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Cherry Valley 61108
628 Par Place
$65,000
● House - Off Market

628 Par Place

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,875 Ft²
$784
Est. Monthly
51.76%
Cap Rate

About This Property

Discover an incredible opportunity to own this once-stunning dream home, offering 2,895 sq. ft., 5 bedrooms, and 3.5 baths on over a third of an acre! Featuring a full English basement, this property is brimming with potential-perfect for renovation, expansion, or creating your ideal living space. Whether you're an investor, renovator, or buyer with a vision, this diamond in the rough is ready to be transformed. Don't miss this rare chance to bring this home back to life-schedule your showing today!
Unit Size
2,875 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$16
Property Type
House
Property Taxes
$563
HOA Dues
-
Year Built
2005

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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: 2 years ago (MRED MLS #12282105)

Price History

Date / Event Date Event Price
Feb 25, 2025 Sold
Premium
Sold
Feb 9, 2025 In contract -
In contract
Feb 1, 2025 Listed by Five Star Realty, Inc $44,900
Listed by Five Star Realty, Inc

Property Highlights

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 1,826
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 744
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 5,423
  • Gross Building Area: 5,423
  • Building Area: 2,853
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,853
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOLF HILL SUB
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: GOLF HILL SUB PT NE1/4 NE1/4 SEC 25-44-2 LOT 74

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 000514

Zoning

  • Zoning: R1

Geography

  • Parcel: 12-25-229-005
  • Lot: 74
  • Meridian: SEC 25 TWN 44 RANGE 2
  • Municipality: ROCKFORD
  • Latitude: 42.2667
  • Longitude: -88.9448

    Address

  • Full Address: 628 Par Pl
  • Address - House Number: 628
  • Address - Street Name: Par
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R009
  • 4-Digit Zip Code: 8540
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $728,804
  • Tax Rate Code Area: 017

    Appraisal Valuation

  • Standard Deviation: 0.1982
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 323,346
  • High Value: 387,456
  • Low Value: 259,236

    Market Valuation

  • Market Total Value: $249,318
  • Market Land Value: $34,668
  • Market Improvement Value: $214,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $83,106
  • Assessed Land Value: $11,556
  • Assessed Improvements Value: $71,550

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 31, 2018
  • Current Sale Recording Date: Jun 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20181015483
  • Previous Sale Recording Date: Jun 05, 2018
  • Previous Sale Contract Date: May 31, 2018
  • Previous Sale Amount: $224,000
  • Previous Sale Document Type: 36
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 Cherry Valley

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$155

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2045 ft²

Average Home Age

23 years

Currently For Sale

2 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: Jaime Silva, Five Star Realty, Inc
Last Updated: 2 years ago
Data Source: MRED, MLS# 12282105
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 628 Par Place built and last sold?
The property at 628 Par Place was built in 2005 and last sold on May 31, 2018 for $224,000.
How much is this home worth?
The estimated value of the home located at 628 Par Place is $0.
What are some comparable homes to 628 Par Place?
There are currently no comparable homes to 628 Par Place.
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