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Rantoul 61866
1304 Sunset Drive
$165,000
● House - Off Market

1304 Sunset Drive

Rantoul, IL 61866
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,451 Ft²
$999
Est. Monthly
12.27%
Cap Rate

About This Property

Welcome to this beautifully maintained 3-bedroom, 2-bath home offering 1,451 square feet of comfortable living space. Nestled in a quiet, established neighborhood, this property features a spacious 2-car garage and a thoughtful layout. This home is move-in-ready.  Step inside to find a bright and inviting living area with plenty of natural light. The kitchen opens to the dining and living spaces, making it ideal for entertaining or daily living. The primary suite includes a private bath, while two additional bedrooms provide ample space for guests, a home office, or a growing family.  Some updates include, new Roof (2020), new Water Heater (2024), Furnace (2008), A/C (2000). Don't miss the opportunity to make it yours-schedule your private showing today!
Unit Size
1,451 Ft²
Days on Market
-
Land Size
-
Price per sqft
$114
Property Type
House
Property Taxes
$188
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.

Property Highlights

Garage
Air Conditioning

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: 1,451
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,650
  • Total Building Area: 1,891
  • Gross Building Area: 1,891
  • Building Area: 1,451
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,451
  • 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: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 101 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: 20-09-02-231-003
  • Lot: 101
  • Meridian: SEC 02 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3088
  • Longitude: -88.1401

    Address

  • Full Address: 1304 Sunset Dr
  • Address - House Number: 1304
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C002
  • 4-Digit Zip Code: 2638
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $187,500
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.2682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 111,372
  • High Value: 141,250
  • Low Value: 81,494

    Market Valuation

  • Market Total Value: $71,280
  • Market Land Value: $7,380
  • Market Improvement Value: $63,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,760
  • Assessed Land Value: $2,460
  • Assessed Improvements Value: $21,300

    Sales

  • Current Sale Contract Date: Jun 14, 2023
  • Current Sale Recording Date: Jun 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7898
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

$118

Below Asking

0.02%

Average Days on Market

52

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: Natalie Nielsen, Pathway Realty, PLLC
Data Source: MRED, MLS# MRD12339124
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 1304 Sunset Drive built and last sold?
The property at 1304 Sunset Drive was built in 1950 and last sold on Jun 14, 2023 for $135,000.
How much is this home worth?
The estimated value of the home located at 1304 Sunset Drive is $167,365.
What are some comparable homes to 1304 Sunset Drive?
There are currently no comparable homes to 1304 Sunset Drive.
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