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Urbana 61802
302 Dodson Drive E
$235,000
● House - Off Market

302 Dodson Drive E

Urbana, IL 61802
bedrooms
2 Beds
bathrooms
3 Baths
square feet
1,134 Ft²
$1,418
Est. Monthly
4.14%
Cap Rate

About This Property

Nestled in an established neighborhood, this charming three-bedroom ranch offers over 2,200 square feet of finished living space. The main level features the primary bedroom with an office/reading nook and a full bathroom. Enjoy the open-concept kitchen, living room, and dining room-perfect for entertaining. The full basement includes a spacious family room with a wet bar, an additional bedroom, and a full bathroom. Outside, you'll find a lovely tree filled lot and a two-car detached garage. With easy access to the interstate, this home checks all the boxes. Call today for your private showing!
Unit Size
1,134 Ft²
Days on Market
-
Land Size
-
Price per sqft
$207
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #12051624)

Price History

Date / Event Date Event Price
Jun 17, 2024 Sold
Premium
Sold
May 30, 2024 Listed by Taylor Realty Associates $235,000
Listed by Taylor Realty Associates

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 8
  • Basement Area: 1,245
  • Garage Type: 1
  • Garage Square Area: 592
  • Parking Space Count: 2
  • Patio Type: 14
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,344
  • Total Building Area: 3,082
  • Gross Building Area: 3,082
  • Building Area: 1,245
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,245
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD SUB 2ND
  • Land Acres: 0000000237
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 24 EDGEWOOD SUB 2ND

Neighborhood

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

Geography

  • District: 30
  • Parcel: 30-21-10-381-009
  • Lot: 24
  • Meridian: SEC 10 TWN 19N RNG 09E
  • Municipality: URBANA
  • Latitude: 40.1152
  • Longitude: -88.1724

    Address

  • Full Address: 302 Dodson Dr E
  • Address - House Number: 302
  • Street Segment Direction: E
  • Address - Street Name: Dodson
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: R006
  • 4-Digit Zip Code: 2214
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $316,134
  • Tax Rate Code Area: 3005C

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 170,993
  • High Value: 215,635
  • Low Value: 126,351

    Market Valuation

  • Market Total Value: $124,770
  • Market Land Value: $34,110
  • Market Improvement Value: $90,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,590
  • Assessed Land Value: $11,370
  • Assessed Improvements Value: $30,220

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2016
  • Current Sale Recording Date: Dec 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016R25535
  • Previous Sale Recording Date: Jan 02, 2003
  • Previous Sale Contract Date: Dec 17, 2002
  • Previous Sale Amount: $110,500
  • Previous Sale Document Type: 71
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:

$239,950

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1714 ft²

Average Home Age

52.7 years

Currently For Sale

89 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, Urbana, IL, 61801

$1,095 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
1806 S Cottage Grove Avenue #114, Urbana, IL, 61801 Listing by Dominic DiBrizzi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Russell Taylor, Taylor Realty Associates
Last Updated: 3 years ago
Data Source: MRED, MLS# 12051624
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 302 Dodson Drive East built and last sold?
The property at 302 Dodson Drive East was built in 1957 and last sold on Dec 19, 2016 for $115,000.
How much is this home worth?
The estimated value of the home located at 302 Dodson Drive East is $234,553.
What are some comparable homes to 302 Dodson Drive East?
There are currently no comparable homes to 302 Dodson Drive East.
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