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Belvidere 61008
849 Vernon Lane
$269,915
● House - Off Market

849 Vernon Lane

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,803 Ft²
$282,025
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

NEW CONSTRUCTION IN BELVIDERE! SPLIT BEDROOM OPEN CONCEPT GREAT ROOM PLAN WITH LARGE DINE KITCHEN, ISLAND WITH BREAKFAST BAR AND PANTRY CLOSET, GRANITE COUNTERTOP WITH STAINLESS RANGE, DISHWASHER AND MICROWAVE. CONVENIENT DROP ZONE LOCATED AT GARAGE ENTRANCE. PRIMARY BEDROOM WITH PRIVATE BATH, DOUBLE WALK IN CLOSETS, 1ST FLOOR LAUNDRY ROOM.  WHITE TRIM, DOORS, AND CABINETS. 3 CAR GARAGE AND FULL BASEMENT. AGENT OWNED
Unit Size
1,803 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$150
Property Type
House
Property Taxes
$40
HOA Dues
-
Year Built
2022

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11636891)

Price History

Date / Event Date Event Price
Feb 24, 2023 Sold
Premium
Sold
Sep 23, 2022 Listed by Key Realty $269,915
Listed by Key Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,834
  • Garage Type: 7
  • Garage Square Area: 640
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,834
  • Building Area: 1,834
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,834
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANDMARK CROSSINGS 2 LT
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0030
  • Legal Description 1: 22-44-3 LANDMARK CROSSINGS PLAT 2 LOT 94 W74 N133.5 E74 S133.57

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010502

Geography

  • Account Number: 05-05-22-278-018
  • District: 050
  • Parcel: 05-22-278-018
  • Lot: 74
  • Municipality: BELVIDERE
  • Latitude: 42.2802
  • Longitude: -88.8615

    Address

  • Full Address: 849 Vernon Ln
  • Address - House Number: 849
  • Address - Street Name: Vernon
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R011
  • 4-Digit Zip Code: 1748
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $48,424

    Market Valuation

  • Market Total Value: $15,000
  • Market Land Value: $15,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,000
  • Assessed Land Value: $5,000

    Sales

  • Current Sale Contract Date: Oct 21, 2015
  • Current Sale Recording Date: Oct 21, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15-5596
  • Previous Sale Recording Date: Sep 08, 2006
  • Previous Sale Contract Date: Sep 08, 2006
  • Previous Sale Amount: $2,217,692
  • Previous Sale Document Type: 71
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:

$225,000

Sale Price/ft²

$146

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1606 ft²

Average Home Age

53.2 years

Currently For Sale

17 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: Joseph Contarino, Key Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11636891
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 849 Vernon Lane built and last sold?
The property at 849 Vernon Lane was built in 2022 and last sold on Oct 21, 2015 for $0.
How much is this home worth?
The estimated value of the home located at 849 Vernon Lane is $0.
What are some comparable homes to 849 Vernon Lane?
There are currently no comparable homes to 849 Vernon Lane.
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