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Kappa 61738
502 Park Street
$110,000
● House - Off Market

502 Park Street

Kappa, IL 61738
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,480 Ft²
$737
Est. Monthly
26.03%
Cap Rate

About This Property

Welcome to this nice three bedroom home on a huge lot! Enjoy main floor living with one of the bedrooms, full bathroom and laundry all on the main level! The large open kitchen has possibilities for an island. The HUGE living/dining room has so many possibilities for entertaining. The bonus room, off of the front, is great for an office, or convert to a primary en-suite!  The possibilities are endless with the 4 car garage! If you have pets, enjoy the already fenced in portion of the yard. There are no backyard neighbors.   The unfinished basement, plenty of room for storage.
Unit Size
1,480 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$81
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1900

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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: 2 years ago (MRED MLS #12172214)

Price History

Date / Event Date Event Price
Dec 26, 2024 Sold
Premium
Sold
Nov 26, 2024 In contract -
In contract
Nov 16, 2024 Listed by RE/MAX Rising $120,000
Listed by RE/MAX Rising

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: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,346
  • Gross Building Area: 1,346
  • Building Area: 1,346
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,346
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COOKS ADDITION TO KAPPA
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: T26N - R2E - S32 LOTS 1,2 BLK 1 COOKS ADDN TO KAPPA

Neighborhood

  • School District Name: El Paso-Gridley Community Unit School District 11
  • Census Tract: 030700

Geography

  • District: 16
  • Parcel: 16-32-205-002
  • Block: 1
  • Lot: 1-2
  • Meridian: SEC 32 TWN 26N RNG 02E
  • Municipality: EL PASO
  • Latitude: 40.6754
  • Longitude: -89.0095

    Address

  • Full Address: 502 Park St
  • Address - House Number: 502
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kappa
  • Carrier Code: R001
  • 4-Digit Zip Code: 1844
  • Zip Code: 61738

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $164,718
  • Tax Rate Code Area: 16002

    Appraisal Valuation

  • Standard Deviation: 0.2294
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 68
  • Final Value: 108,465
  • High Value: 133,357
  • Low Value: 83,574

    Market Valuation

  • Market Total Value: $78,063
  • Market Land Value: $11,448
  • Market Improvement Value: $66,615

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,021
  • Assessed Land Value: $3,816
  • Assessed Improvements Value: $22,205
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 Kappa

Stats & Trends

Median Asking:

$197,450

Sale Price/ft²

$106

Above Asking

0.00%

Average Days on Market

36

Average Home Size

1632 ft²

Average Home Age

23 years

Currently For Sale

1 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: McKenzie Sylvester, RE/MAX Rising
Last Updated: 2 years ago
Data Source: MRED, MLS# 12172214
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 502 Park Street built and last sold?
The property at 502 Park Street was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 502 Park Street is $130,482.
What are some comparable homes to 502 Park Street?
There are currently no comparable homes to 502 Park Street.
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