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Streator 61364
6 Ridge Road
$85,000
● House - Off Market

6 Ridge Road

Streator, IL 61364
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,427 Ft²
$185,822
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

Corporate owned / sold as-is  / addendum required upon accepted offer / no survey or disclosure provided / buyer responsible for any required inspections / pre-approval or verification of funds required  / EM certified funds only / Allow ample time for response to offers /  Great investment property. This property is approved for ExpressPath  Financing. Please contact LO for more info.
Unit Size
1,427 Ft²
Days on Market
-
Land Size
-
Price per sqft
$70
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1948

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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

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 10,454
  • Total Building Area: 1,865
  • Gross Building Area: 1,865
  • Building Area: 1,865
  • Building Area Measurement: T

    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: OAK HILLS ADD
  • Land Acres: 0000000240
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: OAK HILLS ADD E 1/2 NW 1/4 SEC 26-31-3, LT 6

Neighborhood

  • School District Name: Streator Township High School District 40
  • Census Tract: 963900

Geography

  • District: BR
  • Section: 26
  • Parcel: 33-26-110-003
  • Lot: 6
  • Meridian: SEC 26 TWN 31 RNG 03
  • Municipality: BRUCE TOWNSHIP
  • Latitude: 41.1315
  • Longitude: -88.8477

    Address

  • Full Address: 6 Ridge Rd
  • Address - House Number: 6
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Streator
  • Carrier Code: C001
  • 4-Digit Zip Code: 1428
  • Zip Code: 61364

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $405,040
  • Tax Rate Code Area: BR003

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 92,586
  • High Value: 105,191
  • Low Value: 79,980

    Market Valuation

  • Market Total Value: $100,593
  • Market Land Value: $24,735
  • Market Improvement Value: $75,858

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,531
  • Assessed Land Value: $8,245
  • Assessed Improvements Value: $25,286

    Sales

  • Current Sale Contract Date: Jun 17, 2015
  • Current Sale Recording Date: Jun 19, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201511512
  • Previous Sale Recording Date: Jul 17, 2014
  • Previous Sale Contract Date: Jun 16, 2014
  • Previous Sale Document Type: 30

    Financing

  • First Mortgage Financing Type: FIX
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 Streator

Stats & Trends

Median Asking:

$138,000

Sale Price/ft²

$106

Below Asking

0.02%

Average Days on Market

49

Average Home Size

1186 ft²

Average Home Age

107.3 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

Unit for rent at 214 S Bloomington Street, Streator, IL, 61364

$825 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
214 S Bloomington Street #1, Streator, IL, 61364 Listing by Shawn Sell

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Art Weller, Three Rivers Realty, Inc
Data Source: MRED, MLS# MRD06737141
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 6 Ridge Road built and last sold?
The property at 6 Ridge Road was built in 1948 and last sold on Jun 17, 2015 for $97,000.
How much is this home worth?
The estimated value of the home located at 6 Ridge Road is $114,429.
What are some comparable homes to 6 Ridge Road?
There are currently no comparable homes to 6 Ridge Road.
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