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Kappa 61738
508 Jones Street
$151,000
● House - Off Market

508 Jones Street

Kappa, IL 61738
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,334 Ft²
$136,464
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

This adorable 3 bedroom, 2 bathroom ranch home sits on an enormous corner lot. Open Floor plan and lots of natural light with vaulted ceilings and fireplace in the living room. The eat in kitchen has a pantry and plenty of cabinet and counter space. Master ensuite with walk in closet. 2 car garage with an epoxied floor. Newer landscaping around the house and a storage shed in the backyard. No backyard neighbors!
Unit Size
1,334 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
2006

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11400549)

Price History

Date / Event Date Event Price
Jun 27, 2022 Sold
Premium
Sold
May 10, 2022 Listed by Keller Williams Revolution $134,900
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • 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: 13,939
  • Total Building Area: 1,320
  • Building Area: 1,320
  • Building Area Measurement: M

    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: FUNKS ADDITION TO KAPPA
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: T26N - R2E - S32 FUNKS ADDN TO KAPPA LOT 1

Neighborhood

  • School District Name: El Paso-Gridley Community Unit School District 11
  • Census Tract: 030700

Geography

  • District: 16
  • Parcel: 16-32-212-001
  • Lot: 1
  • Meridian: SEC 32 TWN 26N RNG 02E
  • Municipality: EL PASO
  • Latitude: 40.6773
  • Longitude: -89.0129

    Address

  • Full Address: 508 Jones St
  • Address - House Number: 508
  • Address - Street Name: Jones
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kappa
  • Carrier Code: R001
  • 4-Digit Zip Code: 1819
  • Zip Code: 61738

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $313,440
  • Tax Rate Code Area: 16002

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 70
  • Final Value: 159,254
  • High Value: 193,294
  • Low Value: 125,213

    Market Valuation

  • Market Total Value: $132,294
  • Market Land Value: $27,948
  • Market Improvement Value: $104,346

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,098
  • Assessed Land Value: $9,316
  • Assessed Improvements Value: $34,782

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2543
  • Previous Sale Recording Date: Oct 06, 2017
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71
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 Kappa

Stats & Trends

Median Asking:

$197,450

Sale Price/ft²

$106

Above Asking

0.00%

Average Days on Market

36

Average Home Size

1632 ft²

Average Home Age

23 years

Currently For Sale

1 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: Adrianne Cornejo, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11400549
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 Jones Street built and last sold?
The property at 508 Jones Street was built in 2006 and last sold on Jun 27, 2022 for $151,000.
How much is this home worth?
The estimated value of the home located at 508 Jones Street is $0.
What are some comparable homes to 508 Jones Street?
There are currently no comparable homes to 508 Jones Street.
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