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Cherry Valley 61016
7552 Mikes Place
$219,900
● House - Off Market

7552 Mikes Place

Cherry Valley, IL 61016
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,866 Ft²
$242,595
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Amazing 3 bdrm 2 1/2 bath ranch home. Great floor plan, has foyer entry to living room with vaulted ceiling with gas fireplace. Separate dining, large eat-in kitchen with pantry, first floor laundry, large deck overlooks nature preserve and creek. English basement awaits your finishing touches.
Unit Size
1,866 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$112
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
1999

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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.

Last updated: 3 years ago (MRED MLS #11053090)

Price History

Date / Event Date Event Price
Jul 16, 2021 Sold
Premium
Sold
Jun 7, 2021 Listed by RE/MAX Connections II $209,900
Listed by RE/MAX Connections II

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • 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: 6
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,866
  • Parking Type: 1
  • Garage Type: 7
  • Garage Square Area: 744
  • Parking Space Count: 6
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,732
  • Gross Building Area: 3,732
  • Building Area: 3,732
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,732
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALLEY RDG SUB #4
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: VALLEY RIDGE NO 4 PT SEC 2-43-2 LOT 34

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003705

Zoning

  • Zoning: R1 - SINGL

Geography

  • Parcel: 16-02-251-010
  • Lot: 34
  • Meridian: SEC 2 TWN 43 RANGE 2
  • Municipality: CHERRY VALLEY
  • Latitude: 42.234
  • Longitude: -88.9687

    Address

  • Full Address: 7552 Mikes Pl
  • Address - House Number: 7552
  • Address - Street Name: Mikes
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Cherry Valley
  • Carrier Code: R063
  • 4-Digit Zip Code: 9291
  • Zip Code: 61016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $594,120
  • Tax Rate Code Area: 124

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 262,686
  • High Value: 312,980
  • Low Value: 212,392

    Market Valuation

  • Market Total Value: $195,969
  • Market Land Value: $39,597
  • Market Improvement Value: $156,372

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,323
  • Assessed Land Value: $13,199
  • Assessed Improvements Value: $52,124

    Sales

  • Current Sale Contract Date: Jul 08, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 27085
  • Previous Sale Recording Date: Mar 12, 2013
  • Previous Sale Contract Date: Mar 12, 2013
  • Previous Sale Amount: $150,000
  • 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 Cherry Valley

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2898 ft²

Average Home Age

26 years

Currently For Sale

1 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: John Daly, RE/MAX Connections II
Last Updated: 3 years ago
Data Source: MRED, MLS# 11053090
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 7552 Mikes Place built and last sold?
The property at 7552 Mikes Place was built in 1999 and last sold on Jul 8, 2021 for $220,000.
How much is this home worth?
The estimated value of the home located at 7552 Mikes Place is $0.
What are some comparable homes to 7552 Mikes Place?
There are currently no comparable homes to 7552 Mikes Place.
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