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Rantoul 61866
5 GERALD Road
$87,500
● House - Off Market

5 GERALD Road

Rantoul, IL 61866
bedrooms
2 Beds
bathrooms
1 Bath
square feet
811 Ft²
$542
Est. Monthly
13.38%
Cap Rate

About This Property

LOVELY TWO BEDROOM, ONE BATHROOM  HOME ON A QUIET STREET IN AN OLDER AREA OF RANTOUL. RENOVATED IN 2013 TO INCLUDE NEW SHINGLES, NEW WINDIWS, NEW HARDWOOD FLOORS, NEW KITCHEN CABINETS AND COUNTERTOPS, NEW BATHROOM VANITY, SINK AND TUB AND TUB SURROUND ...IMMACULATE CONDITION..DEEP BACK YARD BACKS UP TO A TALL WOOD PRIVACY FENCE..QUIET STREET CLOSE TO RT 136..VILLAGE PARK ONE BLOCK AWAY..CENTRALLY LOCATED CLOSE TO SHOPPING, EATING FACILITES AND A NEW SPORTS COMPLEX ON THE WEST SIDE OF RANTOUL.. RESIDENT JUST MOVED OUT..GREAT PROPERTY FOR A GREAT PRICE..WILL NOT LAST LONG!!!
Unit Size
811 Ft²
Days on Market
-
Land Size
-
Price per sqft
$110
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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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: 3 years ago (MRED MLS #11923375)

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold
Premium
Sold
Nov 3, 2023 Listed by REALTY 2000,INC $89,500
Listed by REALTY 2000,INC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,546
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARDEN MANOR 2ND SUB
  • Land Acres: 0000000127
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 9 GARDEN MANOR 2ND SUB

Neighborhood

  • School District Name: Rantoul City School District 137
  • School Tax School District: 101
  • Census Tract: 010204

Geography

  • District: 20
  • Parcel: 20-09-03-251-042
  • Lot: 9
  • Meridian: SEC 03 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3075
  • Longitude: -88.1625

    Address

  • Full Address: 5 Gerald Rd
  • Address - House Number: 5
  • Address - Street Name: Gerald
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C008
  • 4-Digit Zip Code: 2813
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $122,784
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 85,699
  • High Value: 95,287
  • Low Value: 76,111

    Market Valuation

  • Market Total Value: $34,890
  • Market Land Value: $13,140
  • Market Improvement Value: $21,750

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,630
  • Assessed Land Value: $4,380
  • Assessed Improvements Value: $7,250

    Sales

  • Current Sale Contract Date: Dec 29, 2023
  • Current Sale Recording Date: Jan 03, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 155
  • Previous Sale Recording Date: May 23, 2013
  • Previous Sale Contract Date: May 22, 2013
  • Previous Sale Amount: $28,500
  • 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 Rantoul

Stats & Trends

Median Asking:

$139,950

Sale Price/ft²

$117

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1714 ft²

Average Home Age

54.2 years

Currently For Sale

10 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: Herman Fogal, REALTY 2000,INC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11923375
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 5 Gerald Road built and last sold?
The property at 5 Gerald Road was built in and last sold on Dec 29, 2023 for $87,500.
How much is this home worth?
The estimated value of the home located at 5 Gerald Road is $0.
What are some comparable homes to 5 Gerald Road?
There are currently no comparable homes to 5 Gerald Road.
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