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Urbana 61802
1908 E Main Street
$102,000
● House - Off Market

1908 E Main Street

URBANA, IL 61802
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,700 Ft²
$175,676
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Charming Farmhouse on 1/2-acre lot! Original wood trim and hardwood; family room with arch doorway leading to a large dining room; spacious country-style and fully equipped kitchen. The house offers 2 bedrooms and a office that can easily be converted to a 3rd BDR. Enjoy your evenings in the private, fenced-in backyard. Updates include a new metal roof (2013, with warranty), blown-in insulation, new windows, and a new water heater.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$65
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1917

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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 #09489759)

Price History

Date / Event Date Event Price
Jul 17, 2017 Sold
Premium
Sold
Jan 10, 2017 Listed by KELLER WILLIAMS-TREC $109,900
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,760
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 730
  • Total Building Area: 775
  • Building Area: 775
  • 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: JACOB SMITHS SUB
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT PT 4 SUB OF PT OF S 1/2 SE 1/4 SE 1/4 SEC. 9-19-9 - AKA - JACOB SMITHS SUB

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005500

Geography

  • District: 09
  • Parcel: 91-21-09-478-005
  • Lot: 4
  • Meridian: SEC 09 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1135
  • Longitude: -88.1833

    Address

  • Full Address: 1908 E Main St
  • Address - House Number: 1908
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Urbana
  • Carrier Code: C038
  • 4-Digit Zip Code: 2858
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $388,950
  • Tax Rate Code Area: 9103

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 164,926
  • High Value: 207,984
  • Low Value: 121,868

    Market Valuation

  • Market Total Value: $125,580
  • Market Land Value: $24,270
  • Market Improvement Value: $101,310

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,860
  • Assessed Land Value: $8,090
  • Assessed Improvements Value: $33,770

    Sales

  • Current Sale Contract Date: Jun 30, 2017
  • Current Sale Recording Date: Jul 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R13332

    Financing

  • First Mortgage Financing Type: UNK
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

1756 ft²

Average Home Age

52.5 years

Currently For Sale

92 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: , KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09489759
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 1908 East Main Street built and last sold?
The property at 1908 East Main Street was built in 1917 and last sold on Jun 30, 2017 for $102,000.
How much is this home worth?
The estimated value of the home located at 1908 East Main Street is $0.
What are some comparable homes to 1908 East Main Street?
There are currently no comparable homes to 1908 East Main Street.
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