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9737 Olas Ln, Rockford, IL, 61114

4beds
3baths
4,026sqft
$475,000
$118price/sqft
$3,839/moest. monthly cost
$153,560/yrincome needed

About This Home

Rarely Available | Unique Brick Ranch on 2.80 Acres — Bring Your Vision! This is your chance to own a truly one-of-a-kind property and make it your own! Set on 2.66 private acres, this architecturally distinctive half-circle brick ranch is full of character and potential — featuring a showstopping atrium with a soaring vaulted ceiling and koi pond, rich wood ceilings throughout the main floor, and two grand stone fireplaces, one on each level. The main floor offers three bedrooms, a generous living and dining room, and an eat-in kitchen with a glass slider to a deck overlooking the expansive backyard. The bright walk-out lower level features a family room, recreation room, and a private bedroom suite with ensuite bath, walk-in closet, and glass slider to a private patio. A large unfinished storage room offers even more potential to expand. Two 2-car garages — including a second lower-level garage perfect for storing all your toys and equipment — complete the package. Priced to reflect its dated condition and cosmetic needs, this is a rare opportunity for the buyer with a vision. The architecture, acreage, and quality of construction are hard to find at any price — schedule your showing today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

6/10
6/10

Construction

Condition

  • Year built: 1974

Materials

  • Roof: Rubber
  • Construction materials: Brick/Stone,Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Refrigerator,Stove/Cooktop,Gas Water Heater
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Basement Entrance,Full,Finished,Full Exposure

Bedroom2

  • Level: Main
  • Area: 240

Bedroom3

  • Level: Main
  • Area: 210

Bedroom4

  • Level: Walk Out
  • Area: 345

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 420

Family Room

  • Level: Basement
  • Area: 440

Features

  • L.L. Finished Space,Ceiling-Wood Decorative,Solid Surface Counters,Walk-In Closet(s)
  • Window features: Window Treatments
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 1,150
  • Finished area above ground: 2,876

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,026
  • Total interior livable area: 4,026 sqft

Kitchen

  • Level: Main
  • Area: 360

Living Room

  • Level: Main
  • Area: 462

Master Bedroom

  • Level: Main
  • Area: 210

Property

Details

  • Parcel number: 0507276018
  • Special condition: Estate

Features

  • Patio & porch: Deck,Patio,Deck-Covered
  • Has view: Yes
  • View description: Country

Lot

  • Lot size: 2.80 Acres
  • Features: City/Town,Subdivided

Parking

  • Total spaces: 4
  • Parking features: Attached,Underground
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Tornado
Hail
Inland Flooding
Strong Wind
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance *$342$4,104
Property Taxes $787$9,444
Electricity $309$3,715
Total$3,839$46,068
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$131,622/yr
40% on housing$115,170/yr
45% on housing$102,373/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.0%
12.0%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 1.9%
1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$118This listing

vs Other Active Listings

Avg $/sqft

ZIP 61114$121
Boone County$140

vs Homes Sold Last Month

Median $/sqft

ZIP 61114$129
Boone County$181

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-04Pending sale$475,000
2026-06-16Price change$475,000
2026-06-04Price change$499,900
2026-05-13Listed for sale$529,000
1995-11-17Sold$201,000

For Sale by Agent

AgentLisa Ellis
BrokerageExp Realty

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