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Freeport 61032
58 N Mernitz Avenue
$145,000
● House - Off Market

58 N Mernitz Avenue

Freeport, IL 61032
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,145 Ft²
$149,213
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

3bedroom, 3 bath, 2 story house, very well maintained with lots of updates few years back including roof and some of the windows, open space throughout the house, plenty of cabinet space in the kitchen. Huge game room in the basement with full bath and jacuzzi. Beautiful natural woodwork throughout. Cozy den with custom built-in bookshelves. Separate dining room and leaving room with gas, free standing fireplace. Family room addition with large windows overlooking beautiful backyard. 3 season room. Plenty of storage space and 70-gallon water heater. Close to shopping, public transportation and state highway
Unit Size
2,145 Ft²
Days on Market
-
Land Size
-
Price per sqft
$68
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1907

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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 #11315200)

Price History

Date / Event Date Event Price
Mar 11, 2022 Sold
Premium
Sold
Feb 1, 2022 Listed by Landmark Realtors $144,900
Listed by Landmark Realtors

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,145
  • Building Area: 2,145
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,145
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERNITZ SUBDIVISION
  • Land Acres: 0000000193
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LT 24 MERNITZ SUB

Neighborhood

  • School District Name: Freeport School District 145
  • Census Tract: 000900

Geography

  • District: 18
  • Parcel: 18-13-36-177-020
  • Lot: 24
  • Municipality: FREEPORT
  • Latitude: 42.2971
  • Longitude: -89.6431

    Address

  • Full Address: 58 N Mernitz Ave
  • Address - House Number: 58
  • Street Direction: N
  • Address - Street Name: Mernitz
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Freeport
  • Carrier Code: C007
  • 4-Digit Zip Code: 3720
  • Zip Code: 61032

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $432,366
  • Tax Rate Code Area: 18001

    Appraisal Valuation

  • Standard Deviation: 0.1188
  • Valuation Date: May 31, 2023
  • Confidence Score: 87
  • Final Value: 138,363
  • High Value: 154,807
  • Low Value: 121,918

    Market Valuation

  • Market Total Value: $122,502
  • Market Land Value: $10,317
  • Market Improvement Value: $112,185

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,834
  • Assessed Land Value: $3,439
  • Assessed Improvements Value: $37,395

    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 Freeport

Stats & Trends

Median Asking:

$125,000

Sale Price/ft²

$89

Below Asking

0.03%

Average Days on Market

53

Average Home Size

2033 ft²

Average Home Age

79.6 years

Currently For Sale

42 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: Waldemar Komendzinski, Landmark Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11315200
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 58 North Mernitz Avenue built and last sold?
The property at 58 North Mernitz Avenue was built in 1907 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 58 North Mernitz Avenue is $0.
What are some comparable homes to 58 North Mernitz Avenue?
There are currently no comparable homes to 58 North Mernitz Avenue.
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