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Urbana 61801
2019 Burlison Drive
$307,000
● House - Off Market

2019 Burlison Drive

Urbana, IL 61801
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,300 Ft²
$1,956
Est. Monthly
11.47%
Cap Rate

About This Property

You won't want to miss this contemporary mid century modern Gem in a desirable Urbana neighborhood. This home boasts an open floor plan that is built for entertaining! You will love the huge living area with lots of windows that provide great sunlight, scenery & solitude.  There is beautiful bamboo flooring throughout most of the home.  There is plenty of access to large deck from the main living area. Enjoy the botanical gardens and the private yard with natural landscaping. The kitchen is centrally located with bedrooms to the north. New flooring in kitchen, front entrance, and primary bedroom. Much of the interior has just been painted. A.C. unit just replaced. This home is a rare find.  Don't let it slip away!
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$130
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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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

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 100
  • Living Units: 1
  • Floor Cover: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 830
  • Total Building Area: 2,107
  • Building Area: 2,107
  • 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: UNIVERSITY DOWNS 5TH PLAT
  • Land Acres: 0000000191
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 84 UNIVERSITY DOWNS 5TH PLAT

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005701

Geography

  • District: 09
  • Parcel: 93-21-20-253-015
  • Lot: 84
  • Meridian: SEC 20 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.0922
  • Longitude: -88.2065

    Address

  • Full Address: 2019 Burlison Dr
  • Address - House Number: 2019
  • Address - Street Name: Burlison
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C019
  • 4-Digit Zip Code: 5804
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $491,626
  • Tax Rate Code Area: 9303

    Appraisal Valuation

  • Standard Deviation: 0.2088
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 255,311
  • High Value: 308,633
  • Low Value: 201,989

    Market Valuation

  • Market Total Value: $169,260
  • Market Land Value: $57,330
  • Market Improvement Value: $111,930

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,420
  • Assessed Land Value: $19,110
  • Assessed Improvements Value: $37,310

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2017
  • Current Sale Recording Date: Mar 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R03764
  • Previous Sale Recording Date: Dec 10, 2013
  • Previous Sale Contract Date: Dec 09, 2013
  • Previous Sale Amount: $176,500
  • Previous Sale Document Type: 71

    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

1708 ft²

Average Home Age

52.6 years

Currently For Sale

87 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

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MRED

Listed by: Max McComb, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12413902
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 2019 Burlison Drive built and last sold?
The property at 2019 Burlison Drive was built in 1954 and last sold on Mar 1, 2017 for $203,000.
How much is this home worth?
The estimated value of the home located at 2019 Burlison Drive is $0.
What are some comparable homes to 2019 Burlison Drive?
There are currently no comparable homes to 2019 Burlison Drive.
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