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Cortland 60112
87 W Pine Avenue
$120,000
● House - Off Market

87 W Pine Avenue

Cortland, IL 60112
bedrooms
2 Beds
bathrooms
1 Bath
square feet
800 Ft²
$132,205
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Cute as can be with a large fenced-in corner lot, and if you act now, you can be spending your holidays in your new home! This home has new kitchen countertops, flooring, paint, and an updated bathroom.  A large living room with lots of natural light, a separate dining area, and a mudroom room right as you step in from the garage.  This home also comes with an outdoor shed for extra storage and nice mature trees. It's all ready for the next homeowner to move in and enjoy!
Unit Size
800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$232
HOA Dues
-
Year Built
1974

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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 #11260781)

Price History

Date / Event Date Event Price
Dec 16, 2021 Sold
Premium
Sold
Nov 2, 2021 Listed by eXp Realty, LLC $120,000
Listed by eXp Realty, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Total Rooms: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 320
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,560
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 660
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARTLIPPS ADDITION
  • Land Acres: 0000000242
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 1 - BLOCK 4 - ARTLIPPS ADDITION

Neighborhood

  • School District Name: DeKalb Community Unit School District 428
  • Census Tract: 001600

Geography

  • Account Number: 0920380013
  • District: CO
  • Parcel: 09-20-380-013
  • Block: 4
  • Lot: 1
  • Municipality: CORTLAND
  • Latitude: 41.9234
  • Longitude: -88.6919

    Address

  • Full Address: 87 W Pine Ave
  • Address - House Number: 87
  • Street Direction: W
  • Address - Street Name: Pine
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Cortland
  • Carrier Code: R010
  • 4-Digit Zip Code: 4063
  • Zip Code: 60112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $339,362
  • Tax Rate Code Area: CO62

    Appraisal Valuation

  • Standard Deviation: 0.1889
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 142,868
  • High Value: 169,867
  • Low Value: 115,869

    Market Valuation

  • Market Total Value: $120,384
  • Market Land Value: $37,611
  • Market Improvement Value: $82,773

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,128
  • Assessed Land Value: $12,537
  • Assessed Improvements Value: $27,591

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021016319
  • Previous Sale Recording Date: Jul 02, 2019
  • Previous Sale Contract Date: Jun 28, 2019
  • Previous Sale Amount: $89,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Cortland

Stats & Trends

Median Asking:

$314,900

Sale Price/ft²

$192

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1783 ft²

Average Home Age

13 years

Currently For Sale

29 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: Andrea Galitz, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11260781
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 87 West Pine Avenue built and last sold?
The property at 87 West Pine Avenue was built in 1974 and last sold on Dec 15, 2021 for $120,000.
How much is this home worth?
The estimated value of the home located at 87 West Pine Avenue is $0.
What are some comparable homes to 87 West Pine Avenue?
There are currently no comparable homes to 87 West Pine Avenue.
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