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Leonore 61370
500 Gary Street
$33,000
● House - Off Market

500 Gary Street

Leonore, IL 61332
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,872 Ft²
$38,560
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Investors and flippers come take a look.  A little work and you can take advantage of almost 1 acre of property in a great small town.  Large kitchen and family room, detached 2-car garage, second story has been studded out, 2 sheds. Roof in 2003, water heater 2004, furnace  1998. Bank owned property sold as-is.
Unit Size
1,872 Ft²
Days on Market
-
Land Size
-
Price per sqft
$19
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
1900

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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: 2 years ago (MRED MLS #11250816)

Price History

Date / Event Date Event Price
Dec 8, 2021 Sold
Premium
Sold
Oct 19, 2021 Listed by RE/MAX 1st Choice $35,000
Listed by RE/MAX 1st Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 41,818
  • Total Building Area: 1,872
  • Gross Building Area: 1,872
  • Building Area: 1,872
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: W FRANZENBERG'S ADD
  • Land Acres: 0000000960
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: W FRANZENBERG'S ADD TO GARY, S1/2 LT 20, ALL LTS 21, 23 & 24 BLK 1, ADJ FORMER RR ROW & ADJ VAC LYNN ST SEC 3-31-2

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 964100

Geography

  • District: RI
  • Parcel: 31-03-201-025
  • Block: 1
  • Lot: 20-24
  • Meridian: SEC 03 TWN 31 RNG 02
  • Municipality: RICHLAND TOWNSHIP
  • Latitude: 41.1894
  • Longitude: -88.9795

    Address

  • Full Address: 500 Gary St
  • Address - House Number: 500
  • Address - Street Name: Gary
  • Address - Suffix Type: St
  • State: IL
  • City Name: Leonore
  • Carrier Code: R777
  • 4-Digit Zip Code: 1014
  • Zip Code: 61332

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $189,442
  • Tax Rate Code Area: RI002

    Appraisal Valuation

  • Standard Deviation: 0.2707
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 61
  • Final Value: 81,510
  • High Value: 103,580
  • Low Value: 59,440

    Market Valuation

  • Market Total Value: $82,398
  • Market Land Value: $6,198
  • Market Improvement Value: $76,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,466
  • Assessed Land Value: $2,066
  • Assessed Improvements Value: $25,400

    Sales

  • Current Sale Contract Date: Dec 08, 2021
  • Current Sale Recording Date: Dec 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-19015
  • Previous Sale Recording Date: Jun 11, 2021
  • Previous Sale Contract Date: May 28, 2021
  • Previous Sale Document Type: 64
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 Leonore

Stats & Trends

Median Asking:

$144,900

Sale Price/ft²

$110

Below Asking

0.03%

Average Days on Market

100

Average Home Size

1322 ft²

Average Home Age

74 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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MRED

Listed by: Douglas Carroll, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 11250816
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 500 Gary Street built and last sold?
The property at 500 Gary Street was built in 1900 and last sold on Dec 8, 2021 for $33,000.
How much is this home worth?
The estimated value of the home located at 500 Gary Street is $35,350.
What are some comparable homes to 500 Gary Street?
There are currently no comparable homes to 500 Gary Street.
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