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Rockford 61109 Southeast
605 Barnum Road
$90,000
● House - Off Market

605 Barnum Road

Rockford, IL 61109
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,868 Ft²
$682
Est. Monthly
33.53%
Cap Rate

About This Property

Welcome to this well-maintained 4 bedroom, 1.5 bathroom home featuring a detached 2.5 car garage. Including a beautifully sunlit enclosed porch, giving an added space for any use! Ready for any family needs!
Unit Size
1,868 Ft²
Days on Market
-
Land Size
-
Price per sqft
$56
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1940

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 4
  • Garage Square Area: 840
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,868
  • Gross Building Area: 1,868
  • Building Area: 1,004
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,004
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRANT PK SUBD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: RE-PLAT OF GRANT PK SUBD NPT SW FRL 1/4 SEC 2 + EPT SE FRL 1/4 SEC 3-43-1 LOT 016 BLOCK 004

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 002100

Zoning

  • Zoning: R1

Geography

  • Parcel: 15-02-332-003
  • Block: 4
  • Lot: 016
  • Meridian: SEC 3 TWN 43 RANGE 1
  • Municipality: ROCKFORD
  • Latitude: 42.228
  • Longitude: -89.0884

    Address

  • Full Address: 605 Barnum Rd
  • Address - House Number: 605
  • Address - Street Name: Barnum
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rockford
  • Carrier Code: C005
  • 4-Digit Zip Code: 1907
  • Zip Code: 61109

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $199,127
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 76,031
  • High Value: 96,175
  • Low Value: 55,887

    Market Valuation

  • Market Total Value: $51,513
  • Market Land Value: $2,817
  • Market Improvement Value: $48,696

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,171
  • Assessed Land Value: $939
  • Assessed Improvements Value: $16,232

    Sales

  • Current Sale Contract Date: Feb 18, 2022
  • Current Sale Recording Date: Feb 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 5378
  • Previous Sale Recording Date: Apr 03, 2018
  • Previous Sale Contract Date: Apr 02, 2018
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: 55
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 Southeast

Stats & Trends

Median Asking:

$180,000

Sale Price/ft²

$128

Below Asking

0.02%

Average Days on Market

41

Average Home Size

1438 ft²

Average Home Age

77.8 years

Currently For Sale

48 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

Rentals Near You

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MRED

Listed by: Jeanette Solis, Smart Home Realty
Data Source: MRED, MLS# MRD12332100
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 605 Barnum Road built and last sold?
The property at 605 Barnum Road was built in 1940 and last sold on Feb 18, 2022 for $30,000.
How much is this home worth?
The estimated value of the home located at 605 Barnum Road is $113,049.
What are some comparable homes to 605 Barnum Road?
There are currently no comparable homes to 605 Barnum Road.
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