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Whiteside 61230
8919 Meredosia Road
$80,000
● House - Off Market

8919 Meredosia Road

Albany, IL 61230
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,536 Ft²
$589
Est. Monthly
18.07%
Cap Rate

About This Property

Investment property! This large country home on 1.46 acres, boasting 2x6 construction offers a solid built structure ensuring durability and longevity. With four spacious bedrooms, this property provides ample space for entertaining. Nestled against a serene backdrop of woods, residents can enjoy peaceful surroundings and a connection to nature right in their backyard. Overall, this home offers a lot of space for those seeking a relaxed country living experience. The master bedroom is set up now with a half bath but is plumbed for a full bath and a walk in closet. Although she is dated, this home has lot of potential. Fireplace was cleaned every year. Roof is approximately 10 years old, water heater 2005, one basement room was once a beauty shop. Nice shed on property. e house.
Unit Size
1,536 Ft²
Days on Market
-
Land Size
1.46 acres
Price per sqft
$49
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
-

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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: 2 years ago (MRED MLS #12210368)

Price History

Date / Event Date Event Price
Apr 4, 2025 Sold
Premium
Sold
Nov 28, 2024 In contract -
In contract
Nov 21, 2024 Listed by Kophamer & Blean Realty $75,000
Listed by Kophamer & Blean Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 63,598
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001460
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: PT NW NW SEC 24 TWP 20 RNG 2 8101X

Neighborhood

  • School District Name: Erie Community Unit School District 1
  • Census Tract: 000600

Geography

  • Account Number: 113825
  • District: 12
  • Parcel: 1224100002
  • Meridian: SEC 24 TWN 20N RNG 02E
  • Municipality: ALBANY
  • Latitude: 41.7135
  • Longitude: -90.2248

    Address

  • Full Address: 8919 Meredosia Rd
  • Address - House Number: 8919
  • Address - Street Name: Meredosia
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Albany
  • Carrier Code: R001
  • 4-Digit Zip Code: 9636
  • Zip Code: 61230

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $241,020
  • Tax Rate Code Area: 01201

    Appraisal Valuation

  • Standard Deviation: 0.2722
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 61
  • Final Value: 199,134
  • High Value: 253,340
  • Low Value: 144,929

    Market Valuation

  • Market Total Value: $165,813
  • Market Land Value: $20,640
  • Market Improvement Value: $145,173

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,271
  • Assessed Land Value: $6,880
  • Assessed Improvements Value: $48,391

    Sales

  • Current Sale Contract Date: Dec 30, 2009
  • Current Sale Recording Date: Mar 10, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 01484-2010
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 Whiteside

Stats & Trends

Median Asking:

$154,900

Sale Price/ft²

$111

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1636 ft²

Average Home Age

79.9 years

Currently For Sale

129 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: Amanda Cook, Kophamer & Blean Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12210368
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 8919 Meredosia Road built and last sold?
The property at 8919 Meredosia Road was built in and last sold on Dec 30, 2009 for $60,305.
How much is this home worth?
The estimated value of the home located at 8919 Meredosia Road is $81,234.
What are some comparable homes to 8919 Meredosia Road?
There are currently no comparable homes to 8919 Meredosia Road.
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