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Urbana 61801
1505 Briarcliff Drive
$220,000
● House - Off Market

1505 Briarcliff Drive

Urbana, IL 61802
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,507 Ft²
$1,528
Est. Monthly
11.22%
Cap Rate

About This Property

Check out this lovely 3-bedroom, 2-bathroom home situated on a double lot near local shops, restaurants, and so much more! Upon entering the home, you're greeted by a large living room with ample natural light which flows right into the family room and dining room. The kitchen offers plenty of cabinetry and counter space perfect for entertaining and everyday living. This split floor plan features a master ensuite with an attached bathroom and walk-in closet off the main living area. On the other side of the home, you'll find the other 2 bedrooms and a full bathroom. The double depth 2-car garage is great for storage space or a work bench area. This home has new paint, new flooring, and has been professionally cleaned, which means all you'll have to do is move in! Contact us today to schedule a private showing!
Unit Size
1,507 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$146
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1998

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • 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
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 882
  • Parking Space Count: 4
  • Patio Type: 55
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,480
  • Total Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHAMPAIGN - URBANA AMVETS HOMESTEAD ASSO
  • Land Acres: 0000000332
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOTS 2, 3 BLOCK 15 CHAMPAIGN - URBANA AMVETS HOMESTEAD ASSOCIATION SUB

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005601

Geography

  • District: 09
  • Parcel: 92-21-16-453-014
  • Block: 15
  • Lot: 2,3
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.0996
  • Longitude: -88.1899

    Address

  • Full Address: 1505 Briarcliff Dr
  • Address - House Number: 1505
  • Address - Street Name: Briarcliff
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C005
  • 4-Digit Zip Code: 5466
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $508,296
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 216,716
  • High Value: 261,620
  • Low Value: 171,813

    Market Valuation

  • Market Total Value: $158,880
  • Market Land Value: $54,090
  • Market Improvement Value: $104,790

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,960
  • Assessed Land Value: $18,030
  • Assessed Improvements Value: $34,930

    Exemptions

  • Homeowner Exemption: Yes
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:

$239,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1747 ft²

Average Home Age

52.7 years

Currently For Sale

82 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 2209 Grange Circle, Urbana, IL, 61801

$2,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,908 ft²
2209 Grange Circle, Urbana, IL, 61801 Listing by Erica Bales

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Steve Littlefield, KELLER WILLIAMS-TREC
Data Source: MRED, MLS# MRD12443211
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 1505 Briarcliff Drive built and last sold?
The property at 1505 Briarcliff Drive was built in 1998 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1505 Briarcliff Drive is $0.
What are some comparable homes to 1505 Briarcliff Drive?
There are currently no comparable homes to 1505 Briarcliff Drive.
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