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Urbana 61802
306 Dodson Drive E
$280,000
● House - Off Market

306 Dodson Drive E

Urbana, IL 61802
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,169 Ft²
$1,842
Est. Monthly

About This Property

Discover this 3-bedroom, 2-bath ranch home set on a spacious .36-acre lot with a full basement and over 2,100 sq ft of living space. The updated kitchen includes white cabinets, stainless steel appliances, and granite countertops. The primary suite in the back of the house offers privacy and an abundance of space with a large closet and en-suite bathroom with a separate tub and shower. The home received a new roof in 2018. Enjoy energy savings year-round with solar panels that help keep your electric bill low. Don't wait to schedule your showing!
Unit Size
2,169 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$127
Property Type
House
Property Taxes
$491
HOA Dues
-
Year Built
1954

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 3
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 8
  • Basement Area: 1,119
  • Garage Type: 1
  • Garage Square Area: 610
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,554
  • Total Building Area: 3,960
  • Gross Building Area: 3,960
  • Building Area: 2,231
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,231
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD SUB 3RD
  • Land Acres: 0000000357
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 26 EDGEWOOD SUB 2ND AND LOT PT 27 EDGEWOOD SUB 3RD

Neighborhood

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

Geography

  • District: 30
  • Parcel: 30-21-10-381-016
  • Lot: 26,27
  • Meridian: SEC 10 TWN 19N RNG 09E
  • Municipality: URBANA
  • Latitude: 40.1157
  • Longitude: -88.1723

    Address

  • Full Address: 306 Dodson Dr E
  • Address - House Number: 306
  • 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: $532,090
  • Tax Rate Code Area: 3005C

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 162,537
  • High Value: 204,972
  • Low Value: 120,103

    Market Valuation

  • Market Total Value: $198,120
  • Market Land Value: $51,030
  • Market Improvement Value: $147,090

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,040
  • Assessed Land Value: $17,010
  • Assessed Improvements Value: $49,030

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15140
  • Previous Sale Recording Date: Jun 25, 2019
  • Previous Sale Contract Date: Jun 18, 2019
  • Previous Sale Amount: $190,000
  • 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:

$239,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1693 ft²

Average Home Age

53.2 years

Currently For Sale

91 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 1306 E Green Street, Urbana, IL, 61802

$1,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,761 ft²
1306 E Green Street, Urbana, IL, 61802 Listing by Carol Meinhart
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: Lisa Duncan, KELLER WILLIAMS-TREC
Data Source: MRED, MLS# MRD12486716
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 306 Dodson Drive East built and last sold?
The property at 306 Dodson Drive East was built in 1954 and last sold on Aug 12, 2022 for $6,000.
How much is this home worth?
The estimated value of the home located at 306 Dodson Drive East is $0.
What are some comparable homes to 306 Dodson Drive East?
There are currently no comparable homes to 306 Dodson Drive East.
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