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Benson 61516
602 State Street
$96,500
● House - Off Market

602 State Street

Benson, IL 61516
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,039 Ft²
$101,503
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Welcome home! 602 State St is conveniently located on the edge of town where you can enjoy in town living with a country feel. No backyard neighbors! Modern kitchen and fresh paint throughout most of the main level. Main level laundry! Second floor offers plenty of storage space. 1 car detached garage. Storage shed stays. AS IS SALE.
Unit Size
1,039 Ft²
Days on Market
-
Land Size
-
Price per sqft
$95
Property Type
House
Property Taxes
$119
HOA Dues
-
Year Built
1900

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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 #11706355)

Price History

Date / Event Date Event Price
Mar 15, 2023 Sold
Premium
Sold
Jan 24, 2023 Listed by RE/MAX Choice $98,500
Listed by RE/MAX Choice

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 15,022
  • Total Building Area: 1,246
  • Building Area: 1,246
  • Building Area Measurement: M

    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: JOHN W
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: T28N - R1E - S33 LOTS 1,2,3 BLK 11 JOHN WEASTS ADDN TO BENSON

Neighborhood

  • School District Name: Roanoke-Benson Community Unit School District 60
  • Census Tract: 030200

Geography

  • District: 05
  • Parcel: 05-33-133-001
  • Block: 11
  • Lot: 1-3
  • Meridian: SEC 33 TWN 28N RNG 01E
  • Municipality: CLAYTON
  • Latitude: 40.8488
  • Longitude: -89.1187

    Address

  • Full Address: 602 State St
  • Address - House Number: 602
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: IL
  • City Name: Benson
  • Carrier Code: R777
  • 4-Digit Zip Code: 9679
  • Zip Code: 61516

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $150,814
  • Tax Rate Code Area: 5003

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 70
  • Final Value: 93,609
  • High Value: 113,618
  • Low Value: 73,600

    Market Valuation

  • Market Total Value: $73,383
  • Market Land Value: $21,030
  • Market Improvement Value: $52,353

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,461
  • Assessed Land Value: $7,010
  • Assessed Improvements Value: $17,451

    Sales

  • Current Sale Contract Date: Mar 15, 2023
  • Current Sale Recording Date: Mar 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 808
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 Benson

Stats & Trends

Median Asking:

$87,450

Sale Price/ft²

$82

Above Asking

0.00%

Average Days on Market

72

Average Home Size

1179 ft²

Average Home Age

156 years

Currently For Sale

0 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: Larissa Kiefer, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11706355
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 602 State Street built and last sold?
The property at 602 State Street was built in 1900 and last sold on Mar 15, 2023 for $96,500.
How much is this home worth?
The estimated value of the home located at 602 State Street is $0.
What are some comparable homes to 602 State Street?
There are currently no comparable homes to 602 State Street.
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