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Marseilles 61341
656 Ryall Street
$148,500
● House - Off Market

656 Ryall Street

Marseilles, IL 61341
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,244 Ft²
$153,536
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Check out this 2-3 bedroom home situated on a double lot in Marseilles.  Many updates throughout the years.  Roof, siding and gutters all new in 2015.  Furnace and A/C new in 2018.  Hot water heater approximately 2 years old.  Bathroom completely remodeled in 2015.  Large 20X10 deck perfect for entertaining.  All appliances are included.  Main floor bathroom.  Hardwood floors throughout most of the home.
Unit Size
1,244 Ft²
Days on Market
-
Land Size
-
Price per sqft
$119
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1870

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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 #11438191)

Price History

Date / Event Date Event Price
Aug 3, 2022 Sold
Premium
Sold
Jun 17, 2022 Listed by Coldwell Banker Real Estate Group $148,500
Listed by Coldwell Banker Real Estate Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,244
  • Gross Building Area: 1,244
  • Building Area: 1,244
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,244
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DOW & TILLSONS SUB OF BLK 13
  • Land Acres: 0000000270
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: DOWS & TILLSONS SUB OF LTS 1 TO 7 BLK 13 LAND & WATER POWER CO'S, LTS 4 & 5 BLK 1 SEC 13-33-4

Neighborhood

  • School District Name: Marseilles Elementary School District 150
  • Census Tract: 962500

Geography

  • District: RU
  • Parcel: 15-49-301-021
  • Block: 13,1
  • Lot: 1-5
  • Meridian: SEC 13 TWN 33 RNG 04
  • Municipality: RUTLAND TOWNSHIP
  • Latitude: 41.3321
  • Longitude: -88.7184

    Address

  • Full Address: 656 Ryall St
  • Address - House Number: 656
  • Address - Street Name: Ryall
  • Address - Suffix Type: St
  • State: IL
  • City Name: Marseilles
  • Carrier Code: C001
  • 4-Digit Zip Code: 1372
  • Zip Code: 61341

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $317,076
  • Tax Rate Code Area: RU009

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 242,517
  • High Value: 340,737
  • Low Value: 144,296

    Market Valuation

  • Market Total Value: $107,235
  • Market Land Value: $20,085
  • Market Improvement Value: $87,150

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,745
  • Assessed Land Value: $6,695
  • Assessed Improvements Value: $29,050

    Sales

  • Current Sale Contract Date: Aug 03, 2022
  • Current Sale Recording Date: Aug 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-10545

    Financing

  • First Mortgage Financing Type: FIX
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 Marseilles

Stats & Trends

Median Asking:

$166,500

Sale Price/ft²

$129

Below Asking

0.02%

Average Days on Market

50

Average Home Size

43433 ft²

Average Home Age

88 years

Currently For Sale

9 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: Cortney Kaufman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11438191
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 656 Ryall Street built and last sold?
The property at 656 Ryall Street was built in 1870 and last sold on Aug 3, 2022 for $148,500.
How much is this home worth?
The estimated value of the home located at 656 Ryall Street is $0.
What are some comparable homes to 656 Ryall Street?
There are currently no comparable homes to 656 Ryall Street.
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