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Rantoul 61866
1517 Gates Drive
$130,000
● House - Off Market

1517 Gates Drive

Rantoul, IL 61866
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,976 Ft²
$132,265
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

4 Beds, 2 full baths, 3 season sunroom, living room, and family room! New roof within the year.
Unit Size
1,976 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$66
Property Type
House
Property Taxes
$96
HOA Dues
-
Year Built
1967

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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.

Last updated: 3 years ago (MRED MLS #11726379)

Price History

Date / Event Date Event Price
Apr 20, 2023 Sold
Premium
Sold
Feb 27, 2023 Listed by TOWN & COUNTRY REALTY,LLP $130,000
Listed by TOWN & COUNTRY REALTY,LLP

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,343
  • Total Building Area: 2,288
  • Gross Building Area: 988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,976
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLEWOOD 2ND ADD, 5TH PLAT
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 229 MAPLEWOOD 2ND ADD, 5TH PLAT

Neighborhood

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

Geography

  • District: 20
  • Parcel: 20-09-01-126-006
  • Lot: 229
  • Meridian: SEC 01 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3106
  • Longitude: -88.1313

    Address

  • Full Address: 1517 Gates Dr
  • Address - House Number: 1517
  • Address - Street Name: Gates
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C004
  • 4-Digit Zip Code: 2717
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $112,226
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.2638
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 130,463
  • High Value: 164,887
  • Low Value: 96,039

    Market Valuation

  • Market Total Value: $94,980
  • Market Land Value: $12,270
  • Market Improvement Value: $82,710

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,660
  • Assessed Land Value: $4,090
  • Assessed Improvements Value: $27,570

    Sales

  • Current Sale Contract Date: Apr 11, 2023
  • Current Sale Recording Date: Apr 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 5254
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:

$139,975

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

54

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: Jeanette During, TOWN & COUNTRY REALTY,LLP
Last Updated: 3 years ago
Data Source: MRED, MLS# 11726379
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 1517 Gates Drive built and last sold?
The property at 1517 Gates Drive was built in 1967 and last sold on Apr 11, 2023 for $130,000.
How much is this home worth?
The estimated value of the home located at 1517 Gates Drive is $0.
What are some comparable homes to 1517 Gates Drive?
There are currently no comparable homes to 1517 Gates Drive.
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