$55,000
●
Land -
Off Market
3022 Beringer Circle
Urbana, IL 61802
Studio
0 Bath
$392
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. There are
lake properties as well as non-lake lots available. Majority of
lots are over .25 of an acre or more. Take your pick! Close to
shopping and interstate access for ease of convenience. Call for a
complete list of available lots today and let's get started.
Builders welcome. Average subidivision home prices are $250,000 to
$750,000, depending on location. HOA fees are $200/year.
Unit Size
-
Days on Market
-
Land Size
0.31 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
-
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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: 2 years ago (MRED MLS #12193609)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Oct 21, 2024 | Listed by Coldwell Banker R.E. Group | $79,000 | |
| Listed by Coldwell Banker R.E. Group | |||
| Oct 17, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| Apr 17, 2024 | Listed by Coldwell Banker R.E. Group | $79,000 | |
| Listed by Coldwell Banker R.E. Group | |||
| | |||
|
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. There are lake properties as well as non-lake lots available. Majority of lots are over .25 of an acre or more. Take your pick! Close to shopping and interstate access for ease of convenience. Call for a complete list of available lots today and let's get started. Builders welcome. Average subidivision home prices are $250,000 to $750,000, depending on location. HOA fees are $200/year.
| |||
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Urbana
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Listed by: Stefanie Pratt, Coldwell Banker R.E. Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12193609
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12193609
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