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Villa Grove 61956
508 Timothy Drive
$52,250
● House - Off Market

508 Timothy Drive

Villa Grove, IL 61956
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,120 Ft²
$319
Est. Monthly
19.54%
Cap Rate

About This Property

Investment opportunity! Two mobile homes placed at the edge of town. Seller occupies one and rents the other one out. The owner occupied space (510 Timothy Lot #2) has had some updates. A new furnace was installed in 2024 along with new plumbing, heat tape, new electrical and water softener. This home is a 2 bed with 2 full bath. One bath is off the master and also has a walk in closet.  508 Timothy is the current investment property, renting at $700/month. This home has 3 bedrooms and 1 bath. Updates include a new roof in 2016 and furnace and AC in 2016. Come take a look and see if its a fit for you!
Unit Size
1,120 Ft²
Days on Market
-
Land Size
-
Price per sqft
$53
Property Type
House
Property Taxes
$25
HOA Dues
-
Year Built
1994

Payment Calculator

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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: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 10
  • Building Style: 45
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 9,453
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THOMAS ADDN
  • Land Acres: 0000000217
  • Standard Land Use Code: 1006
  • County Land Use Code: 0040
  • Mobile Home Indicator: T
  • Legal Description 1: THOMAS ADDN LOT 2 TWO MOBILE HOME PADS

Neighborhood

  • School District Name: Villa Grove Community Unit School District 302
  • Census Tract: 952100

Geography

  • District: CA
  • Parcel: 04-03-03-420-00200
  • Lot: 2
  • Municipality: CAMARGO
  • Latitude: 39.8695
  • Longitude: -88.1692

    Address

  • Full Address: 508 Timothy Dr
  • Address - House Number: 508
  • Address - Street Name: Timothy
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Villa Grove
  • Carrier Code: C002
  • 4-Digit Zip Code: 1040
  • Zip Code: 61956

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,422
  • Tax Rate Code Area: CA008

    Appraisal Valuation

  • Standard Deviation: 0.2688
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 61
  • Final Value: 57,083
  • High Value: 72,432
  • Low Value: 41,734

    Market Valuation

  • Market Total Value: $25,818
  • Market Land Value: $11,517
  • Market Improvement Value: $14,301

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $8,606
  • Assessed Land Value: $3,839
  • Assessed Improvements Value: $4,767

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 18, 2011
  • Current Sale Recording Date: Mar 18, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Villa Grove

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$104

Below Asking

0.01%

Average Days on Market

73

Average Home Size

1723 ft²

Average Home Age

98.3 years

Currently For Sale

9 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

Rentals Near You

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MRED

Listed by: Cathy Means, Hillard Agency- Tuscola
Data Source: MRED, MLS# MRD12439251
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 508 Timothy Drive built and last sold?
The property at 508 Timothy Drive was built in 1994 and last sold on Mar 18, 2011 for $29,000.
How much is this home worth?
The estimated value of the home located at 508 Timothy Drive is $61,557.
What are some comparable homes to 508 Timothy Drive?
There are currently no comparable homes to 508 Timothy Drive.
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