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Urbana 61802
2302 Slayback Street
$200,000
● House - Off Market

2302 Slayback Street

Urbana, IL 61802
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,696 Ft²
$988
Est. Monthly
$2
HOA / Fees
8.22%
Cap Rate

About This Property

One Owner home in Edgewood subdivision in Urbana. All Brick Home, Low Outside Maintenance.  Spacious and bright eat-in kitchen and island. Kitchen pantry closet and many cabinets. Separate dining area with sliding glass door that leads to the backyard. Large living room. 3 Bedroom, 1.5 Bath.  Unfinished basement, great for entertaining, hobbies. Huge fenced backyard for playing croquet, badminton, or a pool. Roof 2 years old. County Taxes. Sold As Is.
Unit Size
1,696 Ft²
Days on Market
-
Land Size
-
Price per sqft
$118
Property Type
House
Property Taxes
$4
HOA Dues
$2
Year Built
1965

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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 #12114201)

Price History

Date / Event Date Event Price
Sep 11, 2024 Sold
Premium
Sold
Aug 10, 2024 In contract -
In contract
Aug 6, 2024 Listed by RE/MAX REALTY ASSOCIATES-CHA $200,000
Listed by RE/MAX REALTY ASSOCIATES-CHA

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 633
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,763
  • Total Building Area: 1,696
  • Building Area: 1,696
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD SUB 7TH
  • Land Acres: 0000000362
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 123 EDGEWOOD SUB 7TH

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005500

Geography

  • District: 30
  • Parcel: 30-21-10-303-001
  • Lot: 123
  • Meridian: SEC 10 TWN 19N RNG 09E
  • Municipality: URBANA
  • Latitude: 40.1174
  • Longitude: -88.1781

    Address

  • Full Address: 2302 Slayback St
  • Address - House Number: 2302
  • Address - Street Name: Slayback
  • Address - Suffix Type: St
  • State: IL
  • City Name: Urbana
  • Carrier Code: R006
  • 4-Digit Zip Code: 2128
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,400
  • Tax Rate Code Area: 3006C

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 208,565
  • High Value: 251,779
  • Low Value: 165,350

    Market Valuation

  • Market Total Value: $159,990
  • Market Land Value: $38,910
  • Market Improvement Value: $121,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,330
  • Assessed Land Value: $12,970
  • Assessed Improvements Value: $40,360

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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

1736 ft²

Average Home Age

51 years

Currently For Sale

85 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: Sherry Gordon, RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 3 years ago
Data Source: MRED, MLS# 12114201
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 2302 Slayback Street built and last sold?
The property at 2302 Slayback Street was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2302 Slayback Street is $0.
What are some comparable homes to 2302 Slayback Street?
There are currently no comparable homes to 2302 Slayback Street.
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