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Mahomet 61853
2004 Rylan Road
$350,000
● House - Off Market

2004 Rylan Road

Mahomet, IL 61853
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,723 Ft²
$2,421
Est. Monthly
3.85%
Cap Rate

About This Property

Welcome Home!! This 3 bedroom ranch with open floor plan is ready for new owners. Spacious kitchen with granite countertops with stainless steel appliances. Beautiful hardwood floors throughout. Vaulted ceilings and fireplace are highlights of the grand living room. With oversized bedrooms and spacious closets, and an unfinished basement, there is no shortage of space or possibilities! Fenced backyard with an oversized patio, perfect for entertaining. Enjoy easy access to walking trails in Lake of the Woods, local shopping and restaurants in downtown Mahomet, and easy access to Champaign. Schedule your showing today!
Unit Size
1,723 Ft²
Days on Market
-
Land Size
-
Price per sqft
$212
Property Type
House
Property Taxes
$629
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,074
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRAIRIE CROSSING 4TH SUB
  • Land Acres: 0000000185
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 413 PRAIRIE CROSSING 4TH SUB

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010603

Geography

  • District: 15
  • Parcel: 15-13-12-358-013
  • Lot: 413
  • Meridian: SEC 12 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.203
  • Longitude: -88.3689

    Address

  • Full Address: 2004 Rylan Rd
  • Address - House Number: 2004
  • Address - Street Name: Rylan
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R007
  • 4-Digit Zip Code: 4228
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $747,316
  • Tax Rate Code Area: 1502

    Appraisal Valuation

  • Standard Deviation: 0.2008
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 380,912
  • High Value: 457,417
  • Low Value: 304,408

    Market Valuation

  • Market Total Value: $280,110
  • Market Land Value: $46,950
  • Market Improvement Value: $233,160

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $93,370
  • Assessed Land Value: $15,650
  • Assessed Improvements Value: $77,720

    Sales

  • Current Sale Contract Date: Apr 12, 2022
  • Current Sale Recording Date: May 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7833
  • Previous Sale Recording Date: Sep 10, 2018
  • Previous Sale Contract Date: Aug 31, 2018
  • Previous Sale Amount: $250,000
  • 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 Mahomet

Stats & Trends

Median Asking:

$417,400

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2305 ft²

Average Home Age

22.2 years

Currently For Sale

42 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

Unit for rent at 1306 Roberto Road, Mahomet, IL, 61853

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,045 ft²
1306 Roberto Road, Mahomet, IL, 61853 Listing by Brock Collins

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joanna Smith, Real Broker, LLC
Data Source: MRED, MLS# MRD12322333
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 2004 Rylan Road built and last sold?
The property at 2004 Rylan Road was built in and last sold on Apr 12, 2022 for $330,000.
How much is this home worth?
The estimated value of the home located at 2004 Rylan Road is $369,563.
What are some comparable homes to 2004 Rylan Road?
There are currently no comparable homes to 2004 Rylan Road.
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