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Urbana 61802
1603 EAGLE RIDGE Road
$300,000
● House - Off Market

1603 EAGLE RIDGE Road

Urbana, IL 61802
bedrooms
3 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
2,812 Ft²
$306,926
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
Unit Size
2,812 Ft²
Days on Market
-
Land Size
-
Price per sqft
$107
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1992

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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 #11355198)

Price History

Date / Event Date Event Price
Jul 1, 2022 Sold
Premium
Sold
Apr 8, 2022 Listed by RE/MAX REALTY ASSOCIATES-CHA $300,000
Listed by RE/MAX REALTY ASSOCIATES-CHA

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 7
  • Garage Square Area: 500
  • Parking Space Count: 4
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,954
  • Total Building Area: 2,013
  • Building Area: 2,013
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLE RIDGE OF URBANA PHASE 1
  • Land Acres: 0000000412
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 29 EAGLE RIDGE OF URBANA PHASE 1

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005602

Geography

  • District: 09
  • Parcel: 93-21-21-401-003
  • Lot: 29
  • Meridian: SEC 21 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.0903
  • Longitude: -88.1878

    Address

  • Full Address: 1603 Eagle Ridge Rd
  • Address - House Number: 1603
  • Address - Street Name: Eagle Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Urbana
  • Carrier Code: C024
  • 4-Digit Zip Code: 8638
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,258,506
  • Tax Rate Code Area: 9303

    Appraisal Valuation

  • Standard Deviation: 0.217
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 348,733
  • High Value: 424,422
  • Low Value: 273,044

    Market Valuation

  • Market Total Value: $348,810
  • Market Land Value: $56,430
  • Market Improvement Value: $292,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $116,270
  • Assessed Land Value: $18,810
  • Assessed Improvements Value: $97,460

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Jul 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12227
  • Previous Sale Recording Date: Sep 22, 2003
  • Previous Sale Contract Date: Sep 16, 2003
  • Previous Sale Amount: $195,500
  • Previous Sale Document Type: 27
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

Rentals Near You

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MRED

Listed by: Max Mitchell, RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 3 years ago
Data Source: MRED, MLS# 11355198
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 1603 Eagle Ridge Road built and last sold?
The property at 1603 Eagle Ridge Road was built in 1992 and last sold on Jul 1, 2022 for $200,000.
How much is this home worth?
The estimated value of the home located at 1603 Eagle Ridge Road is $0.
What are some comparable homes to 1603 Eagle Ridge Road?
There are currently no comparable homes to 1603 Eagle Ridge Road.
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