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Rantoul 61866
227 N Scott Street
$62,500
● House - Off Market

227 N Scott Street

Rantoul, IL 61866
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,440 Ft²
$67,499
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

THIS USED TO BE TWO APARTMENTS WITH TWO BEDROOMS, BATHROOM, LIVING ROOM AND KITCHEN IN EACH.  CURRENT OWNER INSTALLED A SPIRAL STAIRCASE IN IT AND MADE IT ONE SINGLE FAMILY HOME.. THERE IS 24 x 50 WORKSHOP WITH A METAL ROOF IN THE REAR YARD AS WELL AS A 14 x 8 GARDEN SHED "" THIS DEFINITELY A FIXER UPPER..""
Unit Size
1,440 Ft²
Days on Market
-
Land Size
-
Price per sqft
$45
Property Type
House
Property Taxes
$168
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 #11400083)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
May 10, 2022 Listed by REALTY 2000,INC $64,900
Listed by REALTY 2000,INC

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Business/Commerical Units Count: 2
  • 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: 17,729
  • 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: SCOTTS, W.T., 1ST ADD AND OTHER LAND
  • Land Acres: 0000000406
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOTS 7, 8 BLOCK 4 SCOTTS, W.T., 1ST ADD AND OTHER LAND

Neighborhood

  • School District Name: Rantoul City School District 137
  • School Tax School District: 101
  • Census Tract: 010204

Geography

  • District: 20
  • Parcel: 20-03-34-453-004
  • Block: 4
  • Lot: 7,8
  • Meridian: SEC 34 TWN 22N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.313
  • Longitude: -88.1624

    Address

  • Full Address: 227 N Scott St
  • Address - House Number: 227
  • Street Direction: N
  • Address - Street Name: Scott
  • Address - Suffix Type: St
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C008
  • 4-Digit Zip Code: 1469
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $215,788
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.2638
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 94,517
  • High Value: 119,457
  • Low Value: 69,578

    Market Valuation

  • Market Total Value: $78,750
  • Market Land Value: $13,140
  • Market Improvement Value: $65,610

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,250
  • Assessed Land Value: $4,380
  • Assessed Improvements Value: $21,870

    Sales

  • Current Sale Contract Date: Aug 14, 2022
  • Current Sale Recording Date: Oct 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18454
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:

$139,950

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1494 ft²

Average Home Age

54.7 years

Currently For Sale

11 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: Herman Fogal, REALTY 2000,INC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11400083
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 227 North Scott Street built and last sold?
The property at 227 North Scott Street was built in and last sold on Aug 14, 2022 for $62,500.
How much is this home worth?
The estimated value of the home located at 227 North Scott Street is $0.
What are some comparable homes to 227 North Scott Street?
There are currently no comparable homes to 227 North Scott Street.
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