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St. Joseph 61873
705 MEADOWSWEET Drive
$235,000
● House - Off Market

705 MEADOWSWEET Drive

St. Joseph, IL 61873
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,363 Ft²
$1,540
Est. Monthly
$3
HOA / Fees
4.67%
Cap Rate

About This Property

Welcome to your charming 3-bedroom, 2-bathroom single-family residence, built in 2002, offering a perfect blend of comfort and convenience. This home features a spacious living room, central air for year-round comfort, and a kitchen equipped with modern appliances, including a range, microwave, dishwasher, and refrigerator.     Outside, you'll find a large lot, perfect for outdoor activities. The attached garage provides convenient parking, with additional space on the concrete driveway. Don't miss the opportunity to make this your new home!
Unit Size
1,363 Ft²
Days on Market
-
Land Size
-
Price per sqft
$172
Property Type
House
Property Taxes
$383
HOA Dues
$3
Year Built
2002

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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 #12118260)

Price History

Date / Event Date Event Price
Sep 12, 2024 Sold
Premium
Sold
Aug 13, 2024 In contract -
In contract
Aug 8, 2024 Listed by KELLER WILLIAMS-TREC $235,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 1,370
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,319
  • Total Building Area: 3,268
  • Gross Building Area: 3,436
  • Building Area: 1,370
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,370
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MEADOWS OF ST JOSEPH 1ST SUB
  • Land Acres: 0000000214
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 5 THE MEADOWS OF ST JOSEPH 1ST SUB

Neighborhood

  • School District Name: St. Joseph-Ogden Community High School District 305
  • School Tax School District: 101
  • Census Tract: 010701

Geography

  • District: 28
  • Parcel: 28-22-11-403-004
  • Lot: 5
  • Meridian: SEC 11 TWN 19N RNG 10E
  • Municipality: ST. JOSEPH
  • Latitude: 40.1184
  • Longitude: -88.0378

    Address

  • Full Address: 705 Meadowsweet Dr
  • Address - House Number: 705
  • Address - Street Name: Meadowsweet
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Saint Joseph
  • Carrier Code: R003
  • 4-Digit Zip Code: 8206
  • Zip Code: 61873

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $435,290
  • Tax Rate Code Area: 2803

    Appraisal Valuation

  • Standard Deviation: 0.2131
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 239,403
  • High Value: 290,437
  • Low Value: 188,369

    Market Valuation

  • Market Total Value: $195,510
  • Market Land Value: $38,730
  • Market Improvement Value: $156,780

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,170
  • Assessed Land Value: $12,910
  • Assessed Improvements Value: $52,260

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 17, 2016
  • Current Sale Recording Date: Jun 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016R11209
  • Previous Sale Recording Date: Feb 23, 2009
  • Previous Sale Contract Date: Feb 06, 2009
  • Previous Sale Amount: $154,500
  • Previous Sale Document Type: 71
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 St. Joseph

Stats & Trends

Median Asking:

$267,400

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1445 ft²

Average Home Age

37.3 years

Currently For Sale

4 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: Jeff Klotz, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12118260
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 705 Meadowsweet Drive built and last sold?
The property at 705 Meadowsweet Drive was built in 2002 and last sold on Jun 17, 2016 for $158,500.
How much is this home worth?
The estimated value of the home located at 705 Meadowsweet Drive is $0.
What are some comparable homes to 705 Meadowsweet Drive?
There are currently no comparable homes to 705 Meadowsweet Drive.
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