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Belvidere 61008
525 Allen Street
$147,000
● House - Off Market

525 Allen Street

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,432 Ft²
$165,442
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Lovely well-maintained home on corner lot with 3 bedrooms (2 up/1 down), 1 full bath, 2.5 car garage on a corner lot.  Just minutes from I-90 entrance/exit ramps and walking distance to grade school.  Spacious eat-in kitchen, living room, separate dining room, front porch, and enclosed back porch. Elevated ceilings on the fist floor. Vinyl replacement windows.  First floor bedroom could be used as an office also.  Bonus room on 2nd floor which currently serves as a large walk-in closet.  Vinyl siding, roof 2014, central air 2012.  Boiler heat with an additional hvac forced air unit that serves the air conditioning unit.   All appliances stay!
Unit Size
1,432 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$103
Property Type
House
Property Taxes
$113
HOA Dues
-
Year Built
1900

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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 #11132508)

Price History

Date / Event Date Event Price
Oct 8, 2021 Sold
Premium
Sold
Jun 23, 2021 Listed by Berkshire Hathaway HomeServices Starck Real Estate $147,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1994
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 716
  • Garage Type: 7
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,032
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,432
  • Building Area: 1,432
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 3
  • Heated Square Feet: 1,432
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAGEMEIRS 1ST ADD
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 35-44-3 LT 9 BLK 1 HAGEMEIRS 1ST ADD 525 ALLEN ST

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010300

Geography

  • Account Number: 05-05-35-230-013
  • District: 050
  • Parcel: 05-35-230-013
  • Block: 1
  • Lot: 9
  • Municipality: BELVIDERE
  • Latitude: 42.2515
  • Longitude: -88.8463

    Address

  • Full Address: 525 Allen St
  • Address - House Number: 525
  • Address - Street Name: Allen
  • Address - Suffix Type: St
  • State: IL
  • City Name: Belvidere
  • Carrier Code: C005
  • 4-Digit Zip Code: 5117
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $282,622

    Appraisal Valuation

  • Standard Deviation: 0.134
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 84
  • Final Value: 142,967
  • High Value: 162,134
  • Low Value: 123,801

    Market Valuation

  • Market Total Value: $105,546
  • Market Land Value: $18,741
  • Market Improvement Value: $86,805

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,182
  • Assessed Land Value: $6,247
  • Assessed Improvements Value: $28,935

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 26
  • Previous Sale Recording Date: Dec 10, 2015
  • Previous Sale Contract Date: Dec 10, 2015
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Belvidere

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$146

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1411 ft²

Average Home Age

75.1 years

Currently For Sale

16 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: Christina Oysti, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11132508
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 525 Allen Street built and last sold?
The property at 525 Allen Street was built in 1900 and last sold on Oct 8, 2021 for $147,000.
How much is this home worth?
The estimated value of the home located at 525 Allen Street is $152,496.
What are some comparable homes to 525 Allen Street?
There are currently no comparable homes to 525 Allen Street.
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