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Loves Park 61111
6316 Beech Street
$162,000
● House - Off Market

6316 Beech Street

Loves Park, IL 61111
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,395 Ft²
$988
Est. Monthly
16.56%
Cap Rate

About This Property

In the HEART of Loves Park! Cape Cod located close to Schools. 2 Main Floor Bedrooms & Full Bath. Primary Bedroom with Private Bath. Spacious Living Roomwith Wainscot Walls & Hardwood Floors. Eat-in Kitchen with snack Counter & Table Space. Large 3rd BR Up with Full Dormers & Walk-thru Bonus Room. Finished Lower Level with Rec Room, Laminate Floor Walk-in Closet, Stove Hook-up, Full Bathroom. Roof Approx: 2014. NEW Water Heater:2023. Mostly New Windows & Patio Door withTransferrable Warranty. Entertainment Friendly Deck & Fenced Yard. Detached Garage.
Unit Size
1,395 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$114
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1951

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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 #11931436)

Price History

Date / Event Date Event Price
Jan 8, 2024 Sold
Premium
Sold
Nov 20, 2023 Listed by Century 21 Affiliated - Rockford $159,000
Listed by Century 21 Affiliated - Rockford

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • 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: 768
  • Parking Type: 1
  • Garage Type: 4
  • Garage Square Area: 520
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,163
  • Gross Building Area: 2,163
  • Building Area: 1,395
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,395
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOUGH + BURKMAN SUB PLAT 2
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: HOUGH + BURKMAN SUB PLAT 2 PT NW 1/4 SEC 6-44-2 LOT 016

Neighborhood

  • School District Name: Harlem Unit School District 122
  • Census Tract: 000200

Zoning

  • Zoning: R1

Geography

  • Account Number: 150B123
  • Parcel: 12-06-102-015
  • Lot: 016
  • Meridian: SEC 6 TWN 44 RANGE 2
  • Municipality: ROCKFORD
  • Latitude: 42.3226
  • Longitude: -89.0544

    Address

  • Full Address: 6316 Beech St
  • Address - House Number: 6316
  • Address - Street Name: Beech
  • Address - Suffix Type: St
  • State: IL
  • City Name: Loves Park
  • Carrier Code: C007
  • 4-Digit Zip Code: 4114
  • Zip Code: 61111

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $247,582
  • Tax Rate Code Area: 002

    Appraisal Valuation

  • Standard Deviation: 0.1197
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 159,134
  • High Value: 178,188
  • Low Value: 140,079

    Market Valuation

  • Market Total Value: $108,582
  • Market Land Value: $11,922
  • Market Improvement Value: $96,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,194
  • Assessed Land Value: $3,974
  • Assessed Improvements Value: $32,220

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 05, 2024
  • Current Sale Recording Date: Jan 11, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 835
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 Loves Park

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$152

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2138 ft²

Average Home Age

37.8 years

Currently For Sale

13 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: Lori Reavis, Century 21 Affiliated - Rockford
Last Updated: 3 years ago
Data Source: MRED, MLS# 11931436
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 6316 Beech Street built and last sold?
The property at 6316 Beech Street was built in 1951 and last sold on Jan 5, 2024 for $162,000.
How much is this home worth?
The estimated value of the home located at 6316 Beech Street is $0.
What are some comparable homes to 6316 Beech Street?
There are currently no comparable homes to 6316 Beech Street.
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