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Loves Park 61111
7159 THOMAS Drive
$151,430
● House - Off Market

7159 THOMAS Drive

LOVES PARK, IL 61111
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
$304,703
RealtyHop Estimate
91.88%
Since Sep 1, 2008
National-US
Primary Model

About This Property

2100 S.F OF FAMILY LIVING. NICE CONDITION. SHARP OAK FLOORING. HUGE THREE SEASON PORCH WITH SOARING CATHEDERAL CEILINGS AND TONS OF WINDOWS MAKES A GREAT GAME ROOM.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1994

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 39
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 674
  • Garage Type: 7
  • Garage Square Area: 840
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,015
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 910
  • Total Building Area: 2,040
  • Gross Building Area: 2,040
  • Building Area: 2,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAT OF KINGS ACRES SUB
  • Land Acres: 0000000299
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: PLAT OF KINGS ACRES BNG PT W1/2 SEC 35-45-2 & PT W1/2 NW1/4 SEC 2-44-2 LOT9

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003810

Zoning

  • Zoning: R1 - SINGL

Geography

  • Parcel: 08-35-356-004
  • Lot: 9
  • Meridian: SEC 35 TWN 45 RANGE 2
  • Municipality: HARLEM
  • Latitude: 42.3266
  • Longitude: -88.9764

    Address

  • Full Address: 7159 Thomas Dr
  • Address - House Number: 7159
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Loves Park
  • Carrier Code: R030
  • 4-Digit Zip Code: 5324
  • Zip Code: 61111

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $480,420
  • Tax Rate Code Area: 026

    Appraisal Valuation

  • Standard Deviation: 0.2235
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 264,459
  • High Value: 323,568
  • Low Value: 205,351

    Market Valuation

  • Market Total Value: $182,061
  • Market Land Value: $36,552
  • Market Improvement Value: $145,509

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,687
  • Assessed Land Value: $12,184
  • Assessed Improvements Value: $48,503

    Sales

  • Current Sale Contract Date: Jan 16, 2023
  • Current Sale Recording Date: Jan 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1317
  • Previous Sale Recording Date: Aug 25, 2008
  • Previous Sale Contract Date: Aug 25, 2008
  • Previous Sale Amount: $151,400
  • Previous Sale Document Type: 27
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 Loves Park

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$151

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1964 ft²

Average Home Age

39.3 years

Currently For Sale

15 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: Gregory Hackman, Gregory Hackman, Realtors
Data Source: MRED, MLS# MRD06910676
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 7159 Thomas Drive built and last sold?
The property at 7159 Thomas Drive was built in 1994 and last sold on Jan 16, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 7159 Thomas Drive is $258,373.
What are some comparable homes to 7159 Thomas Drive?
There are currently no comparable homes to 7159 Thomas Drive.
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