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Monticello 61856
708 Hillside Drive
$195,000
● House - Off Market

708 Hillside Drive

Monticello, IL 61856
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,450 Ft²
$1,228
Est. Monthly
4.03%
Cap Rate

About This Property

Immaculate all brick ranch! This two bedroom one bath home has an open floorplan and new wood floors throughout. Updates include, Refrigerator November 2023, Dishwasher July 2024, Wood floors 2017, kitchen and bathroom floors 2017 and ceilings also 2017. This meticulously maintained home also has a large backyard and 2 car garage.  Roof was replaced in 2009  Water heater 2010  Furnace 2006
Unit Size
1,450 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
$270
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.

Last updated: 2 years ago (MRED MLS #12149607)

Price History

Date / Event Date Event Price
Sep 30, 2024 Sold
Premium
Sold
Aug 31, 2024 In contract -
In contract
Aug 28, 2024 Listed by RE/MAX REALTY ASSOC-MONTICELLO $195,000
Listed by RE/MAX REALTY ASSOC-MONTICELLO

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: 10,956
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 898
  • 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: CRESTVIEW ADD
  • Land Acres: 0000000252
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOT 55 CRESTVIEW ADD 52 24 80

Neighborhood

  • School District Name: Monticello Community Unit School District 25
  • Census Tract: 954600

Geography

  • District: 05
  • Parcel: 05-00-54-001-610-00
  • Lot: 55
  • Municipality: MONTICELLO TOWNSHIP
  • Latitude: 40.0198
  • Longitude: -88.5615

    Address

  • Full Address: 708 Hillside Dr
  • Address - House Number: 708
  • Address - Street Name: Hillside
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Monticello
  • Carrier Code: R004
  • 4-Digit Zip Code: 2216
  • Zip Code: 61856

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $340,420
  • Tax Rate Code Area: 05033

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: May 31, 2023
  • Confidence Score: 76
  • Final Value: 202,612
  • High Value: 238,927
  • Low Value: 166,296

    Market Valuation

  • Market Total Value: $153,666
  • Market Land Value: $35,889
  • Market Improvement Value: $117,777

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,222
  • Assessed Land Value: $11,963
  • Assessed Improvements Value: $39,259
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 Monticello

Stats & Trends

Median Asking:

$262,500

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2620 ft²

Average Home Age

32 years

Currently For Sale

13 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: Julie Huisinga, RE/MAX REALTY ASSOC-MONTICELLO
Last Updated: 2 years ago
Data Source: MRED, MLS# 12149607
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 708 Hillside Drive built and last sold?
The property at 708 Hillside Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 708 Hillside Drive is $196,950.
What are some comparable homes to 708 Hillside Drive?
There are currently no comparable homes to 708 Hillside Drive.
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