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Urbana 61802
1406 Stout Drive
$112,500
● House - Off Market

1406 Stout Drive

Urbana, IL 61802
bedrooms
2 Beds
bathrooms
1 Bath
square feet
956 Ft²
$767
Est. Monthly
9.05%
Cap Rate

About This Property

Cute bungalow located at the end of a quiet cul-de-sac. New roof, updated kitchen with new stove and counter tops, all new carpeting and vinyl plank flooring, updated interior paint. Enjoy the great outdoor living space with the large deck. The detached garage exterior was just painted. Home should qualify for FHA and VA financing.
Unit Size
956 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$122
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1929

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 13
  • 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: 4
  • Garage Square Area: 256
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,500
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 700
  • Total Building Area: 956
  • Building Area: 956
  • 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: SOUTS, AMOS, 1ST ADD
  • Land Acres: 0000000800
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 7 SOUTS, AMOS, 1ST ADD

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005500

Geography

  • District: 09
  • Parcel: 92-21-16-129-020
  • Lot: 7
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1108
  • Longitude: -88.1917

    Address

  • Full Address: 1406 Stout Dr
  • Address - House Number: 1406
  • Address - Street Name: Stout
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C024
  • 4-Digit Zip Code: 3545
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $230,876
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 93,648
  • High Value: 118,097
  • Low Value: 69,199

    Market Valuation

  • Market Total Value: $63,990
  • Market Land Value: $16,560
  • Market Improvement Value: $47,430

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,330
  • Assessed Land Value: $5,520
  • Assessed Improvements Value: $15,810

    Sales

  • Current Sale Contract Date: Dec 10, 2020
  • Current Sale Recording Date: Dec 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R26548
  • Previous Sale Recording Date: Feb 20, 2008
  • Previous Sale Contract Date: Feb 15, 2008
  • Previous Sale Amount: $58,000
  • 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:

$239,950

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1738 ft²

Average Home Age

52.5 years

Currently For Sale

80 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 1806 S Cottage Grove Avenue, Urbana, IL, 61801

$1,095 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
1806 S Cottage Grove Avenue #114, Urbana, IL, 61801 Listing by Dominic DiBrizzi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jeremy Brandow, Coldwell Banker R.E. Group
Data Source: MRED, MLS# MRD11983254
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 1406 Stout Drive built and last sold?
The property at 1406 Stout Drive was built in 1929 and last sold on Dec 10, 2020 for $49,000.
How much is this home worth?
The estimated value of the home located at 1406 Stout Drive is $0.
What are some comparable homes to 1406 Stout Drive?
There are currently no comparable homes to 1406 Stout Drive.
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