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Rock Falls 61071
511 9th Avenue
$110,000
● House - Off Market

511 9th Avenue

Rock Falls, IL 61071
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,550 Ft²
$118,900
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Nothing to do but fall in love with this move in ready home boasting a first floor master suite. New windows throughout the entire home fill it with natural light. Spacious living and family rooms open to the adorable kitchen with new backsplash and newer appliances. Upstairs are three more bedrooms of varying sizes. Deep pour concrete block basement provides lots of storage and tall ceilings. Mechanicals are less than 5 years old. Newer copper plumbing. Updated electrical. New epoxy floor in the garage and front porch. Exterior recently painted. Close to dinning shopping and more.
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$74
Property Type
House
Property Taxes
$126
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.

Last updated: 3 years ago (MRED MLS #11417323)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
May 27, 2022 Listed by Keller Williams Infinity $115,000
Listed by Keller Williams Infinity

Property Highlights

Garage
Air Conditioning
Parking Available

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: 5,810
  • Lot Size Depth Feet: 825
  • Lot Size Frontage Feet: 700
  • 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: MERRILL AND HAPGOODS ADDITION
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: MERRILL & HAPGOODS W 1/2 OF LOT 7 BLK 7 129600X

Neighborhood

  • School District Name: Rock Falls Elementary School District 13
  • Census Tract: 001600

Geography

  • Account Number: 112740
  • District: 11
  • Parcel: 1128332007
  • Block: 7
  • Lot: 7
  • Municipality: COLOMA
  • Latitude: 41.776
  • Longitude: -89.7002

    Address

  • Full Address: 511 9th Ave
  • Address - House Number: 511
  • Address - Street Name: 9th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rock Falls
  • Carrier Code: C001
  • 4-Digit Zip Code: 1142
  • Zip Code: 61071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $162,412
  • Tax Rate Code Area: 01110

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 66,055
  • High Value: 74,283
  • Low Value: 57,826

    Market Valuation

  • Market Total Value: $60,135
  • Market Land Value: $6,510
  • Market Improvement Value: $53,625

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,045
  • Assessed Land Value: $2,170
  • Assessed Improvements Value: $17,875

    Sales

  • Current Sale Contract Date: Aug 23, 2022
  • Current Sale Recording Date: Aug 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5282
  • Previous Sale Recording Date: Jun 26, 2008
  • Previous Sale Contract Date: Jun 24, 2008
  • Previous Sale Amount: $27,000
  • 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 Rock Falls

Stats & Trends

Median Asking:

$116,950

Sale Price/ft²

$98

Below Asking

0.03%

Average Days on Market

45

Average Home Size

1275 ft²

Average Home Age

65.7 years

Currently For Sale

14 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: Justin Pillion, Keller Williams Infinity
Last Updated: 3 years ago
Data Source: MRED, MLS# 11417323
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 511 9th Avenue built and last sold?
The property at 511 9th Avenue was built in and last sold on Aug 23, 2022 for $110,000.
How much is this home worth?
The estimated value of the home located at 511 9th Avenue is $0.
What are some comparable homes to 511 9th Avenue?
There are currently no comparable homes to 511 9th Avenue.
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