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Rockford 61114 Northeast
5855 Thatcher Drive
$185,000
● House - Off Market

5855 Thatcher Drive

Rockford, IL 61114
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,751 Ft²
$1,510
Est. Monthly
$33
HOA / Fees
12.32%
Cap Rate

About This Property

SOLD BEFORE PRINT
Unit Size
2,751 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$67
Property Type
House
Property Taxes
$568
HOA Dues
$33
Year Built
1981

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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.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 2,058
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 750
  • Total Building Area: 4,692
  • Gross Building Area: 4,692
  • Building Area: 2,751
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,751
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRINGLAKE ESTATES PLAT 12
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: SPRINGLAKE ESTATES PLAT 12 NE 1/4 SEC9-44-2 LOT 343

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 000516

Zoning

  • Zoning: R1

Geography

  • Parcel: 12-09-228-004
  • Lot: 343
  • Municipality: ROCKFORD
  • Latitude: 42.3084
  • Longitude: -89.0018

    Address

  • Full Address: 5855 Thatcher Dr
  • Address - House Number: 5855
  • Address - Street Name: Thatcher
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rockford
  • Carrier Code: R015
  • 4-Digit Zip Code: 5538
  • Zip Code: 61114

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $663,388
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2225
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 254,756
  • High Value: 311,446
  • Low Value: 198,065

    Market Valuation

  • Market Total Value: $192,189
  • Market Land Value: $24,018
  • Market Improvement Value: $168,171

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,063
  • Assessed Land Value: $8,006
  • Assessed Improvements Value: $56,057

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25009
  • Previous Sale Recording Date: May 24, 2018
  • Previous Sale Contract Date: May 23, 2018
  • Previous Sale Amount: $161,000
  • Previous Sale Document Type: 27
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 Northeast

Stats & Trends

Median Asking:

$239,000

Sale Price/ft²

$133

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2525 ft²

Average Home Age

64 years

Currently For Sale

52 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

Unit for rent at 1127 Prestwick Parkway, Rockford, IL, 61107

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,133 ft²
1127 Prestwick Parkway, Rockford, IL, 61107 Listing by Kathy Farokhi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Angel Navarro, RE/MAX 10 Lincoln Park
Data Source: MRED, MLS# MRD12309800
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 5855 Thatcher Drive built and last sold?
The property at 5855 Thatcher Drive was built in 1981 and last sold on Jul 12, 2021 for $200,000.
How much is this home worth?
The estimated value of the home located at 5855 Thatcher Drive is $196,220.
What are some comparable homes to 5855 Thatcher Drive?
There are currently no comparable homes to 5855 Thatcher Drive.
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