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Single Family ResidenceResidential
$176,246$117 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $150,000 on Apr 8, 2024

505 E THIRD ST

LEAF RIVER, IL 61047
0
Baths
1,512 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1.1 ac
Lot SizeThe size of the land the home sits on, from county records.
1973
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$176K
$155K low$198K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$150,000 · Apr 8, 2024
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$35,646
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$28,517
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.80%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$133,100
FIRST NORTHERN CU · 7% 2 · recorded Apr 8, 2024
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$7,500
ILLINOIS HOUSING DEV AUTHORITY

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,175 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$57,513 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$11,820
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$45,693
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$58,823
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$172,539

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.31
99
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
25
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
31
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.115 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyOGLE
Lot (acres)The size of the land the home sits on, from county records.1.10
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Forreston Jr/Sr High SchoolB
Middle · Grades 6–12 · 9.1 mi
E
Forreston Grade SchoolA+
Elementary · Grades 1–5 · 9.4 mi

District: Forrestville Valley Community Unit School District 221

Neighborhood · ZIP 61047These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.115
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.90
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.34

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.91%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.23%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.5%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.2,439
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.37 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$93,126
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$99,012
Average tempThe average temperature here across a full year.48°F
Annual precipHow much rain and melted snow falls here in a typical year.36 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.52%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

505 E Third St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Costs less per square foot than 68% of homes in Ogle County
  • Has a bigger lot than 75% of homes in Ogle County

What homes are worth in Leaf River 61047

Each bar is how many homes fall in that price range. The marker is this home.

This home
$69K$587K

This home is worth more than 45% of homes in Leaf River 61047.

How it measures up in Leaf River 61047

The dot is this home. The mark in the middle is the typical home in Leaf River 61047.

Estimated value$176,246
CheaperTypical $196,589Pricier

Pricier than 45% of homes nearby

Price per ft²$117
CheaperTypical $119Pricier

Pricier than 49% of homes nearby

Living area1,512 ft²
SmallerTypical 1,700 ft²Bigger

Bigger than 39% of homes nearby

Lot size1.1 ac
SmallerTypical 1.12 acBigger

Bigger than 50% of homes nearby

Year built1973
OlderTypical 1973Newer

Newer than 64% of homes nearby

How 505 E Third St ranks against every home in each area.
MeasureThis homeLeaf River 61047Ogle County
Estimated valuepricier than$176,24645% of homes37% of homes
Price per ft²pricier than$11749% of homes32% of homes
Living areabigger than1,512 ft²39% of homes47% of homes
Lot sizebigger than1.1 ac50% of homes75% of homes
Year builtnewer than197364% of homes53% of homes

About 505 E Third St

How much is 505 E Third St, Leaf River, IL worth?

The TopHap Estimate for 505 E Third St, Leaf River, IL is $176,246 as of Jul 14, 2026. The likely range is $154,582 to $197,910. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 505 E Third St, Leaf River, IL last sell?

505 E Third St, Leaf River, IL last sold on Apr 8, 2024 for $150,000, according to the county's recorded deed.

How big is 505 E Third St, Leaf River, IL?

505 E Third St, Leaf River, IL has 1,512 square feet of living space and a 1.10-acre lot.

When was 505 E Third St, Leaf River, IL built?

505 E Third St, Leaf River, IL was built in 1973, making it 53 years old. The building has 1 story.

What schools serve 505 E Third St, Leaf River, IL?

505 E Third St, Leaf River, IL is assigned to Forreston Jr/Sr High School (middle), rated B; Forreston Grade School (elementary), rated A+. All sit in Forrestville Valley Community Unit School District 221. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 505 E Third St, Leaf River, IL compare to other homes in Leaf River 61047?

Among the 608 homes in Leaf River 61047, it is worth more than 45% of them ($176,246 against a typical $196,589), its price per square foot is higher than 49% of them ($117 against a typical $119), it is bigger than 39% of them (1,512 ft² against a typical 1,700 ft²), its lot is bigger than 50% of them (1.1 ac against a typical 1.12 ac) and it is newer than 64% of them (1973 against a typical 1973). Measured against all of Ogle County, it is worth more than 37% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 505 E Third St, Leaf River, IL?

The 2025 property tax bill for 505 E Third St, Leaf River, IL was $3,175. The county assessed it at $57,513.

More homes on E Third St

Closest homes

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Assigned schools

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