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Rantoul 61866
224 Bethany Park Drive
$297,500
● House - Off Market

224 Bethany Park Drive

Rantoul, IL 61866
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,404 Ft²
$1,809
Est. Monthly
6.90%
Cap Rate

About This Property

Come view this recently renovated 5 bedroom, 3 1/2 bath brick ranch on a corner lot with a fenced-in private backyard.  The following upgrades are as follows, a new roof in 2015.  New laminate and vinyl plank flooring, new countertops, backsplash, appliances, LED can lights, and updated light fixtures in 2016.  The basement renovation includes a bedroom with an egress window and walk-in closet and a full bathroom. There are new doors and trim, LED wafer lighting throughout, and plumbed for a kitchenette.  New brick chimney in 2022 and new garage door in 2023.  New toilets in the bathrooms.
Unit Size
2,404 Ft²
Days on Market
-
Land Size
-
Price per sqft
$114
Property Type
House
Property Taxes
$459
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.

Last updated: 3 years ago (MRED MLS #11882982)

Price History

Date / Event Date Event Price
Dec 13, 2023 Sold
Premium
Sold
Sep 13, 2023 Listed by TOWN & COUNTRY REALTY,LLP $275,000
Listed by TOWN & COUNTRY REALTY,LLP

Property Highlights

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
  • Living Units: 1
  • 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: 12,955
  • 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: BETHANY PARK 2ND ADD
  • Land Acres: 0000000297
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 4 BETHANY PARK 2ND ADD

Neighborhood

  • School District Name: Rantoul City School District 137
  • School Tax School District: 101
  • Census Tract: 010100

Geography

  • District: 14
  • Parcel: 14-03-36-355-014
  • Lot: 4
  • Meridian: SEC 36 TWN 22N RNG 09E
  • Municipality: LUDLOW
  • Latitude: 40.313
  • Longitude: -88.1335

    Address

  • Full Address: 224 Bethany Park Dr
  • Address - House Number: 224
  • Address - Street Name: Bethany Park
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C010
  • 4-Digit Zip Code: 2022
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $550,368
  • Tax Rate Code Area: 1405

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 272,329
  • High Value: 302,797
  • Low Value: 241,861

    Market Valuation

  • Market Total Value: $172,770
  • Market Land Value: $16,170
  • Market Improvement Value: $156,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,590
  • Assessed Land Value: $5,390
  • Assessed Improvements Value: $52,200

    Sales

  • Current Sale Contract Date: Dec 13, 2023
  • Current Sale Recording Date: Dec 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17709
  • Previous Sale Recording Date: Nov 25, 2013
  • Previous Sale Contract Date: Nov 22, 2013
  • Previous Sale Amount: $140,000
  • 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 Rantoul

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$117

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1626 ft²

Average Home Age

54.3 years

Currently For Sale

8 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: Brenda Bailey-Combest, TOWN & COUNTRY REALTY,LLP
Last Updated: 3 years ago
Data Source: MRED, MLS# 11882982
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 224 Bethany Park Drive built and last sold?
The property at 224 Bethany Park Drive was built in and last sold on Dec 13, 2023 for $297,500.
How much is this home worth?
The estimated value of the home located at 224 Bethany Park Drive is $0.
What are some comparable homes to 224 Bethany Park Drive?
There are currently no comparable homes to 224 Bethany Park Drive.
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