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Oreana 62554
204 Rayjon Drive
$140,000
● House - Off Market

204 Rayjon Drive

Oreana, IL 62554
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,478 Ft²
$981
Est. Monthly
8.62%
Cap Rate

About This Property

Nice 3 bedroom 2 bathroom ranch in quiet neighborhood. Single car garage, pool with deck, and fireplace. Dishwasher and microwave stay. New storage shed 2021. New furnace/ac along with insulation in attic and crawlspace  in 2019.
Unit Size
1,478 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$110
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1964

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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 #11864703)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
Aug 19, 2023 Listed by ListWithFreedom.com $162,200
Listed by ListWithFreedom.com

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,800
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 1,312
  • Building Area: 1,312
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,312
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST PLAINS SECOND ADDN
  • Land Acres: 0000000225
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: WEST PLAINS 2ND ADDN LOT 57 ~97BK2715/367 140X70 ~94BK2567/489 61,000

Neighborhood

  • School District Name: Argenta-Oreana Community Unit School District 1
  • Census Tract: 002200

Zoning

  • Zoning: MUNICIPAL

Geography

  • Account Number: 180816103006
  • District: 18
  • Parcel: 18-08-16-103-006
  • Lot: 57
  • Municipality: WHITMORE
  • Latitude: 39.9365
  • Longitude: -88.8773

    Address

  • Full Address: 204 Rayjon Dr
  • Address - House Number: 204
  • Address - Street Name: Rayjon
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oreana
  • Carrier Code: R021
  • 4-Digit Zip Code: 9751
  • Zip Code: 62554

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $221,184
  • Tax Rate Code Area: 18263

    Appraisal Valuation

  • Standard Deviation: 0.1172
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 87
  • Final Value: 148,670
  • High Value: 166,108
  • Low Value: 131,232

    Market Valuation

  • Market Total Value: $97,747
  • Market Land Value: $11,272
  • Market Improvement Value: $86,475

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,579
  • Assessed Land Value: $3,757
  • Assessed Improvements Value: $28,822

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2013
  • Current Sale Recording Date: Oct 17, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1863143
  • Previous Sale Recording Date: Apr 01, 1997
  • Previous Sale Contract Date: Apr 01, 1997
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: 27
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 Oreana

Stats & Trends

Median Asking:

$179,900

Sale Price/ft²

$161

Below Asking

0.02%

Average Days on Market

46

Average Home Size

1032 ft²

Average Home Age

71 years

Currently For Sale

1 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: Henry Torn, ListWithFreedom.com
Last Updated: 3 years ago
Data Source: MRED, MLS# 11864703
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 204 Rayjon Drive built and last sold?
The property at 204 Rayjon Drive was built in 1964 and last sold on Oct 15, 2013 for $110,000.
How much is this home worth?
The estimated value of the home located at 204 Rayjon Drive is $0.
What are some comparable homes to 204 Rayjon Drive?
There are currently no comparable homes to 204 Rayjon Drive.
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