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Rantoul 61866
1300 PRAIRIE VIEW Drive
$55,250
● House - Off Market

1300 PRAIRIE VIEW Drive

Rantoul, IL 61866
bedrooms
2 Beds
bathrooms
1 Bath
square feet
775 Ft²
$63,547
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

GREAT STARTER HOME, TWO BEDROOM, ONE FULL BATHROOM WITH LIVING ROOM, KITCHEN AND LAUNDRY ROOM  IT HAS A ONE CAR GARAGE ATTACHED..NEW FURNACE IN 2014 NEW HOT WATER HEATER IN 2015.  THE 20 X 12 ATTACHED GARAGE HAS A SIDE ENTRANCE AS WELL AS A NEWER OVEHEAD FRONT DOOR..THERE IS A PERMANENTLY INSTALLED WINDOW AIR CONDITIONING UNIT IN THE SIDE WINDOW OF THE LIVING ROOM..NEWER COUNTER TOP IN THE KITCHEN, THE RANGE AND REFRIGERATOR GO WITH THE HOME, THERE IS A SMALL EATING AREA IN THE KITCHEN ALSO..LAUNDRY ROOM LOCATED JUST OFF THE KITCHEN WITH ACCESS DOOR TO THE BACKYARD..TREE LINED BACKYARD..THIS IS A WELL MAINTAINED PR0PERTY AND PRICED TO SELL QUICKLY..CALL FOR A  SHOWING IMMEDIATELY.  MOTIVATED SELLER!!!
Unit Size
775 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$77
Property Type
House
Property Taxes
$106
HOA Dues
-
Year Built
1950

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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 #11653182)

Price History

Date / Event Date Event Price
Dec 13, 2022 Sold
Premium
Sold
Oct 14, 2022 Listed by REALTY 2000,INC $59,900
Listed by REALTY 2000,INC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 1
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,798
  • Total Building Area: 1,039
  • Gross Building Area: 1,039
  • Building Area: 775
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • 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: PRAIRIE VIEW PARK ADD 2
  • Land Acres: 0000000110
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 87 PRAIRIE VIEW PARK ADD 2

Neighborhood

  • School District Name: Rantoul City School District 137
  • School Tax School District: 101
  • Census Tract: 010204

Geography

  • District: 20
  • Parcel: 20-09-02-209-017
  • Lot: 87
  • Meridian: SEC 02 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3094
  • Longitude: -88.1409

    Address

  • Full Address: 1300 Prairieview Dr
  • Address - House Number: 1300
  • Address - Street Name: Prairieview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C002
  • 4-Digit Zip Code: 2656
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $132,180
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.2682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 48,755
  • High Value: 61,835
  • Low Value: 35,675

    Market Valuation

  • Market Total Value: $37,560
  • Market Land Value: $7,380
  • Market Improvement Value: $30,180

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,520
  • Assessed Land Value: $2,460
  • Assessed Improvements Value: $10,060

    Sales

  • Current Sale Contract Date: Dec 13, 2022
  • Current Sale Recording Date: Dec 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22002
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:

$139,950

Sale Price/ft²

$117

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1714 ft²

Average Home Age

54.2 years

Currently For Sale

10 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: Herman Fogal, REALTY 2000,INC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11653182
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 1300 Prairie View Drive built and last sold?
The property at 1300 Prairie View Drive was built in 1950 and last sold on Dec 13, 2022 for $34,666.
How much is this home worth?
The estimated value of the home located at 1300 Prairie View Drive is $0.
What are some comparable homes to 1300 Prairie View Drive?
There are currently no comparable homes to 1300 Prairie View Drive.
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