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Heyworth 61745
702 Arrowhead Lane
$208,000
● House - Off Market

702 Arrowhead Lane

Heyworth, IL 61745
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,919 Ft²
$1,429
Est. Monthly
18.01%
Cap Rate

About This Property

A rare find in Heyworth! This 4-bedroom, 2-bathroom home offers incredible space, modern updates, and a move-in ready feel. The open-concept main living area flows seamlessly from the kitchen to the dining and living spaces-perfect for everyday living and entertaining. The lower level has a spacious family room with a cozy fireplace, giving you a second gathering space and plenty of room to spread out. Step outside to enjoy the large fenced yard, complete with a deck and a beautiful pergola that stays with the home-a perfect backdrop for summer cookouts or relaxing evenings. The heated 2-car garage adds convenience and comfort year-round. With multiple living areas, 4 bedrooms, and a versatile layout, this home offers tons of space for the price. Don't miss your chance to make this rare Heyworth property yours!
Unit Size
1,919 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$112
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1992

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,840
  • Total Building Area: 976
  • Gross Building Area: 976
  • Building Area: 976
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 976
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN KNOLLS
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 1ST ADD TO INDIAN KNOLLS LOT 25

Neighborhood

  • School District Name: Heyworth Community Unit School District 4
  • Census Tract: 005402

Geography

  • District: 25
  • Parcel: 28-34-153-022
  • Lot: 25
  • Meridian: SEC 34 TWN 22N RNG 02E
  • Municipality: RANDOLPH
  • Latitude: 40.3217
  • Longitude: -88.9747

    Address

  • Full Address: 702 Arrowhead
  • Address - House Number: 702
  • Address - Street Name: Arrowhead
  • State: IL
  • City Name: Heyworth
  • Carrier Code: R001
  • 4-Digit Zip Code: 9343
  • Zip Code: 61745

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $388,766
  • Tax Rate Code Area: 2506

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 190,264
  • High Value: 226,355
  • Low Value: 154,173

    Market Valuation

  • Market Total Value: $150,777
  • Market Land Value: $19,113
  • Market Improvement Value: $131,664

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,259
  • Assessed Land Value: $6,371
  • Assessed Improvements Value: $43,888

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4240
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 Heyworth

Stats & Trends

Median Asking:

$233,750

Sale Price/ft²

$131

Below Asking

0.02%

Average Days on Market

42

Average Home Size

2245 ft²

Average Home Age

30.2 years

Currently For Sale

6 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: Seth Couillard, Couillard and Company
Data Source: MRED, MLS# MRD12475838
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 702 Arrowhead Drive built and last sold?
The property at 702 Arrowhead Drive was built in 1992 and last sold on Mar 31, 2023 for $181,000.
How much is this home worth?
The estimated value of the home located at 702 Arrowhead Drive is $0.
What are some comparable homes to 702 Arrowhead Drive?
There are currently no comparable homes to 702 Arrowhead Drive.
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