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Macon 62521
2295 Hulett Drive
$126,000
● Land - Off Market

2295 Hulett Drive

Decatur, IL 62521
bedrooms
Studio
bathrooms
0 Bath
$688
Est. Monthly

About This Property

Great residential building location on 2 acres with an approx. 42'ft x 81'ft pole barn that has a large wraparound porch. City water/natural gas available. Private sewer system is required. Water well on premises but not connected.  200 amp outdoor hookup/no dump, for a recreational vehicle/camper. Build your dream home and have an awesome "man-cave" for hobbies and toys.  Pole barn is unfinished so bring your dream "barn-dominium" plans. All residential building codes/permits are required by the City of Decatur, Illinois for the conversion of the pole barn. This new 2 acre L-shaped parcel is still on the deed as being part of 2295 Hulett Drive  and is yet to have its own identification number.
Unit Size
-
Days on Market
-
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1968

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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 #11978797)

Price History

Date / Event Date Event Price
Jun 5, 2024 Sold
Premium
Sold
Feb 11, 2024 Listed by ListWithFreedom.com $140,000
Listed by ListWithFreedom.com

Property Highlights

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1,450
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 174,240
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: E 4 ACS OF N 7 ~ACS OF N 15 ACS ~W 1/2 NE 1/4 SE 1/4 ~04BK3533/520 ~95BK2587/570 85,000 ~01BK3081/770 128,000

Neighborhood

  • School District Name: Decatur School District 61
  • Census Tract: 002601

Zoning

  • Zoning: MUNICIPAL

Geography

  • Account Number: 171229426002
  • District: 17
  • Parcel: 17-12-29-426-002
  • Meridian: SEC 29 TWN 16N RNG 2E
  • Municipality: SOUTH WHEATLAND
  • Latitude: 39.81
  • Longitude: -88.9941

    Address

  • Full Address: 2295 Hulett Dr
  • Address - House Number: 2295
  • Address - Street Name: Hulett
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Decatur
  • Carrier Code: R004
  • 4-Digit Zip Code: 9214
  • Zip Code: 62521

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 17325

    Appraisal Valuation

  • Standard Deviation: 0.1176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 87
  • Final Value: 273,049
  • High Value: 305,180
  • Low Value: 240,918

    Market Valuation

  • Market Total Value: $237,897
  • Market Land Value: $29,361
  • Market Improvement Value: $208,536

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,291
  • Assessed Land Value: $9,786
  • Assessed Improvements Value: $69,505

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 2004
  • Current Sale Recording Date: Sep 01, 2004
  • Current Sale Price:
    Premium
  • Current 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 Macon

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$88

Below Asking

0.08%

Average Days on Market

51

Average Home Size

1891 ft²

Average Home Age

72.4 years

Currently For Sale

34 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: Henry Torn, ListWithFreedom.com
Last Updated: 3 years ago
Data Source: MRED, MLS# 11978797
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 2295 Hulett Drive built and last sold?
The property at 2295 Hulett Drive was built in 1968 and last sold on Sep 1, 2004 for $132,000.
How much is this home worth?
The estimated value of the home located at 2295 Hulett Drive is $0.
What are some comparable homes to 2295 Hulett Drive?
There are currently no comparable homes to 2295 Hulett Drive.
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