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Mendota 61342
503 5th Avenue
$95,000
● House - Off Market

503 5th Avenue

Mendota, IL 61342
bedrooms
2 Beds
bathrooms
1 Bath
square feet
936 Ft²
$127,178
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Nice traditional home ready to move into.  Security safe in basement included.  Gas water heater has instant hot water boost assist for hours of showers! Large 2 car garage.  There is a beautiful, freshly paved alley to access the garage.    Shaded rear concrete patio for cool summer evenings.    Small town living at its best!
Unit Size
936 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$134
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1950

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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 #11717430)

Price History

Date / Event Date Event Price
Apr 21, 2023 Sold
Premium
Sold
Feb 11, 2023 Listed by Prime Properties, LLC $125,000
Listed by Prime Properties, LLC
Dec 12, 2022 No longer available -
No longer available
Nov 20, 2022 Relisted $150,000
Relisted
Nov 12, 2022 No longer available -
No longer available
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 7,405
  • Total Building Area: 936
  • Gross Building Area: 936
  • Building Area: 936
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MENDOTA (ORIGINAL TOWN)
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: TOWN OF MENDOTA, LT 15 & N 10' LT 9 BLK 40 SEC 33-36-1

Neighborhood

  • School District Name: Mendota Township High School District 280
  • Census Tract: 962000

Geography

  • District: MD
  • Parcel: 01-33-408-006
  • Block: 40
  • Lot: 15-9
  • Meridian: SEC 33 TWN 36 RNG 01
  • Municipality: MENDOTA TOWNSHIP
  • Latitude: 41.5456
  • Longitude: -89.1143

    Address

  • Full Address: 503 5th Ave
  • Address - House Number: 503
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mendota
  • Carrier Code: C003
  • 4-Digit Zip Code: 2126
  • Zip Code: 61342

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $259,878
  • Tax Rate Code Area: MD002

    Appraisal Valuation

  • Standard Deviation: 0.1069
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 89
  • Final Value: 146,023
  • High Value: 161,643
  • Low Value: 130,403

    Market Valuation

  • Market Total Value: $86,214
  • Market Land Value: $13,272
  • Market Improvement Value: $72,942

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,738
  • Assessed Land Value: $4,424
  • Assessed Improvements Value: $24,314

    Sales

  • Current Sale Contract Date: Apr 21, 2023
  • Current Sale Recording Date: May 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-04222
  • Previous Sale Recording Date: May 04, 2023
  • Previous Sale Contract Date: Apr 18, 2023
  • Previous Sale Amount: $87,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR

    Previous Mortgages

  • Previous Mortgage Transaction Date:
    Premium
  • Previous 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 Mendota

Stats & Trends

Median Asking:

$157,000

Sale Price/ft²

$111

Below Asking

0.03%

Average Days on Market

58

Average Home Size

1432 ft²

Average Home Age

109 years

Currently For Sale

6 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: Mark Piper, Prime Properties, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11717430
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 503 5th Avenue built and last sold?
The property at 503 5th Avenue was built in 1950 and last sold on Apr 21, 2023 for $95,000.
How much is this home worth?
The estimated value of the home located at 503 5th Avenue is $0.
What are some comparable homes to 503 5th Avenue?
There are currently no comparable homes to 503 5th Avenue.
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