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Varna 61375
511 Walnut Street
$110,000
● House - Off Market

511 Walnut Street

Varna, IL 61375
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,160 Ft²
$674
Est. Monthly
34.35%
Cap Rate

About This Property

This well maintained colonial style home is in the heart of Varna. Spacious bedrooms and a large kitchen will be enjoyed by everyone. Nice wood deck off the kitchen which leads to the backyard and detached garage. This is a must see!!
Unit Size
1,160 Ft²
Days on Market
-
Land Size
-
Price per sqft
$99
Property Type
House
Property Taxes
$109
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: 3 years ago (MRED MLS #12012112)

Price History

Date / Event Date Event Price
May 6, 2024 Sold
Premium
Sold
Apr 5, 2024 Listed by Local Realty Group, Inc. $115,000
Listed by Local Realty Group, Inc.

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: 200
  • 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: 14,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 950
  • Total Building Area: 0
  • Building Area: 1,076
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,076
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOYTS SECOND ADDITION
  • Land Acres: 0000000327
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOT 12 BLK 6 EX N 55 FT HOYTS SECOND ADDITION LOT SIZE: 95 X 150

Neighborhood

  • School District Name: Midland Community Unit School District 7
  • Census Tract: 961100

Geography

  • Parcel: 06-28-252-010
  • Block: 6
  • Lot: 12
  • Municipality: ROBERTS
  • Latitude: 41.0395
  • Longitude: -89.2274

    Address

  • Full Address: 511 Walnut St
  • Address - House Number: 511
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Varna
  • Carrier Code: R777
  • 4-Digit Zip Code: 8903
  • Zip Code: 61375

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $130,322
  • Tax Rate Code Area: RO001

    Appraisal Valuation

  • Standard Deviation: 0.2503
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 64
  • Final Value: 90,059
  • High Value: 112,605
  • Low Value: 67,514

    Market Valuation

  • Market Total Value: $66,537
  • Market Land Value: $7,269
  • Market Improvement Value: $59,268

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,179
  • Assessed Land Value: $2,423
  • Assessed Improvements Value: $19,756

    Exemptions

  • Homeowner Exemption: Yes
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 Varna

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Nearby Rentals

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MRED

Listed by: Donna Bayler, Local Realty Group, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12012112
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 Walnut Street built and last sold?
The property at 511 Walnut 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 511 Walnut Street is $0.
What are some comparable homes to 511 Walnut Street?
There are currently no comparable homes to 511 Walnut Street.
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