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Gridley 61744
603 McLean Street
$120,000
● House - Off Market

603 McLean Street

Gridley, IL 61744
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,125 Ft²
$146,255
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Adorable, Updated, 3-Bedroom Ranch Home! Spacious living room with hardwood floors & streams of sunlight beaming in through the front windows! Contemporary kitchen with eat-in dining area and standard appliance package. Three good-sized bedrooms; two are carpeted and one has hardwood. Updated bathroom immediately off of the Master Bdrm. Updated Laundry/Mudroom directly off of garage entrance. Nicely painted throughout. Newer front deck, 1-car attached garage, and a storage shed with easy access. Central Air (2014) - Furnace and Water Heater (2010).
Unit Size
1,125 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$111
Property Type
House
Property Taxes
$137
HOA Dues
-
Year Built
1972

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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 #11089187)

Price History

Date / Event Date Event Price
Jun 18, 2021 Sold
Premium
Sold
May 15, 2021 Listed by Keller Williams Revolution $125,000
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,018
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF GRIDLEY
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: VILLAGE OF GRIDLEY N82 LOTS 9 & 10 BLK 6

Neighborhood

  • School District Name: El Paso-Gridley Community Unit School District 11
  • Census Tract: 005102

Geography

  • District: 17
  • Parcel: 02-04-326-004
  • Block: 6
  • Lot: 9,10
  • Meridian: SEC 04 TWN 26N RNG 03E
  • Municipality: GRIDLEY
  • Latitude: 40.7461
  • Longitude: -88.8851

    Address

  • Full Address: 603 Mclean St
  • Address - House Number: 603
  • Address - Street Name: Mclean
  • Address - Suffix Type: St
  • State: IL
  • City Name: Gridley
  • Carrier Code: R001
  • 4-Digit Zip Code: 7606
  • Zip Code: 61744

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $306,748
  • Tax Rate Code Area: 1701

    Appraisal Valuation

  • Standard Deviation: 0.2004
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 156,949
  • High Value: 188,413
  • Low Value: 125,485

    Market Valuation

  • Market Total Value: $121,179
  • Market Land Value: $8,058
  • Market Improvement Value: $113,121

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,393
  • Assessed Land Value: $2,686
  • Assessed Improvements Value: $37,707

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00015407
  • Previous Sale Recording Date: Apr 22, 2013
  • Previous Sale Contract Date: Apr 10, 2013
  • Previous Sale Amount: $72,500
  • 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 Gridley

Stats & Trends

Median Asking:

$199,999

Sale Price/ft²

$85

Below Asking

0.05%

Average Days on Market

54

Average Home Size

2434 ft²

Average Home Age

88.2 years

Currently For Sale

5 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: Jeff Reedy, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11089187
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 McLean Street built and last sold?
The property at 603 McLean Street was built in 1972 and last sold on Jun 18, 2021 for $120,000.
How much is this home worth?
The estimated value of the home located at 603 McLean Street is $0.
What are some comparable homes to 603 McLean Street?
There are currently no comparable homes to 603 McLean Street.
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