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Urbana 61802
1510 Rutledge Drive
$195,000
● House - Off Market

1510 Rutledge Drive

Urbana, IL 61802
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,695 Ft²
$1,281
Est. Monthly
17.56%
Cap Rate

About This Property

Fall in Love with 1510 Rutledge Drive! This charming brick-facing Cape Cod in Urbana is ready to be your next home! Featuring a large eat-in kitchen with a convenient pantry, it's perfect for family meals and gatherings. Enjoy the spacious, fenced-in backyard with a patio - ideal for outdoor fun and relaxation. Located on a quiet, established street, this home offers comfort and convenience. Steps away from a bus stop, commuting doesn't get any easier. And if all that's not enough, a 14 month home warranty is included at no extra charge for carefree living. Don't wait - schedule your showing today!
Unit Size
1,695 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$115
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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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: 1966
  • Effective Year Built: 1966
  • 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: 2
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,367
  • Total Building Area: 1,131
  • Building Area: 1,131
  • 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: LINCOLNWOOD, WELLERS
  • Land Acres: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 81 LINCOLNWOOD, WELLERS

Neighborhood

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

Geography

  • District: 09
  • Parcel: 92-21-16-480-011
  • Lot: 81
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1003
  • Longitude: -88.1828

    Address

  • Full Address: 1510 Rutledge Dr
  • Address - House Number: 1510
  • Address - Street Name: Rutledge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C005
  • 4-Digit Zip Code: 5573
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $358,924
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.2446
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 65
  • Final Value: 170,763
  • High Value: 212,532
  • Low Value: 128,994

    Market Valuation

  • Market Total Value: $117,480
  • Market Land Value: $33,360
  • Market Improvement Value: $84,120

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,160
  • Assessed Land Value: $11,120
  • Assessed Improvements Value: $28,040

    Sales

  • Current Sale Contract Date: Feb 27, 2023
  • Current Sale Recording Date: Mar 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2604
  • Previous Sale Recording Date: Mar 28, 2019
  • Previous Sale Contract Date: Mar 11, 2019
  • Previous Sale Amount: $130,000
  • 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:

$239,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1734 ft²

Average Home Age

52.8 years

Currently For Sale

85 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 1306 E Green Street, Urbana, IL, 61802

$1,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,761 ft²
1306 E Green Street, Urbana, IL, 61802 Listing by Carol Meinhart

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jim Schmidt, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12377947
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 1510 Rutledge Drive built and last sold?
The property at 1510 Rutledge Drive was built in 1966 and last sold on Feb 27, 2023 for $162,000.
How much is this home worth?
The estimated value of the home located at 1510 Rutledge Drive is $0.
What are some comparable homes to 1510 Rutledge Drive?
There are currently no comparable homes to 1510 Rutledge Drive.
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