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Rantoul 61866
1108 Bel Aire Drive
$118,000
● House - Off Market

1108 Bel Aire Drive

Rantoul, IL 61866
bedrooms
3 Beds
bathrooms
2 Baths
square feet
775 Ft²
$124,220
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Peaceful living awaits in this 3 bedroom, 2 bath ranch near parks, schools and restaurants in Rantoul! The clean, crisp exterior sets the tone for the inside where you'll find a spacious living room, large  kitchen and separate dining room. Retreat to the primary bedroom to discover a private full bath and large closet. Two additional bedrooms and the second full bathroom complete the tour. Enjoy the sunshine out on the back patio overlooking the shaded fenced yard! Recent updates include water heater and roof. Take a look at this one today!
Unit Size
775 Ft²
Days on Market
-
Land Size
-
Price per sqft
$161
Property Type
House
Property Taxes
$52
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MRED MLS #11821285)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jul 14, 2023 Listed by RYAN DALLAS REAL ESTATE $125,000
Listed by RYAN DALLAS REAL ESTATE

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 775
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 129
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,183
  • Total Building Area: 775
  • Gross Building Area: 793
  • Building Area: 775
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 775
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEL AIR ADD
  • Land Acres: 0000000142
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 37 BEL AIR ADD

Neighborhood

  • School District Name: Rantoul City School District 137
  • School Tax School District: 101
  • Census Tract: 010100

Geography

  • District: 14
  • Parcel: 14-03-35-430-005
  • Lot: 37
  • Meridian: SEC 35 TWN 22N RNG 09E
  • Municipality: LUDLOW
  • Latitude: 40.3173
  • Longitude: -88.1417

    Address

  • Full Address: 1108 Bel Aire Dr
  • Address - House Number: 1108
  • Address - Street Name: Bel Aire
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C005
  • 4-Digit Zip Code: 1617
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $62,516
  • Tax Rate Code Area: 1405

    Appraisal Valuation

  • Standard Deviation: 0.2638
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 96,446
  • High Value: 121,895
  • Low Value: 70,998

    Market Valuation

  • Market Total Value: $58,350
  • Market Land Value: $10,800
  • Market Improvement Value: $47,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,450
  • Assessed Land Value: $3,600
  • Assessed Improvements Value: $15,850

    Sales

  • Current Sale Contract Date: Aug 28, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12881
  • Previous Sale Recording Date: May 28, 2003
  • Previous Sale Contract Date: May 27, 2003
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: 71
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 Rantoul

Stats & Trends

Median Asking:

$139,975

Sale Price/ft²

$117

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1669 ft²

Average Home Age

53.8 years

Currently For Sale

9 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: Ryan Dallas, RYAN DALLAS REAL ESTATE
Last Updated: 3 years ago
Data Source: MRED, MLS# 11821285
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 1108 Bel Air Drive built and last sold?
The property at 1108 Bel Air Drive was built in 1951 and last sold on Aug 28, 2023 for $118,000.
How much is this home worth?
The estimated value of the home located at 1108 Bel Air Drive is $0.
What are some comparable homes to 1108 Bel Air Drive?
There are currently no comparable homes to 1108 Bel Air Drive.
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