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Urbana 61802
2803 Clarion Road
Photo of 2803 Clarion Road

3

Map

Photo of 2803 Clarion Road
Photo of 2803 Clarion Road
$65,000
● Land - For Sale

2803 Clarion Road

Urbana, IL 61802
bedrooms
Studio
bathrooms
0 Bath
$324
Est. Monthly

About This Property

Tucked away on the NE side of Urbana, it's time to Build your Dream Home HERE.  SAVE approximately 55% off property taxes over 5 Years with the Think Urbana Program in place.  That's like FREE money!  AND No Sales tax on materials either!  It's a WIN/WIN.  This subdivision boasts 4 bodies of water and walking paths throughout.    Close to shopping and interstate access for ease of convenience.   HOA fees are $200/year.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
-

Listed By

Stefanie Pratt
[email protected]
Coldwell Banker R.E. Group

Payment Calculator

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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.

Property Highlights

Exterior Details
Lot Size Area: 9583.2
Lot Size Units: Square Feet
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Lot Size Dimensions: 62.88X135X40+56.98X137.79
Water Source: Municipal Water
Financial Details
Tax Annual Amount: $50
Utilities Details
Sewer : Storm Sewer

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
  • 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: 9,676
  • 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: V
  • Subdivision: BERINGER COMMONS SUB NO 5
  • Land Acres: 0000000222
  • Standard Land Use Code: 8010
  • County Land Use Code: 0032
  • Legal Description 1: LOT 582 BERINGER COMMONS SUB NO 5

Neighborhood

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

Geography

  • District: 09
  • Parcel: 91-21-10-404-012
  • Lot: 582
  • Meridian: SEC 10 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1181
  • Longitude: -88.1709

    Address

  • Full Address: 2803 Clarion Rd
  • Address - House Number: 2803
  • Address - Street Name: Clarion
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Urbana
  • Carrier Code: R002
  • 4-Digit Zip Code: 9432
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,792
  • Tax Rate Code Area: 9103

    Market Valuation

  • Market Total Value: $330
  • Market Land Value: $330

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $110
  • Assessed Land Value: $110
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

1747 ft²

Average Home Age

52.7 years

Currently For Sale

82 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

Unit for rent at 1806 S Cottage Grove Avenue, IL, 61802

$997 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
1806 S Cottage Grove Avenue #113, IL, 61802 Listing by Dominic DiBrizzi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Stefanie Pratt, Coldwell Banker R.E. Group
Data Source: MRED, MLS# MRD12684238
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 2803 Clarion Road built and last sold?
The property at 2803 Clarion Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2803 Clarion Road is $65,650.
What are some comparable homes to 2803 Clarion Road?
There are currently no comparable homes to 2803 Clarion Road.
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