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Rantoul 61866
1640 Lowry Drive
$35,000
● House - Off Market

1640 Lowry Drive

Rantoul, IL 61866
bedrooms
2 Beds
bathrooms
1 Bath
square feet
925 Ft²
$48,374
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Great income producing property. 2 Bedroom/1 Bathroom. Spacious eat-in kitchen. Attached 1 car garage. Home does have to large rooms in the back of the house that is not included in the total square footage, as there is no heating source.
Unit Size
925 Ft²
Days on Market
-
Land Size
-
Price per sqft
$52
Property Type
House
Property Taxes
$131
HOA Dues
-
Year Built
1955

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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 #11299620)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Jan 6, 2022 Listed by RE/MAX REALTY ASSOCIATES-MAHO $48,000
Listed by RE/MAX REALTY ASSOCIATES-MAHO

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 925
  • Garage Type: 1
  • Garage Square Area: 325
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,845
  • Total Building Area: 1,250
  • Gross Building Area: 1,250
  • Building Area: 925
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 925
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLEASANT ACRES 1ST SUB
  • Land Acres: 0000000134
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 72 PLEASANT ACRES 1ST SUB

Neighborhood

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

Geography

  • District: 20
  • Parcel: 20-09-01-179-018
  • Lot: 72
  • Meridian: SEC 01 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3057
  • Longitude: -88.128

    Address

  • Full Address: 1640 Lowry Dr
  • Address - House Number: 1640
  • Address - Street Name: Lowry
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C004
  • 4-Digit Zip Code: 3328
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $177,048
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.2638
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 60,461
  • High Value: 76,414
  • Low Value: 44,507

    Market Valuation

  • Market Total Value: $50,310
  • Market Land Value: $7,380
  • Market Improvement Value: $42,930

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,770
  • Assessed Land Value: $2,460
  • Assessed Improvements Value: $14,310

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9275
  • Previous Sale Recording Date: Mar 28, 2016
  • Previous Sale Contract Date: Mar 23, 2016
  • Previous Sale Amount: $16,500
  • 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:

$139,975

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

Rentals Near You

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MRED

Listed by: Brian Hannon, RE/MAX REALTY ASSOCIATES-MAHO
Last Updated: 3 years ago
Data Source: MRED, MLS# 11299620
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 1640 Lowry Drive built and last sold?
The property at 1640 Lowry Drive was built in 1955 and last sold on May 20, 2022 for $34,666.
How much is this home worth?
The estimated value of the home located at 1640 Lowry Drive is $48,480.
What are some comparable homes to 1640 Lowry Drive?
There are currently no comparable homes to 1640 Lowry Drive.
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