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Urbana 61802
405 Mcgee Circle
$196,000
● House - Off Market

405 Mcgee Circle

Urbana, IL 61802
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,626 Ft²
$191,372
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Beautifully maintained, 2BD/2BA, all brick ranch home on a cul-de-sac in Edgewood Subdivision with low county taxes! This home has had only one owner and offers an extra large eat-in kitchen w/ gas appliances, breakfast bar and built in desk, plus a separate dining room and a spacious living room w/ gas fireplace. Both bedrooms have walk-in closets, providing plenty of storage space. Spend time relaxing in the four seasons room or head out to the large backyard with paver patio, red Maple trees and a convenient storage shed. Home is convenient to bus lines, shopping, restaurants, downtown Urbana and I74.
Unit Size
1,626 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1983

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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 #11727381)

Price History

Date / Event Date Event Price
May 18, 2023 Sold
Premium
Sold
Mar 20, 2023 Listed by KELLER WILLIAMS-TREC $189,900
Listed by KELLER WILLIAMS-TREC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 546
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,606
  • Total Building Area: 1,487
  • Building Area: 1,487
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD SUB 14TH
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 175 EDGEWOOD SUB 14TH

Neighborhood

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

Geography

  • District: 30
  • Parcel: 30-21-10-304-013
  • Lot: 175
  • Meridian: SEC 10 TWN 19N RNG 09E
  • Municipality: URBANA
  • Latitude: 40.1166
  • Longitude: -88.1777

    Address

  • Full Address: 405 Mcgee Cir
  • Address - House Number: 405
  • Address - Street Name: Mcgee
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: Urbana
  • Carrier Code: R006
  • 4-Digit Zip Code: 2161
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $353,348
  • Tax Rate Code Area: 3006C

    Appraisal Valuation

  • Standard Deviation: 0.2294
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 68
  • Final Value: 203,588
  • High Value: 250,306
  • Low Value: 156,869

    Market Valuation

  • Market Total Value: $152,790
  • Market Land Value: $33,960
  • Market Improvement Value: $118,830

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,930
  • Assessed Land Value: $11,320
  • Assessed Improvements Value: $39,610

    Sales

  • Current Sale Contract Date: May 18, 2023
  • Current Sale Recording Date: May 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6483
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, 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: Katie Ruthstrom, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11727381
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 405 McGee Circle built and last sold?
The property at 405 McGee Circle was built in 1983 and last sold on May 18, 2023 for $196,000.
How much is this home worth?
The estimated value of the home located at 405 McGee Circle is $0.
What are some comparable homes to 405 McGee Circle?
There are currently no comparable homes to 405 McGee Circle.
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