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Henry 61537
508 James Street
$65,000
● House - Off Market

508 James Street

Henry, IL 61537
bedrooms
2 Beds
bathrooms
1 Bath
square feet
907 Ft²
$444
Est. Monthly
32.49%
Cap Rate

About This Property

Move Right In!  Cozy 2 bedroom, 1 bath home in Henry.  Updated siding and roof and the spacious 2 car garage.  Furnace 2014.  Nice laminate flooring.  French Doors to one bedroom.  large closet in the 2nd bedroom.  Large eat-in kitchen.  The enclosed porch makes a great recreation room, would need heat added. There is an unheated Sun Porch also.  There is as a Washer and Dryer Closet.  This is a great Starter Home or Income Property! A "Must See"!
Unit Size
907 Ft²
Days on Market
-
Land Size
-
Price per sqft
$82
Property Type
House
Property Taxes
$78
HOA Dues
-
Year Built
1920

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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 #11936419)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Nov 25, 2023 Listed by Coldwell Banker Today's, Realtors $74,500
Listed by Coldwell Banker Today's, Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 4,800
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 400
  • Total Building Area: 0
  • Building Area: 907
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 907
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DAVIS ADD
  • Land Acres: 0000000110
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOT 61 DAVIS ADDITION. LOT SIZE: 40 X 120

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 961200

Geography

  • Parcel: 03-16-211-002
  • Lot: 61
  • Municipality: HENRY
  • Latitude: 41.1154
  • Longitude: -89.358

    Address

  • Full Address: 508 James St
  • Address - House Number: 508
  • Address - Street Name: James
  • Address - Suffix Type: St
  • State: IL
  • City Name: Henry
  • Carrier Code: C001
  • 4-Digit Zip Code: 1127
  • Zip Code: 61537

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $93,722
  • Tax Rate Code Area: HE001

    Appraisal Valuation

  • Standard Deviation: 0.0846
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 93
  • Final Value: 70,028
  • High Value: 75,956
  • Low Value: 64,101

    Market Valuation

  • Market Total Value: $33,249
  • Market Land Value: $6,738
  • Market Improvement Value: $26,511

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,083
  • Assessed Land Value: $2,246
  • Assessed Improvements Value: $8,837
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 Henry

Stats & Trends

Median Asking:

$109,006

Sale Price/ft²

$90

Below Asking

0.01%

Average Days on Market

79

Average Home Size

1449 ft²

Average Home Age

69.7 years

Currently For Sale

3 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

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MRED

Listed by: Bonnie Lester, Coldwell Banker Today's, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 11936419
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 508 James Street built and last sold?
The property at 508 James Street was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 508 James Street is $0.
What are some comparable homes to 508 James Street?
There are currently no comparable homes to 508 James Street.
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