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Rantoul 61866
1456 Mather Drive
$50,000
● House - Off Market

1456 Mather Drive

Rantoul, IL 61866
bedrooms
3 Beds
bathrooms
2 Baths
square feet
940 Ft²
$371
Est. Monthly
35.51%
Cap Rate

About This Property

Amazing!  This small house actually has 2 bathrooms!  There is also a small room behind the carport off the kitchen that could be used as an office or playroom.  The carport could easily be upgraded to a one car garage.  Use your imagination and create a masterpiece.
Unit Size
940 Ft²
Days on Market
-
Land Size
-
Price per sqft
$43
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1956

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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 #11985776)

Price History

Date / Event Date Event Price
Apr 22, 2024 Sold
Premium
Sold
Feb 20, 2024 Listed by LANDMARK REAL ESTATE $40,000
Listed by LANDMARK REAL ESTATE

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 1
  • 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: 5
  • Basement Area: 864
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,909
  • Total Building Area: 1,992
  • Gross Building Area: 1,992
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLEWOOD ADD
  • Land Acres: 0000000159
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 60 MAPLEWOOD ADD

Neighborhood

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

Geography

  • District: 20
  • Parcel: 20-09-01-176-009
  • Lot: 60
  • Meridian: SEC 01 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3072
  • Longitude: -88.1308

    Address

  • Full Address: 1456 Mather Dr
  • Address - House Number: 1456
  • Address - Street Name: Mather
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C004
  • 4-Digit Zip Code: 3332
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $209,354
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.2638
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 62
  • Final Value: 83,114
  • High Value: 105,044
  • Low Value: 61,183

    Market Valuation

  • Market Total Value: $59,490
  • Market Land Value: $7,380
  • Market Improvement Value: $52,110

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,830
  • Assessed Land Value: $2,460
  • Assessed Improvements Value: $17,370

    Sales

  • Current Sale Contract Date: Feb 11, 2008
  • Current Sale Recording Date: Feb 13, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008R03312
  • Previous Sale Recording Date: Jan 10, 2006
  • Previous Sale Contract Date: Jan 06, 2006
  • Previous Sale Amount: $14,000
  • 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:

$139,950

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1560 ft²

Average Home Age

53.8 years

Currently For Sale

12 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: Andrea Poling, LANDMARK REAL ESTATE
Last Updated: 3 years ago
Data Source: MRED, MLS# 11985776
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 1456 Mather Drive built and last sold?
The property at 1456 Mather Drive was built in 1956 and last sold on Feb 11, 2008 for $79,500.
How much is this home worth?
The estimated value of the home located at 1456 Mather Drive is $44,006.
What are some comparable homes to 1456 Mather Drive?
There are currently no comparable homes to 1456 Mather Drive.
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