterfront tranquility~don't miss this opportunity to own your own piece of paradise!
Unit Size
-
Days on Market
-
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$121
HOA Dues
-
Year Built
-

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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.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 87,120
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: BELLE RIVE SUB
  • Land Acres: 0000002000
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: BELLE RIVE SUB, LT 5 SEC 25-36-5

Neighborhood

  • School District Name: Sandwich Community Unit School District 430
  • Census Tract: 962300

Geography

  • District: NV
  • Parcel: 05-25-201-006
  • Lot: 5
  • Meridian: SEC 25 TWN 36 RNG 05
  • Municipality: NORTHVILLE TOWNSHIP
  • Latitude: 41.5673
  • Longitude: -88.6038

    Address

  • Full Address: 5 Belle Drive Dr
  • Address - House Number: 5
  • Address - Street Name: Belle Drive
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Millington
  • Zip Code: 60537

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: NV013

    Appraisal Valuation

  • Standard Deviation: 0.2707
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 61
  • Final Value: 96,551
  • High Value: 122,694
  • Low Value: 70,408

    Market Valuation

  • Market Total Value: $56,964
  • Market Land Value: $56,964

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,988
  • Assessed Land Value: $18,988

    Sales

  • Current Sale Contract Date: Jun 02, 2022
  • Current Sale Recording Date: Jun 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-07221

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
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 Millington

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$194

Above Asking

0.00%

Average Days on Market

32

Average Home Size

1994 ft²

Average Home Age

35.4 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: Tara Kunkel, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12423561
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 5 Belle Rive Drive built and last sold?
The property at 5 Belle Rive Drive was built in and last sold on Jun 2, 2022 for $105,500.
How much is this home worth?
The estimated value of the home located at 5 Belle Rive Drive is $125,240.
What are some comparable homes to 5 Belle Rive Drive?
There are currently no comparable homes to 5 Belle Rive Drive.
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