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De Witt 61777
7620 Alexander Road
$779,000
● House - Off Market

7620 Alexander Road

Heyworth, IL 61745
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,216 Ft²
$774,962
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

4 Bed, 4.5 Bath home beautifully nestled among mature trees on 6.3 acres with shared lake, inground pool, and 48X75 pole building.
Unit Size
5,216 Ft²
Days on Market
-
Land Size
6.31 acres
Price per sqft
$147
Property Type
House
Property Taxes
$658
HOA Dues
-
Year Built
2002

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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 #11768292)

Price History

Date / Event Date Event Price
May 25, 2023 Sold
Premium
Sold
Apr 26, 2023 Listed by RE/MAX Choice $769,000
Listed by RE/MAX Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 29
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,156
  • Garage Type: 7
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 274,864
  • Total Building Area: 2,156
  • Building Area: 2,156
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,156
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HICKORY LAKE SUB
  • Land Acres: 0000006310
  • Standard Land Use Code: 1008
  • County Land Use Code: 0011
  • Legal Description 1: HICKORY LAKE SUB, LOT 3

Neighborhood

  • School District Name: Clinton Community Unit School District 15
  • Census Tract: 971600

Geography

  • District: 02
  • Parcel: 02-20-200-010
  • Lot: 3
  • Municipality: WAPELLA
  • Latitude: 40.2668
  • Longitude: -89.0024

    Address

  • Full Address: 7620 Alexander Rd
  • Address - House Number: 7620
  • Address - Street Name: Alexander
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Heyworth
  • Carrier Code: R002
  • 4-Digit Zip Code: 8849
  • Zip Code: 61745

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $828,408

    Appraisal Valuation

  • Standard Deviation: 0.2563
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 63
  • Final Value: 502,333
  • High Value: 631,088
  • Low Value: 373,578

    Market Valuation

  • Market Total Value: $416,388
  • Market Land Value: $416,388

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $138,859
  • Assessed Land Value: $8,222
  • Assessed Improvements Value: $130,637

    Sales

  • Current Sale Contract Date: May 15, 2023
  • Current Sale Recording Date: Jun 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 264973
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 De Witt

Stats & Trends

Median Asking:

$164,900

Sale Price/ft²

$104

Below Asking

0.03%

Average Days on Market

52

Average Home Size

1898 ft²

Average Home Age

88.9 years

Currently For Sale

26 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: Cindy Eckols, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11768292
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 7620 Alexander Road built and last sold?
The property at 7620 Alexander Road was built in 2002 and last sold on May 15, 2023 for $779,000.
How much is this home worth?
The estimated value of the home located at 7620 Alexander Road is $0.
What are some comparable homes to 7620 Alexander Road?
There are currently no comparable homes to 7620 Alexander Road.
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