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Urbana 61802
1117 Austin Drive
$140,000
● House - Off Market

1117 Austin Drive

Urbana, IL 61802
bedrooms
3 Beds
bathrooms
1 Bath
square feet
967 Ft²
$846
Est. Monthly
10.65%
Cap Rate

About This Property

Beautiful 3 Bedroom Ranch with Attached 1 Car Garage! New Vinyl Plank Flooring and Paint throughout, move-in ready! New Furnace and A/C, Water Heater, Lighting, All New Interior Doors including Closet Doors, Baseboard and Trim. New Kitchen Cabinets, Countertops, Sink & Faucet.  Bathroom Vanity, Sink, Toilet, Mirror and Accessories.  All Appliances are included. Attached 1 Car Garage has access through the kitchen and to the large backyard.
Unit Size
967 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
House
Property Taxes
$158
HOA Dues
-
Year Built
1980

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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 #12019996)

Price History

Date / Event Date Event Price
May 7, 2024 Sold
Premium
Sold
Apr 5, 2024 Listed by Taylor Realty Associates $139,900
Listed by Taylor Realty Associates

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 318
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 967
  • Building Area: 967
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLERS SCOTTSWOOD MANOR
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 45 WELLERS SCOTTSWOOD MANOR

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005601

Geography

  • District: 09
  • Parcel: 92-21-16-403-010
  • Lot: 45
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1023
  • Longitude: -88.1877

    Address

  • Full Address: 1117 Austin Dr
  • Address - House Number: 1117
  • Address - Street Name: Austin
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C024
  • 4-Digit Zip Code: 5417
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $190,004
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.259
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 93,338
  • High Value: 117,519
  • Low Value: 69,156

    Market Valuation

  • Market Total Value: $70,440
  • Market Land Value: $33,360
  • Market Improvement Value: $37,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,480
  • Assessed Land Value: $11,120
  • Assessed Improvements Value: $12,360

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2666
  • Previous Sale Recording Date: Dec 17, 2020
  • Previous Sale Contract Date: Dec 10, 2020
  • Previous Sale Amount: $36,000
  • 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 Urbana

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1736 ft²

Average Home Age

52 years

Currently For Sale

79 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

Unit for rent at 1306 E Green Street, Urbana, IL, 61802

$1,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,761 ft²
1306 E Green Street, Urbana, IL, 61802 Listing by Carol Meinhart

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brian Hannon, Taylor Realty Associates
Last Updated: 3 years ago
Data Source: MRED, MLS# 12019996
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 1117 Austin Drive built and last sold?
The property at 1117 Austin Drive was built in 1980 and last sold on Mar 1, 2024 for $80,000.
How much is this home worth?
The estimated value of the home located at 1117 Austin Drive is $0.
What are some comparable homes to 1117 Austin Drive?
There are currently no comparable homes to 1117 Austin Drive.
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