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Mendota 61342
506 4th Avenue
$67,000
● House - Off Market

506 4th Avenue

Mendota, IL 61342
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,002 Ft²
$70,117
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

FIRST TIME BUYERS*INVESTORS*DOWN SIZING! THIS HOUSE IS PERFECT! HOME HAS UPDATES INCLUDING: GUTTER GUARDS, FURNACE/ AC UNIT, SHINGLES, FLOORING, CARPET, BATHROOM VANITY/SINK AND VINYL REPLACEMENT WINDOWS. HOME HAS LOTS OF CURB APPEAL. IT OFFERS A 354 SQ FT CAR PORT LOCATED OFF OF ALLEY AND SITS ON LARGE LOT! NEW PLUMBING THROUGHOUT. ELECTRICAL SERVICE IS CIRCUIT BREAKERS AND FRONT PORCH IS HEATED! A MUST SEE TO APPRECIATE! BEING SOLS AS IS.
Unit Size
1,002 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$70
Property Type
House
Property Taxes
$73
HOA Dues
-
Year Built
1895

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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 #11772658)

Price History

Date / Event Date Event Price
Jun 9, 2023 Sold
Premium
Sold
May 2, 2023 Listed by Town & Country Realty Sales $70,000
Listed by Town & Country Realty Sales

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • 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: 8,712
  • Total Building Area: 952
  • Gross Building Area: 952
  • Building Area: 952
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MENDOTA (ORIGINAL TOWN)
  • Land Acres: 0000000200
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: TOWN OF MENDOTA, LT 4 BLK 40 SEC 33-36-1

Neighborhood

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

Geography

  • District: MD
  • Parcel: 01-33-408-012
  • Block: 40
  • Lot: 4
  • Meridian: SEC 33 TWN 36 RNG 01
  • Municipality: MENDOTA TOWNSHIP
  • Latitude: 41.5459
  • Longitude: -89.1135

    Address

  • Full Address: 506 4th Ave
  • Address - House Number: 506
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mendota
  • Carrier Code: C003
  • 4-Digit Zip Code: 2235
  • Zip Code: 61342

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $91,316
  • Tax Rate Code Area: MD002

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 203,849
  • High Value: 286,408
  • Low Value: 121,289

    Market Valuation

  • Market Total Value: $48,294
  • Market Land Value: $14,718
  • Market Improvement Value: $33,576

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,098
  • Assessed Land Value: $4,906
  • Assessed Improvements Value: $11,192

    Sales

  • Current Sale Contract Date: Jun 09, 2023
  • Current Sale Recording Date: Jun 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-05716
  • Previous Sale Recording Date: Oct 16, 2009
  • Previous Sale Contract Date: Oct 14, 2009
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

$112

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1534 ft²

Average Home Age

92.8 years

Currently For Sale

10 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: Rebecca McPheeters, Town & Country Realty Sales
Last Updated: 3 years ago
Data Source: MRED, MLS# 11772658
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 506 4th Avenue built and last sold?
The property at 506 4th Avenue was built in 1895 and last sold on Jun 9, 2023 for $67,000.
How much is this home worth?
The estimated value of the home located at 506 4th Avenue is $71,638.
What are some comparable homes to 506 4th Avenue?
There are currently no comparable homes to 506 4th Avenue.
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