For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Rantoul 61866
1208 Lancaster Drive
$196,800
● House - Off Market

1208 Lancaster Drive

Rantoul, IL 61866
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,710 Ft²
$180,202
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Spacious ranch with an ideal location on a double-lot and a dead-end road that borders a field for added privacy and minimal neighbors. This home offers a comfortable floorplan with a welcoming living room with gas-log fireplace, separate dining area, large kitchen with an abundance of cabinets, bonus area off the kitchen that could be used as another sitting area or home office, laundry room, a desirable split-bedroom floorplan, master suite with private bath, oversized garage, and fenced backyard.  Updated lighting, fresh paint throughout, and new wood laminate flooring. Move-in ready and just waiting for new owners to call home.
Unit Size
1,710 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$105
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1998

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11746981)

Price History

Date / Event Date Event Price
Jun 7, 2023 Sold
Premium
Sold
May 11, 2023 Listed by KELLER WILLIAMS-TREC $179,900
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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
  • Garage Type: 1
  • Garage Square Area: 676
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,759
  • Total Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING ACRES 3 OF RANTOUL
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 220 ROLLING ACRES 3 OF RANTOUL

Neighborhood

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

Geography

  • District: 14
  • Parcel: 14-03-35-259-007
  • Lot: 220
  • Meridian: SEC 35 TWN 22N RNG 09E
  • Municipality: LUDLOW
  • Latitude: 40.3227
  • Longitude: -88.1444

    Address

  • Full Address: 1208 Lancaster Dr
  • Address - House Number: 1208
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C005
  • 4-Digit Zip Code: 1244
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $203,834
  • Tax Rate Code Area: 1405

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 67
  • Final Value: 177,883
  • High Value: 219,085
  • Low Value: 136,681

    Market Valuation

  • Market Total Value: $112,500
  • Market Land Value: $20,370
  • Market Improvement Value: $92,130

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,500
  • Assessed Land Value: $6,790
  • Assessed Improvements Value: $30,710

    Sales

  • Current Sale Contract Date: Jun 03, 2023
  • Current Sale Recording Date: Jun 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7596
  • Previous Sale Recording Date: Jun 14, 2004
  • Previous Sale Contract Date: Jun 11, 2004
  • Previous Sale Amount: $120,000
  • 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

$118

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1749 ft²

Average Home Age

55 years

Currently For Sale

11 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amber Dalton, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11746981
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 1208 Lancaster Drive built and last sold?
The property at 1208 Lancaster Drive was built in 1998 and last sold on Jun 3, 2023 for $197,000.
How much is this home worth?
The estimated value of the home located at 1208 Lancaster Drive is $183,276.
What are some comparable homes to 1208 Lancaster Drive?
There are currently no comparable homes to 1208 Lancaster Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Ludlow Homes for Sale
Ludlow Houses for Sale
Ludlow Land for Sale
Ludlow Homes with Basements
Ludlow Homes with Pools
Ludlow Homes with Parking
Ludlow Homes with Garages
Ludlow Homes with a View
Nearby Cities
Rantoul Homes for Sale
Paxton Homes for Sale
Fisher Homes for Sale
Thomasboro Homes for Sale
Gifford Homes for Sale
Elliott Homes for Sale
Nearby Property Records
Ford County, IL Property Records
Champaign County, IL Property Records
Piatt County, IL Property Records
Vermilion County, IL Property Records
Iroquois County, IL Property Records
McLean County, IL Property Records
De Witt County, IL Property Records
Livingston County, IL Property Records
Nearby Counties
Rantoul Homes for Sale
Patton Homes for Sale
Compromise Homes for Sale
East Bend Homes for Sale
Condit Homes for Sale
Harwood Homes for Sale
Dix Homes for Sale
Top Real Estate Agents
Top Agents in Ludlow
Top Agents in 61866
Top Agents in Rantoul
Top Agents in Rantoul
Top Agents in 60957
Top Agents in Patton
Top Agents in Paxton
Top Agents in Fisher