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Lincoln 62656
539 8th Street
$132,600
● House - Off Market

539 8th Street

Lincoln, IL 62656
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,008 Ft²
$792
Est. Monthly
12.98%
Cap Rate

About This Property

Updated and Spacious 3 bed, 2 bath, main level laundry, spacious rooms throughout, fully fenced rear yard, and large deck make this a must see.  recent upgrades total over 6k were water heater, flooring, plumbing, driveway, and more.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$132
Property Type
House
Property Taxes
$141
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.

Property Highlights

Parking Available
Air Conditioning

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: 9,192
  • 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: HOBLIT'S SUB DIV
  • Land Acres: 0000000211
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 12-1520 E 40 FT OF N 213 FT 7 IN OF LOT 20 HOBLIT'S SUB DIV LOT 2 LINCOLN HILL ADDN TO LINCOLN

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953400

Geography

  • District: 12
  • Parcel: 12-360-020-00
  • Lot: 2,20
  • Municipality: WEST LINCOLN
  • Latitude: 40.1502
  • Longitude: -89.3765

    Address

  • Full Address: 539 8th St
  • Address - House Number: 539
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C007
  • 4-Digit Zip Code: 2563
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $160,278
  • Tax Rate Code Area: 12004

    Appraisal Valuation

  • Standard Deviation: 0.1168
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 87
  • Final Value: 101,106
  • High Value: 112,921
  • Low Value: 89,291

    Market Valuation

  • Market Total Value: $67,440
  • Market Land Value: $14,220
  • Market Improvement Value: $53,220

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,480
  • Assessed Land Value: $4,740
  • Assessed Improvements Value: $17,740

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 22, 2023
  • Current Sale Recording Date: May 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023001534
  • Previous Sale Recording Date: May 11, 2020
  • Previous Sale Contract Date: May 08, 2020
  • Previous Sale Amount: $78,000
  • Previous Sale Document Type: 71

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
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 Lincoln

Stats & Trends

Median Asking:

$112,500

Sale Price/ft²

$81

Below Asking

0.03%

Average Days on Market

67

Average Home Size

2195 ft²

Average Home Age

128 years

Currently For Sale

2 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: Cindy Eckols, RE/MAX Choice
Data Source: MRED, MLS# MRD12351469
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 539 8th Street built and last sold?
The property at 539 8th Street was built in and last sold on May 22, 2023 for $112,000.
How much is this home worth?
The estimated value of the home located at 539 8th Street is $0.
What are some comparable homes to 539 8th Street?
There are currently no comparable homes to 539 8th Street.
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