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Rantoul 61866
1564 Eater Drive
$12,500
● Land - Off Market

1564 Eater Drive

Rantoul, IL 61866
bedrooms
Studio
bathrooms
0 Bath
$133
Est. Monthly

About This Property

Build your dream home on this .17-acre lot in the heart of Rantoul! A previous home was located on the lot before, so water and sewer hookups should be in place. Call today to discuss all of your building options!
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$24
HOA Dues
-
Year Built
1956

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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

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Full 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 864
  • Garage Type: 1
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,796
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: MAPLEWOOD ADD
  • Land Acres: 0000000179
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • Legal Description 1: LOT 27 MAPLEWOOD ADD

Neighborhood

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

Geography

  • District: 20
  • Parcel: 20-09-01-177-006
  • Lot: 27
  • Meridian: SEC 01 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3071
  • Longitude: -88.1284

    Address

  • Full Address: 1564 Eater Dr
  • Address - House Number: 1564
  • Address - Street Name: Eater
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C004
  • 4-Digit Zip Code: 3342
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,972
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.2637
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 57,230
  • High Value: 72,326
  • Low Value: 42,133

    Market Valuation

  • Market Total Value: $7,380
  • Market Land Value: $7,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,460
  • Assessed Land Value: $2,460

    Sales

  • Current Sale Contract Date: Sep 08, 2021
  • Current Sale Recording Date: Oct 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R24229
  • Previous Sale Recording Date: Sep 18, 2012
  • Previous Sale Contract Date: Aug 30, 2012
  • Previous Sale Amount: $38,000
  • 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:

$139,925

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

51

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: Hayley Siefert, KELLER WILLIAMS-TREC
Data Source: MRED, MLS# MRD12526701
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 1564 Eater Drive built and last sold?
The property at 1564 Eater Drive was built in 1956 and last sold on Sep 8, 2021 for $3,500.
How much is this home worth?
The estimated value of the home located at 1564 Eater Drive is $0.
What are some comparable homes to 1564 Eater Drive?
There are currently no comparable homes to 1564 Eater Drive.
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