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Heyworth 61745
603 Arrowhead Lane
$185,000
● House - Off Market

603 Arrowhead Lane

Heyworth, IL 61745
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,016 Ft²
$190,507
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Updated 5 bedroom, 2 bath home with a 4 car garage!!! Family room opens to a large remodeled eat-in kitchen featuring island & French doors leading to back deck. All kitchen appliances remain. 3 bedrooms, bath, & laundry complete the upper level. Below you will find an additional 2 bedrooms, full bath, family room with lookout window & storage. HUGE GARAGE (24'x27' front section & 23'x24' back section)!!! Fenced yard. Heyworth is a wonderful place to call home with sought after school district.
Unit Size
2,016 Ft²
Days on Market
-
Land Size
-
Price per sqft
$92
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1989

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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.

Last updated: 3 years ago (MRED MLS #11318489)

Price History

Date / Event Date Event Price
Mar 18, 2022 Sold
Premium
Sold
Feb 4, 2022 Listed by BHHS Central Illinois REALTORS $185,000
Listed by BHHS Central Illinois REALTORS

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,840
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN KNOLLS
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 1ST ADD TO INDIAN KNOLLS SUB LOT 42

Neighborhood

  • School District Name: Heyworth Community Unit School District 4
  • Census Tract: 005402

Geography

  • District: 25
  • Parcel: 28-34-155-009
  • Lot: 42
  • Meridian: SEC 34 TWN 22N RNG 02E
  • Municipality: RANDOLPH
  • Latitude: 40.3209
  • Longitude: -88.9742

    Address

  • Full Address: 603 Arrowhead
  • Address - House Number: 603
  • Address - Street Name: Arrowhead
  • State: IL
  • City Name: Heyworth
  • Carrier Code: R001
  • 4-Digit Zip Code: 9342
  • Zip Code: 61745

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $411,588
  • Tax Rate Code Area: 2506

    Appraisal Valuation

  • Standard Deviation: 0.1567
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 204,101
  • High Value: 236,094
  • Low Value: 172,108

    Market Valuation

  • Market Total Value: $158,571
  • Market Land Value: $19,113
  • Market Improvement Value: $139,458

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,857
  • Assessed Land Value: $6,371
  • Assessed Improvements Value: $46,486

    Sales

  • Current Sale Contract Date: Mar 18, 2022
  • Current Sale Recording Date: Mar 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5423
  • Previous Sale Recording Date: Apr 29, 2020
  • Previous Sale Contract Date: Apr 23, 2020
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: 71
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 Heyworth

Stats & Trends

Median Asking:

$234,950

Sale Price/ft²

$131

Below Asking

0.01%

Average Days on Market

41

Average Home Size

2048 ft²

Average Home Age

28.8 years

Currently For Sale

6 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 306 Wigwam St, IL, 61745

$871 /mo

  • 1 Bed
  • 1 Bath
306 Wigwam St, IL, 61745 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amanda Kinsella, BHHS Central Illinois REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11318489
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 603 Arrowhead Lane built and last sold?
The property at 603 Arrowhead Lane was built in 1989 and last sold on Mar 18, 2022 for $185,000.
How much is this home worth?
The estimated value of the home located at 603 Arrowhead Lane is $186,850.
What are some comparable homes to 603 Arrowhead Lane?
There are currently no comparable homes to 603 Arrowhead Lane.
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