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Sterling 61081
908 4th Avenue
$95,000
● House - Off Market

908 4th Avenue

Sterling, IL 61081
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$103,192
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Don't miss this well loved and maintained home.  Pride of ownership really shows with updated windows (2021), updated electrical service, furnace blower new in 2021, heat exchanger new in 2020, water heater 4 years old, dishwasher 2016, 30 year roof in 2013, rubber roof new in 2021, pool (2015) and all equipment will stay (as-is). There is also a new canopy and cover for the gazebo. Enjoy quality time on the patio and deck in your own private oasis!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$65
Property Type
House
Property Taxes
$92
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: 3 years ago (MRED MLS #11241828)

Price History

Date / Event Date Event Price
Feb 28, 2022 Sold
Premium
Sold
Oct 8, 2021 Listed by Re/Max Sauk Valley $98,000
Listed by Re/Max Sauk Valley

Property Highlights

Garage
Air Conditioning
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: 7,450
  • Lot Size Depth Feet: 1,485
  • Lot Size Frontage Feet: 500
  • 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
  • Subdivision: E D LEFEVRES ADDITION
  • Land Acres: 0000000171
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: E D LEFEVRES ADD LOT 10 BLK 4 345200X

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001102

Geography

  • Account Number: 111053
  • District: 10
  • Parcel: 1121285003
  • Block: 4
  • Lot: 10
  • Municipality: STERLING
  • Latitude: 41.7948
  • Longitude: -89.6918

    Address

  • Full Address: 908 4th Ave
  • Address - House Number: 908
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C006
  • 4-Digit Zip Code: 2402
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $358,756
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 54,886
  • High Value: 61,722
  • Low Value: 48,049

    Market Valuation

  • Market Total Value: $100,728
  • Market Land Value: $9,384
  • Market Improvement Value: $91,344

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,576
  • Assessed Land Value: $3,128
  • Assessed Improvements Value: $30,448

    Sales

  • Current Sale Contract Date: Feb 24, 2022
  • Current Sale Recording Date: Feb 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1102
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 Sterling

Stats & Trends

Median Asking:

$137,500

Sale Price/ft²

$109

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1251 ft²

Average Home Age

90 years

Currently For Sale

34 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: Tracey DeCrane, Re/Max Sauk Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11241828
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 908 4th Avenue built and last sold?
The property at 908 4th Avenue was built in and last sold on Feb 24, 2022 for $95,000.
How much is this home worth?
The estimated value of the home located at 908 4th Avenue is $0.
What are some comparable homes to 908 4th Avenue?
There are currently no comparable homes to 908 4th Avenue.
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