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Boone 61008
8724 Quail Drive
Photo of 8724 Quail Drive

1

Map

$270,000
● House - For Sale

8724 Quail Drive

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,143 Ft²
$1,797
Est. Monthly

About This Property

Waterfront opportunity with great bones! Set in a peaceful rural subdivision just minutes from shopping, schools, and interstate access, over 2,200 sq ft and is ready for your vision. The home needs work throughout, making it a great fit for buyers looking to update and build equity, or for investors. The main level features a spacious living room, a separate dining room, and a large kitchen with pantry, plus 4 bedrooms and 2 full baths. The walkout lower level has a large family room and a second kitchen.  Bring your ideas and make this waterfront property your own!
Unit Size
1,143 Ft²
Days on Market
-
Land Size
1.27 acres
Price per sqft
$236
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1979

Listed By

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage, Attached, Yes
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Rooms: 10
Basement: Finished, Walk-Out Access
Exterior Details
Square Footage: 1143
Square Footage Source: $0
Year Built: 1979
Construction Materials: Vinyl Siding, Cedar
Lot Size Area: 55321.2
Lot Size Units: Square Feet
Lot Size Acres: 1.27
Lot Size Square Feet: 55321.2
Lot Size Dimensions: 135X405X138X405
Water Source: Well
Financial Details
Tax Annual Amount: $5,653
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Electric, Baseboard
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 2004
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,081
  • Garage Type: 7
  • Garage Square Area: 764
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 55,321
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,143
  • Building Area: 1,143
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,143
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER REACH SUB
  • Land Acres: 0000001270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 4-43-4 RIVER REACH SUB PLAT #4 LOT 46 8724 QUAIL DR SW 135 NW 405.01 NE 137.6 SE 405

Neighborhood

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

Zoning

  • Zoning: 1

Geography

  • Account Number: 08-08-04-277-002
  • District: 080
  • Parcel: 08-04-277-002
  • Lot: 46
  • Municipality: SPRING
  • Latitude: 42.236
  • Longitude: -88.7684

    Address

  • Full Address: 8724 Quail Dr
  • Address - House Number: 8724
  • Address - Street Name: Quail
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R007
  • 4-Digit Zip Code: 8914
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $476,822

    Appraisal Valuation

  • Standard Deviation: 0.1732
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 257,207
  • High Value: 301,756
  • Low Value: 212,658

    Market Valuation

  • Market Total Value: $190,935
  • Market Land Value: $34,998
  • Market Improvement Value: $155,937

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,645
  • Assessed Land Value: $11,666
  • Assessed Improvements Value: $51,979

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 05, 2019
  • Current Sale Recording Date: Feb 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Previous Sale Recording Date: Nov 10, 2014
  • Previous Sale Contract Date: Nov 10, 2014
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$284,900

Sale Price/ft²

$155

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2389 ft²

Average Home Age

37.2 years

Currently For Sale

64 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: Arturo Zamudio, Epic Real Estate Group
Data Source: MRED, MLS# MRD12775072
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 8724 Quail Drive built and last sold?
The property at 8724 Quail Drive was built in 1979 and last sold on Feb 5, 2019 for $170,000.
How much is this home worth?
The estimated value of the home located at 8724 Quail Drive is $269,032.
What are some comparable homes to 8724 Quail Drive?
There are currently no comparable homes to 8724 Quail Drive.
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