For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Leaf River 61047
505 E 3rd Street
$150,000
● House - Off Market

505 E 3rd Street

Leaf River, IL 61047
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,368 Ft²
$871
Est. Monthly
9.33%
Cap Rate

About This Property

This house has what you need! Located on a 1+ acre site, this property gives you plenty of space to enjoy the outdoors and enjoy your meals in the screened picnic house. The vinyl siding, roof and windows were all replaced in 2012-13. The furnace, water heater, washer and dryer were replaced in 2010. Lots of cabinets in the bright, spacious eat in kitchen. Bedrooms have great closets. Large deck on the front of the house. The garage is 36 x 26 allowing for lots of storage for vehicles or projects. The driveway allows for parking for many cars. Leaf River's most recent tax rate was 7.71895 making it one of the lower rates in the county. Now is the time to view this house in person and make it your own.
Unit Size
1,368 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$110
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1973

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11990724)

Price History

Date / Event Date Event Price
Apr 4, 2024 Sold
Premium
Sold
Feb 27, 2024 Listed by RE/MAX of Rock Valley $150,000
Listed by RE/MAX of Rock Valley

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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 Count: 100
  • 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: 47,916
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001100
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK:9 TWP:25 SECT/LOT:36 IRR TR N 184FT W 434FT E 534FT S & ADJ HWY 72 SE4 NE4

Neighborhood

  • School District Name: Forrestville Valley Community Unit School District 221
  • Census Tract: 960700

Geography

  • District: 10
  • Parcel: 03-36-277-001
  • Block: 9
  • Lot: 36
  • Meridian: SEC 36 TWN 25 RNG 09
  • Municipality: LEAF RIVER
  • Latitude: 42.1258
  • Longitude: -89.395

    Address

  • Full Address: 505 E Third St
  • Address - House Number: 505
  • Street Direction: E
  • Address - Street Name: Third
  • Address - Suffix Type: St
  • State: IL
  • City Name: Leaf River
  • Carrier Code: R777
  • 4-Digit Zip Code: 4501
  • Zip Code: 61047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $160,632
  • Tax Rate Code Area: 1040

    Appraisal Valuation

  • Standard Deviation: 0.1827
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 189,686
  • High Value: 224,360
  • Low Value: 155,011

    Market Valuation

  • Market Total Value: $150,609
  • Market Land Value: $21,726
  • Market Improvement Value: $128,883

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,203
  • Assessed Land Value: $7,242
  • Assessed Improvements Value: $42,961
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 Leaf River

Stats & Trends

Median Asking:

$62,500

Sale Price/ft²

$44

Below Asking

0.03%

Average Days on Market

40

Average Home Size

1664 ft²

Average Home Age

87.8 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lori Peterson, RE/MAX of Rock Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11990724
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 505 East 3rd Street built and last sold?
The property at 505 East 3rd Street was built in 1973 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 505 East 3rd Street is $0.
What are some comparable homes to 505 East 3rd Street?
There are currently no comparable homes to 505 East 3rd Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Leaf River Homes for Sale
Leaf River Houses for Sale
Leaf River Homes with Basements
Leaf River Homes with Pools
Leaf River Homes with Parking
Leaf River Homes with Garages
Leaf River Homes with a View
Leaf River Homes with Guest House
Nearby Cities
Byron Homes for Sale
Winnebago Homes for Sale
Mount Morris Homes for Sale
German Valley Homes for Sale
Adeline Homes for Sale
Nearby Property Records
Ogle County, IL Property Records
Winnebago County, IL Property Records
Stephenson County, IL Property Records
Carroll County, IL Property Records
Boone County, IL Property Records
Lee County, IL Property Records
Green County, WI Property Records
Whiteside County, IL Property Records
Nearby Counties
Byron Homes for Sale
Winnebago Homes for Sale
Marion Homes for Sale
Mount Morris Homes for Sale
Rockvale Homes for Sale
Ridott Homes for Sale
Seward Homes for Sale
Silver Creek Homes for Sale
Top Real Estate Agents
Top Agents in Leaf River
Top Agents in 61010
Top Agents in Byron
Top Agents in 61088
Top Agents in Byron
Top Agents in Winnebago
Top Agents in Marion
Top Agents in Mount Morris