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Boone 61008
8513 Fruit Farm Rd
$342,500
● House - Off Market

8513 Fruit Farm Rd

BELVIDERE, IL 61008
bedrooms
2 Beds
bathrooms
1 Bath
$623,458
RealtyHop Estimate
70.81%
Since May 1, 2007
National-US
Primary Model

About This Property

20 PRIVATE, WOODED ACRES WITH HUGE OAKS & UPDATED TWO BEDROOM HOME. SECLUDED AND JUST WHAT EVERYONE IS LOOKING FOR. ROOM FOR LARGE ADDITION OR TEAR DOWN AND BUILD YOUR DREAM HOME. 3 MILES TO I-90. FROM MARENGO TAKE RT 20 WEST TO GARDEN PRAIRIE ROAD S. TO FRUIT FARM W. TO SHATTUCK RD. TURN LEFT AND CROSS OVER TOLLWAY RIGHT ON FRUIT FARM SECOND PIN#
Unit Size
-
Days on Market
-
Land Size
20.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$296
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: 2 years ago (MRED MLS #06228075)

Price History

Date / Event Date Event Price
Apr 24, 2007 Sold
Premium
Sold
Jul 28, 2006 Listed by Zenk Real Estate $365,000
Listed by Zenk Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1985
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 212
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Lot Size Depth Feet: 3,485
  • Lot Size Frontage Feet: 2,500
  • Total Building Area: 964
  • Building Area: 964
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 3
  • Heated Square Feet: 964
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0011
  • Legal Description 1: 9-43-4 PT W 1/2 NW SE-BEG 141' E NW COR E 250' S 348.5' W 250' N 348.5' B 8513 FRUIT FARM RD 250 X 348.5

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010400

Zoning

  • Zoning: A1

Geography

  • Account Number: 08-08-09-400-008
  • District: 080
  • Parcel: 08-09-400-008
  • Municipality: SPRING
  • Latitude: 42.2183
  • Longitude: -88.7727

    Address

  • Full Address: 8513 Fruit Farm Rd
  • Address - House Number: 8513
  • Address - Street Name: Fruit Farm
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R007
  • 4-Digit Zip Code: 9083
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $148,808
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1221
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 86
  • Final Value: 110,772
  • High Value: 124,302
  • Low Value: 97,241

    Market Valuation

  • Market Total Value: $71,934
  • Market Land Value: $30,294
  • Market Improvement Value: $41,640

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,978
  • Assessed Land Value: $10,098
  • Assessed Improvements Value: $13,880

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2007
  • Current Sale Recording Date: May 01, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 000000004880
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 Boone

Stats & Trends

Median Asking:

$296,950

Sale Price/ft²

$156

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2431 ft²

Average Home Age

42.2 years

Currently For Sale

55 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: , Zenk Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 06228075
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 8513 Fruit Farm Road built and last sold?
The property at 8513 Fruit Farm Road was built in 1965 and last sold on May 1, 2007 for $342,500.
How much is this home worth?
The estimated value of the home located at 8513 Fruit Farm Road is $0.
What are some comparable homes to 8513 Fruit Farm Road?
There are currently no comparable homes to 8513 Fruit Farm Road.
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