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Belvidere 61008
711 Garfield Avenue
$172,500
● House - Off Market

711 Garfield Avenue

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,344 Ft²
$1,129
Est. Monthly

About This Property

Charming older 2-story home located in the heart of Belvidere, close to schools, the community building, restaurants, and with easy access to main roads. This home offers great curb appeal with a covered front porch, a classic brick fireplace, arched doorways, and a separate dining room with built-in features. The efficient kitchen makes excellent use of space, and upstairs you'll find three bedrooms and a remodeled bathroom with a tiled walk-in shower. The unique two-story garage, sometimes referred to as a coach house, offers additional potential. Roof replaced in 2021. Washer and dryer included.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$134
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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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

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1978
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 672
  • Garage Type: 7
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,544
  • Lot Size Depth Feet: 990
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 3
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALLENS ADD
  • Land Acres: 0000000127
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 36-44-3 S 56' OF E 33' OF LT 2 & S 56' OF LT 5 BLK 1 J F ALLENS ADD GARFIELD AVE

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010300

Geography

  • Account Number: 05-05-36-106-007
  • District: 050
  • Parcel: 05-36-106-007
  • Block: 1
  • Lot: 2,5
  • Municipality: BELVIDERE
  • Latitude: 42.2533
  • Longitude: -88.8409

    Address

  • Full Address: 711 Garfield Ave
  • Address - House Number: 711
  • Address - Street Name: Garfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Belvidere
  • Carrier Code: C004
  • 4-Digit Zip Code: 4428
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $267,408

    Appraisal Valuation

  • Standard Deviation: 0.211
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 71
  • Final Value: 144,346
  • High Value: 174,805
  • Low Value: 113,888

    Market Valuation

  • Market Total Value: $100,833
  • Market Land Value: $19,719
  • Market Improvement Value: $81,114

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,611
  • Assessed Land Value: $6,573
  • Assessed Improvements Value: $27,038

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 03, 2018
  • Current Sale Recording Date: Aug 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Previous Sale Recording Date: Jun 05, 1990
  • Previous Sale Contract Date: Jun 05, 1990
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Belvidere

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$147

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1533 ft²

Average Home Age

64.9 years

Currently For Sale

19 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: Debbie Carlson, Berkshire Hathaway HomeServices Starck Real Estate
Data Source: MRED, MLS# MRD12497442
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 711 Garfield Avenue built and last sold?
The property at 711 Garfield Avenue was built in 1925 and last sold on Aug 3, 2018 for $84,000.
How much is this home worth?
The estimated value of the home located at 711 Garfield Avenue is $183,572.
What are some comparable homes to 711 Garfield Avenue?
There are currently no comparable homes to 711 Garfield Avenue.
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