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Whiteside 61081
505 Oak Avenue
$78,000
● House - Off Market

505 Oak Avenue

Sterling, IL 61081
bedrooms
2 Beds
bathrooms
1 Bath
square feet
734 Ft²
$493
Est. Monthly
14.01%
Cap Rate

About This Property

Charming and cozy, this 2-bedroom, 1-bath home offers comfortable living with great potential! Enjoy newer carpet in the bedrooms and a practical layout that includes a spacious laundry/utility mudroom-perfect for added storage and everyday convenience. The large two-car detached garage features a new steel roof and new garage door, offering both durability and ample workspace or parking. Situated on a generously sized yard, there's plenty of room to relax, garden, or play. Whether you're looking for a starter home, downsizing, or investing in a rental property, this home is full of opportunity!
Unit Size
734 Ft²
Days on Market
-
Land Size
-
Price per sqft
$102
Property Type
House
Property Taxes
$125
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.

Property Highlights

Garage

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: 9,900
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 750
  • 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: STEELTON SUBDIVISION
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: STEELTON SUBD LOT 10 BLK 1 572400X

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001000

Geography

  • Account Number: 70299
  • District: 10
  • Parcel: 1119401008
  • Block: 1
  • Lot: 10
  • Municipality: STERLING
  • Latitude: 41.7935
  • Longitude: -89.7367

    Address

  • Full Address: 505 Oak Ave
  • Address - House Number: 505
  • Address - Street Name: Oak
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C013
  • 4-Digit Zip Code: 1861
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $102,950
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 47,670
  • High Value: 53,608
  • Low Value: 41,731

    Market Valuation

  • Market Total Value: $28,905
  • Market Land Value: $6,909
  • Market Improvement Value: $21,996

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $9,635
  • Assessed Land Value: $2,303
  • Assessed Improvements Value: $7,332

    Sales

  • Current Sale Contract Date: Oct 12, 2012
  • Current Sale Recording Date: Oct 16, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012-07698
  • Previous Sale Recording Date: Aug 14, 2012
  • Previous Sale Contract Date: Aug 09, 2012
  • Previous Sale Document Type: 30

    Financing

  • First Mortgage Financing Type: UNK
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 Whiteside

Stats & Trends

Median Asking:

$152,950

Sale Price/ft²

$111

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1690 ft²

Average Home Age

78.8 years

Currently For Sale

123 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: Amanda Cook, Kophamer & Blean Realty
Data Source: MRED, MLS# MRD12421219
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 Oak Avenue built and last sold?
The property at 505 Oak Avenue was built in and last sold on Oct 12, 2012 for $19,000.
How much is this home worth?
The estimated value of the home located at 505 Oak Avenue is $76,467.
What are some comparable homes to 505 Oak Avenue?
There are currently no comparable homes to 505 Oak Avenue.
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