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Winnebago 61016
7749 Hale Drive
$190,000
● House - Off Market

7749 Hale Drive

Cherry Valley, IL 61016
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,358 Ft²
$208,152
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Updated 4 bed, 2 bath home on dead end street in Cherry Valley. The living room has a beautiful bay window that lets in tons of natural light! The 4bedrooms are larger in size and the master and updated master bath are not to be missed! The finished basement has another area for watching tv or hanging out with friends! An huge workshop has space for the whole family's tools and hobbies! Last but by no means least, the kitchen was recently updated with all new SS appliances (2014) and an amazing central island! This will truly become the heart of your new home! New sliding door (2016) takes you outside to a large deck and fully fenced yard that sits on almost a half acre lot! Roof (2015), WH and Furnace (2019) So close to shopping and restaurants! Make an appointment to see this one today!
Unit Size
1,358 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$129
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1965

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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 #11039463)

Price History

Date / Event Date Event Price
May 20, 2021 Sold
Premium
Sold
Apr 1, 2021 Listed by Re/Max of Rock Valley $175,000
Listed by Re/Max of Rock Valley

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 1,358
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,196
  • Gross Building Area: 3,196
  • Building Area: 1,930
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,930
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHERRY CREST SUB PLAT NO 3
  • Land Acres: 0000000420
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: CHERRY CREST SUB PLAT NO 3 PT W1/2 SE1/4 SEC 35-44-2 LOT 018

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 000514

Zoning

  • Zoning: RR

Geography

  • Parcel: 12-35-452-016
  • Lot: 018
  • Meridian: SEC 35 TWN 44 RANGE 2
  • Municipality: ROCKFORD
  • Latitude: 42.2431
  • Longitude: -88.9656

    Address

  • Full Address: 7749 Hale Dr
  • Address - House Number: 7749
  • Address - Street Name: Hale
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Cherry Valley
  • Carrier Code: R062
  • 4-Digit Zip Code: 9443
  • Zip Code: 61016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $367,848
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.2326
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 193,682
  • High Value: 238,742
  • Low Value: 148,622

    Market Valuation

  • Market Total Value: $131,532
  • Market Land Value: $12,996
  • Market Improvement Value: $118,536

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,844
  • Assessed Land Value: $4,332
  • Assessed Improvements Value: $39,512

    Sales

  • Current Sale Contract Date: May 17, 2021
  • Current Sale Recording Date: May 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18196
  • Previous Sale Recording Date: May 14, 2013
  • Previous Sale Contract Date: May 14, 2013
  • Previous Sale Amount: $105,000
  • 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 Winnebago

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$139

Below Asking

0.02%

Average Days on Market

43

Average Home Size

1881 ft²

Average Home Age

57.6 years

Currently For Sale

282 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: Erin Spence Paff, Re/Max of Rock Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11039463
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 7749 Hale Drive built and last sold?
The property at 7749 Hale Drive was built in 1965 and last sold on May 17, 2021 for $190,000.
How much is this home worth?
The estimated value of the home located at 7749 Hale Drive is $177,716.
What are some comparable homes to 7749 Hale Drive?
There are currently no comparable homes to 7749 Hale Drive.
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