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Homer 61849
610 W 3rd Street
$170,000
● House - Off Market

610 W 3rd Street

Homer, IL 61849
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,746 Ft²
$1,031
Est. Monthly
8.36%
Cap Rate

About This Property

Welcome home! This inviting 3 bed, 2 bath home in Homer, IL eagerly awaits its new owners. With an expansive 2-car detached garage and situated on a generous lot, this home comes complete with a delightful screened-in porch on the back where you can enjoy your morning coffee. Well maintained and presenting a fantastic opportunity, seize the chance to make it yours! Reach out today to schedule a private showing!
Unit Size
1,746 Ft²
Days on Market
-
Land Size
-
Price per sqft
$97
Property Type
House
Property Taxes
$196
HOA Dues
-
Year Built
1965

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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 #11944135)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Dec 21, 2023 Listed by KELLER WILLIAMS-TREC $169,900
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 5
  • Basement Area: 1,440
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,436
  • Total Building Area: 3,456
  • Gross Building Area: 3,456
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOLFS 2ND ADD
  • Land Acres: 0000000285
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 18 WOLFS 2ND ADD

Neighborhood

  • School District Name: Heritage Community Unit School District 8
  • School Tax School District: 101
  • Census Tract: 010800

Geography

  • District: 26
  • Parcel: 26-30-08-203-010
  • Lot: 18
  • Meridian: SEC 08 TWN 18N RNG 14W
  • Municipality: SOUTH HOMER
  • Latitude: 40.0383
  • Longitude: -87.9668

    Address

  • Full Address: 610 W 3rd St
  • Address - House Number: 610
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Homer
  • Carrier Code: C001
  • 4-Digit Zip Code: 1009
  • Zip Code: 61849

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $235,036
  • Tax Rate Code Area: 2602

    Appraisal Valuation

  • Standard Deviation: 0.1144
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 88
  • Final Value: 163,901
  • High Value: 182,657
  • Low Value: 145,145

    Market Valuation

  • Market Total Value: $118,950
  • Market Land Value: $14,520
  • Market Improvement Value: $104,430

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,650
  • Assessed Land Value: $4,840
  • Assessed Improvements Value: $34,810

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2602
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 Homer

Stats & Trends

Median Asking:

$125,250

Sale Price/ft²

$92

Below Asking

0.08%

Average Days on Market

63

Average Home Size

1659 ft²

Average Home Age

116 years

Currently For Sale

1 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: Jeff Klotz, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11944135
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 610 West 3rd Street built and last sold?
The property at 610 West 3rd Street was built in 1965 and last sold on Mar 1, 2024 for $170,000.
How much is this home worth?
The estimated value of the home located at 610 West 3rd Street is $0.
What are some comparable homes to 610 West 3rd Street?
There are currently no comparable homes to 610 West 3rd Street.
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