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Sterling 61081
703 Park Place
Photo of 703 Park Place
Sold on Jul 27, 2026

24

Map

Photo of 703 Park Place
Photo of 703 Park Place
$51,500
● House - Off Market

703 Park Place

Sterling, IL 61081
bedrooms
2 Beds
bathrooms
1 Bath
square feet
968 Ft²
$346
Est. Monthly

About This Property

Adorable and Affordable! This 2 bedroom home is the perfect starter!  Great living space with a spacious living and dining room.  Plus the front porch has been converter to even more living space!  Step saving kitchen includes stove, refrigerator and microwave.  Back entry mud room.  Full basement.  Full bath with tub/shower.  Roof - 2019.  Back Door - 2026.  Chain link fence - 2020.  Water heater - 2019.  Furnace - 1996.  Window air conditioner - 2025.  Nice fenced backyard with fire pit and storage shed.  Some newer siding and windows.  Move Right In!
Unit Size
968 Ft²
Days on Market
-
Land Size
-
Price per sqft
$57
Property Type
House
Property Taxes
$76
HOA Dues
-
Year Built
-

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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

Air Conditioning

Building Info

Overview

    General

  • 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: 5,446
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK PLACE
  • Land Acres: 0000000125
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: PARK PLACE PT LT 3 & 4 180000X

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001102

Geography

  • Account Number: 103197
  • District: 10
  • Parcel: 1121426007
  • Lot: 3-4
  • Municipality: STERLING
  • Latitude: 41.7931
  • Longitude: -89.6934

    Address

  • Full Address: 703 Park Pl
  • Address - House Number: 703
  • Address - Street Name: Park
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Sterling
  • Carrier Code: C007
  • 4-Digit Zip Code: 3743
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $71,056
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 39,677
  • High Value: 44,619
  • Low Value: 34,734

    Market Valuation

  • Market Total Value: $37,950
  • Market Land Value: $6,420
  • Market Improvement Value: $31,530

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,650
  • Assessed Land Value: $2,140
  • Assessed Improvements Value: $10,510

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Nov 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-06613
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 Sterling

Stats & Trends

Median Asking:

$134,900

Sale Price/ft²

$109

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1296 ft²

Average Home Age

89.6 years

Currently For Sale

32 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

Unit for rent at 509 7th Avenue, Sterling, IL, 61081

$1,100 /mo

  • 3 Beds
  • 1 Bath
  • 2,061 ft²
509 7th Avenue, Sterling, IL, 61081 Listing by Merdita Heald

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Patricia Sword, RE/MAX Sauk Valley
Data Source: MRED, MLS# MRD12700194
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 703 Park Place built and last sold?
The property at 703 Park Place was built in and last sold on Nov 22, 2019 for $32,100.
How much is this home worth?
The estimated value of the home located at 703 Park Place is $56,930.
What are some comparable homes to 703 Park Place?
There are currently no comparable homes to 703 Park Place.
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