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Philo 61864
506 Valley View Drive
$105,000
● House - Off Market

506 Valley View Drive

Philo, IL 61864
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
896 Ft²
$120,933
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Great 1 story, 896 SF, home located in a nice area of Philo. Great floorplan with 3 Bedrooms and 1.5 Bathrooms. Lovely bright, eat in kitchen, with new granite countertops. Ready for your final touches. Carpet has been removed and is ready for you to make your own selection. House has been priced accordingly. Large spacious lot with a fenced in backyard. Small town living at its finest!
Unit Size
896 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1991

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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 #11325318)

Price History

Date / Event Date Event Price
May 2, 2022 Sold
Premium
Sold
Feb 15, 2022 Listed by RE/MAX REALTY ASSOCIATES-MAHO $119,999
Listed by RE/MAX REALTY ASSOCIATES-MAHO

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,524
  • Total Building Area: 896
  • Building Area: 896
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHIPLEY ESTATES UNIT 3
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 100 SHIPLEY ESTATES UNIT 3

Neighborhood

  • School District Name: Tolono Community Unit School District 7
  • School Tax School District: 101
  • Census Tract: 010901

Geography

  • District: 19
  • Parcel: 19-27-23-456-001
  • Lot: 100
  • Meridian: SEC 23 TWN 18N RNG 09E
  • Municipality: PHILO
  • Latitude: 39.9996
  • Longitude: -88.1507

    Address

  • Full Address: 506 Valley View Dr
  • Address - House Number: 506
  • Address - Street Name: Valley View
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Philo
  • Carrier Code: R001
  • 4-Digit Zip Code: 9624
  • Zip Code: 61864

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $250,670
  • Tax Rate Code Area: 1902

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 116,310
  • High Value: 129,322
  • Low Value: 103,297

    Market Valuation

  • Market Total Value: $135,900
  • Market Land Value: $30,870
  • Market Improvement Value: $105,030

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,300
  • Assessed Land Value: $10,290
  • Assessed Improvements Value: $35,010

    Sales

  • Current Sale Contract Date: Mar 28, 2007
  • Current Sale Recording Date: Apr 09, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2007R08245
  • Previous Sale Recording Date: Apr 09, 2007
  • Previous Sale Contract Date: Dec 11, 2006
  • Previous Sale Amount: $110,000
  • 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 Philo

Stats & Trends

Median Asking:

$216,200

Sale Price/ft²

$145

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1196 ft²

Average Home Age

87.7 years

Currently For Sale

3 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: Brian Hannon, RE/MAX REALTY ASSOCIATES-MAHO
Last Updated: 3 years ago
Data Source: MRED, MLS# 11325318
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 506 Valley View Drive built and last sold?
The property at 506 Valley View Drive was built in 1991 and last sold on Mar 28, 2007 for $110,000.
How much is this home worth?
The estimated value of the home located at 506 Valley View Drive is $121,071.
What are some comparable homes to 506 Valley View Drive?
There are currently no comparable homes to 506 Valley View Drive.
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