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Rock Falls 61071
501 4th Avenue
$43,900
● House - Off Market

501 4th Avenue

Rock Falls, IL 61071
bedrooms
2 Beds
bathrooms
1 Bath
square feet
854 Ft²
$49,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

The perfect starter home or investment property!  2 bedroom, 1 bath home on a handy corner lot, close to school and shopping.  Spacious living room with ceiling fan.  New tub and vanity in bathroom.  Large eat in kitchen.  Full basement.  Enclosed front and back porches.  1 1/2 car garage.
Unit Size
854 Ft²
Days on Market
-
Land Size
-
Price per sqft
$58
Property Type
House
Property Taxes
$109
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.

Last updated: 3 years ago (MRED MLS #11871520)

Price History

Date / Event Date Event Price
Nov 27, 2023 Sold
Premium
Sold
Aug 28, 2023 Listed by RE/MAX Sauk Valley $49,900
Listed by RE/MAX Sauk Valley

Property Highlights

Air Conditioning

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: 7,100
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 500
  • 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: R
  • Subdivision: A L MERRILLS SUBDIVISION
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: A L MERRILLS SUB LOT 12 BLK 24 90500X

Neighborhood

  • School District Name: Rock Falls Elementary School District 13
  • Census Tract: 001500

Geography

  • Account Number: 97869
  • District: 11
  • Parcel: 1128435001
  • Block: 24
  • Municipality: COLOMA
  • Latitude: 41.7776
  • Longitude: -89.6919

    Address

  • Full Address: 501 4th Ave
  • Address - House Number: 501
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rock Falls
  • Carrier Code: C002
  • 4-Digit Zip Code: 1248
  • Zip Code: 61071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $130,474
  • Tax Rate Code Area: 01110

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 42,430
  • High Value: 53,852
  • Low Value: 31,007

    Market Valuation

  • Market Total Value: $51,849
  • Market Land Value: $8,766
  • Market Improvement Value: $43,083

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,283
  • Assessed Land Value: $2,922
  • Assessed Improvements Value: $14,361

    Sales

  • Current Sale Contract Date: Nov 15, 2023
  • Current Sale Recording Date: Dec 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6013
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 Rock Falls

Stats & Trends

Median Asking:

$122,900

Sale Price/ft²

$98

Below Asking

0.03%

Average Days on Market

45

Average Home Size

1167 ft²

Average Home Age

70.5 years

Currently For Sale

20 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: Patricia Sword, RE/MAX Sauk Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11871520
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 501 4th Avenue built and last sold?
The property at 501 4th Avenue was built in and last sold on Nov 15, 2023 for $44,000.
How much is this home worth?
The estimated value of the home located at 501 4th Avenue is $0.
What are some comparable homes to 501 4th Avenue?
There are currently no comparable homes to 501 4th Avenue.
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