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Urbana 61802
2004 Trails Drive
$245,000
● House - Off Market

2004 Trails Drive

Urbana, IL 61802
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,209 Ft²
$1,787
Est. Monthly
12.92%
Cap Rate

About This Property

Great Opportunity in a Prime Urbana Location! Welcome to 2004 Trails Dr-situated on a corner lot at the end of a quiet street in an established neighborhood. This home offers strong value at the list price and plenty of potential. Inside, you'll find a spacious functional layout with a walkout lower level that leads to a fenced backyard-perfect for pets, play, or entertaining. The two-car garage adds extra convenience and storage. While the home could use some cosmetic updates, it's a solid find in a great spot. Ideal for first-time buyers, DIYers, or investors. Must see to appreciate the value!
Unit Size
2,209 Ft²
Days on Market
-
Land Size
-
Price per sqft
$113
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
2002

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 2
  • Garage Square Area: 564
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,443
  • Total Building Area: 1,820
  • Building Area: 1,820
  • 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: SOUTH RIDGE SUB IV
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 87 SOUTH RIDGE SUB IV

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005702

Geography

  • District: 09
  • Parcel: 93-21-28-285-022
  • Lot: 87
  • Meridian: SEC 28 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.0771
  • Longitude: -88.1811

    Address

  • Full Address: 2004 Trails Dr
  • Address - House Number: 2004
  • Address - Street Name: Trails
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: R003
  • 4-Digit Zip Code: 7143
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $563,524
  • Tax Rate Code Area: 9303

    Appraisal Valuation

  • Standard Deviation: 0.217
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 244,888
  • High Value: 298,039
  • Low Value: 191,737

    Market Valuation

  • Market Total Value: $173,910
  • Market Land Value: $44,460
  • Market Improvement Value: $129,450

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,970
  • Assessed Land Value: $14,820
  • Assessed Improvements Value: $43,150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 21, 2012
  • Current Sale Recording Date: May 22, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012R12521
  • Previous Sale Recording Date: Dec 11, 2006
  • Previous Sale Contract Date: Dec 08, 2006
  • Previous Sale Amount: $175,000
  • 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 Urbana

Stats & Trends

Median Asking:

$239,950

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1699 ft²

Average Home Age

53 years

Currently For Sale

91 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: Jim Schmidt, RE/MAX Choice
Data Source: MRED, MLS# MRD12333145
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 Trails Drive built and last sold?
The property at 2004 Trails Drive was built in 2002 and last sold on May 21, 2012 for $150,000.
How much is this home worth?
The estimated value of the home located at 2004 Trails Drive is $258,175.
What are some comparable homes to 2004 Trails Drive?
There are currently no comparable homes to 2004 Trails Drive.
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