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Urbana 61802
308 S Dodson Drive
$90,000
● House - Off Market

308 S Dodson Drive

Urbana, IL 61802
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,776 Ft²
$706
Est. Monthly
16.79%
Cap Rate

About This Property

CALLING ALL INVESTORS!!!!!  Ready to dig into and turn into the perfect home or investment.  Spacious Bi-Level with 3 bedrooms, 1 and 1/2 baths with lots of living space to take in.
Unit Size
1,776 Ft²
Days on Market
-
Land Size
-
Price per sqft
$56
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1963

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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

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • 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: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 2
  • Basement Type: 8
  • Basement Area: 925
  • Garage Type: 1
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,989
  • Total Building Area: 1,277
  • Gross Building Area: 1,277
  • Building Area: 925
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 925
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCOTTSWOOD 4TH SUB
  • Land Acres: 0000000137
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 187 SCOTTSWOOD 4TH SUB

Neighborhood

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

Geography

  • District: 30
  • Parcel: 30-21-15-130-004
  • Lot: 187
  • Meridian: SEC 15 TWN 19N RNG 09E
  • Municipality: URBANA
  • Latitude: 40.1094
  • Longitude: -88.1751

    Address

  • Full Address: 308 S Glenn Dr
  • Address - House Number: 308
  • Street Direction: S
  • Address - Street Name: Glenn
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C029
  • 4-Digit Zip Code: 4529
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $143,234
  • Tax Rate Code Area: 3006C

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 98,492
  • High Value: 124,206
  • Low Value: 72,778

    Market Valuation

  • Market Total Value: $66,990
  • Market Land Value: $8,790
  • Market Improvement Value: $58,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,330
  • Assessed Land Value: $2,930
  • Assessed Improvements Value: $19,400

    Sales

  • Current Sale Contract Date: Jun 01, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R16061
  • Previous Sale Recording Date: Jul 17, 2018
  • Previous Sale Contract Date: Jul 16, 2018
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

1776 ft²

Average Home Age

53.1 years

Currently For Sale

92 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: Kimberly Krisman-Clark, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12321309
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 308 South Dodson Drive built and last sold?
The property at 308 South Dodson Drive was built in 1963 and last sold on Jun 1, 2021 for $88,000.
How much is this home worth?
The estimated value of the home located at 308 South Dodson Drive is $0.
What are some comparable homes to 308 South Dodson Drive?
There are currently no comparable homes to 308 South Dodson Drive.
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