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Rantoul 61866
1301 GATES Drive
$4,500
● Land - Off Market

1301 GATES Drive

Rantoul, IL 61866
bedrooms
Studio
bathrooms
0 Bath
$8,915
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

LARGE RESIDENTIAL LOT LOCATED ON A CUL DU SAC IN EAST RANTOUL  SELLER HAS THREE OTHER LOTS IN SAME NEIGHBORHOODAND WILL SELL AS A PACKAGE DEAL AT A REDUCED PRICE
Unit Size
-
Days on Market
-
Land Size
0.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$31
HOA Dues
-
Year Built
-

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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 #10739154)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
Jun 8, 2020 Listed by REALTY 2000,INC $8,900
Listed by REALTY 2000,INC
Dec 31, 2019 No longer available -
No longer available
Apr 26, 2019 Relisted $8,900
Relisted
Apr 25, 2019 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,619
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: MAPLEWOOD 4TH SUB
  • Land Acres: 0000000359
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • Legal Description 1: LOT PT 41 MAPLEWOOD 4TH SUB AND OTHER LAND

Neighborhood

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

Geography

  • District: 20
  • Parcel: 20-09-01-103-018
  • Lot: 41
  • Meridian: SEC 01 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3107
  • Longitude: -88.1353

    Address

  • Full Address: 1301 Gates Dr
  • Address - House Number: 1301
  • Address - Street Name: Gates
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C004
  • 4-Digit Zip Code: 2703
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $43,180
  • Tax Rate Code Area: 2005

    Market Valuation

  • Market Total Value: $12,270
  • Market Land Value: $12,270

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,090
  • Assessed Land Value: $4,090

    Sales

  • Current Sale Contract Date: Jul 22, 2023
  • Current Sale Recording Date: Jul 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10231
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:

$139,925

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

51

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

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MRED

Listed by: Herman Fogal, REALTY 2000,INC
Last Updated: 3 years ago
Data Source: MRED, MLS# 10739154
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 1301 Gates Drive built and last sold?
The property at 1301 Gates Drive was built in and last sold on Jul 22, 2023 for $9,500.
How much is this home worth?
The estimated value of the home located at 1301 Gates Drive is $0.
What are some comparable homes to 1301 Gates Drive?
There are currently no comparable homes to 1301 Gates Drive.
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