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Oglesby 61348
508 Mormon Street
$27,500
● House - Off Market

508 Mormon Street

Oglesby, IL 61348
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,088 Ft²
$37,180
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

2 bedroom home which needs a lot of attention- Home Sold "AS IS". Decent neighborhood. Roof appears to be in good shape. Utilities have been off since 2020 but home was winterized. Central a/c and gas forced air furnace may or may not work. Vacant and Easy To Show. Use caution inside and bring flashlight with you.
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$27
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
-

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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: 2 years ago (MRED MLS #11025428)

Price History

Date / Event Date Event Price
Mar 26, 2021 Sold
Premium
Sold
Mar 18, 2021 Listed by Coldwell Banker Today's, Realtors $29,900
Listed by Coldwell Banker Today's, Realtors

Property Highlights

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: 9,148
  • 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: CARBON COAL CO S SUB
  • Land Acres: 0000000210
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: CARBON COAL CO SUB, W30' LT 31 & E30' LT 32 SEC 25-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963400

Geography

  • District: LS
  • Parcel: 18-25-101-013
  • Lot: 31-32
  • Meridian: SEC 25 TWN 33 RNG 01
  • Municipality: LASALLE TOWNSHIP
  • Latitude: 41.306
  • Longitude: -89.0674

    Address

  • Full Address: 508 Mormon St
  • Address - House Number: 508
  • Address - Street Name: Mormon
  • Address - Suffix Type: St
  • State: IL
  • City Name: Oglesby
  • Carrier Code: C002
  • 4-Digit Zip Code: 1031
  • Zip Code: 61348

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $231,838
  • Tax Rate Code Area: LS007

    Appraisal Valuation

  • Standard Deviation: 0.2707
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 61
  • Final Value: 71,034
  • High Value: 90,268
  • Low Value: 51,800

    Market Valuation

  • Market Total Value: $75,810
  • Market Land Value: $6,672
  • Market Improvement Value: $69,138

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,270
  • Assessed Land Value: $2,224
  • Assessed Improvements Value: $23,046

    Sales

  • Current Sale Contract Date: Apr 23, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-07189
  • Previous Sale Recording Date: Mar 26, 2021
  • Previous Sale Contract Date: Mar 23, 2021
  • Previous Sale Amount: $27,500
  • 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 Oglesby

Stats & Trends

Median Asking:

$162,000

Sale Price/ft²

$130

Below Asking

0.04%

Average Days on Market

49

Average Home Size

1649 ft²

Average Home Age

77.6 years

Currently For Sale

8 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: Garry Schroeder, Coldwell Banker Today's, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 11025428
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 Mormon Street built and last sold?
The property at 508 Mormon Street was built in and last sold on Apr 23, 2021 for $27,500.
How much is this home worth?
The estimated value of the home located at 508 Mormon Street is $0.
What are some comparable homes to 508 Mormon Street?
There are currently no comparable homes to 508 Mormon Street.
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