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Cherry Valley 61108
649 Par Place
$322,000
● House - Off Market

649 Par Place

Belvidere, IL 61008
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,516 Ft²
$2,184
Est. Monthly
9.53%
Cap Rate
Unit Size
2,516 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
House
Property Taxes
$542
HOA Dues
-
Year Built
2004

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 986
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 768
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 4,270
  • Gross Building Area: 4,270
  • Building Area: 2,516
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,516
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOLF HILL SUB
  • Land Acres: 0000000360
  • 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 9

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Parcel: 12-25-228-009
  • Lot: 9
  • Meridian: SEC 25 TWN 44 RANGE 2
  • Municipality: ROCKFORD
  • Latitude: 42.2663
  • Longitude: -88.9454

    Address

  • Full Address: 649 Par Pl
  • Address - House Number: 649
  • 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: $686,450
  • Tax Rate Code Area: 017

    Appraisal Valuation

  • Standard Deviation: 0.2326
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 277,219
  • High Value: 341,714
  • Low Value: 212,724

    Market Valuation

  • Market Total Value: $241,449
  • Market Land Value: $41,604
  • Market Improvement Value: $199,845

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,483
  • Assessed Land Value: $13,868
  • Assessed Improvements Value: $66,615

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 24, 2004
  • Current Sale Recording Date: Nov 24, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 480748
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:

$299,900

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2898 ft²

Average Home Age

26 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: Carol Hamm, Charles Rutenberg Realty of IL
Data Source: MRED, MLS# MRD12408037
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 649 Par Place built and last sold?
The property at 649 Par Place was built in 2004 and last sold on Nov 24, 2004 for $47,900.
How much is this home worth?
The estimated value of the home located at 649 Par Place is $0.
What are some comparable homes to 649 Par Place?
There are currently no comparable homes to 649 Par Place.
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