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Gibson City 60936
515 Gray Drive
$110,000
● House - Off Market

515 Gray Drive

Gibson City, IL 60936
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$115,892
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

You are going to love this two bedroom one bath home located on a quiet street in Gibson City.  In the last two years this home has had fresh paint, new vinyl floors, carpet, kitchen counters, and sink! Look no farther for your new home!
Unit Size
864 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1954

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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 #11757008)

Price History

Date / Event Date Event Price
May 19, 2023 Sold
Premium
Sold
Apr 13, 2023 Listed by RE/MAX Rising $115,000
Listed by RE/MAX Rising

Property Highlights

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 288
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,152
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND CO SUB DIV
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: S65' OF N260' OF E120' OF W280' LOT 4 LAND CO SUB DIV 65 X 120

Neighborhood

  • School District Name: Gibson City-Melvin-Sibley Community Unit School District 5
  • Census Tract: 962000

Geography

  • District: 90
  • Parcel: 09-11-11-477-012
  • Lot: 4
  • Meridian: SEC 11 TWN 23N RNG 07E
  • Municipality: DRUMMER TOWNSHIP
  • Latitude: 40.4594
  • Longitude: -88.3682

    Address

  • Full Address: 515 Gray Dr
  • Address - House Number: 515
  • Address - Street Name: Gray
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Gibson City
  • Carrier Code: C002
  • 4-Digit Zip Code: 1813
  • Zip Code: 60936

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $233,048
  • Tax Rate Code Area: 09003

    Appraisal Valuation

  • Standard Deviation: 0.3401
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 31
  • Final Value: 206,934
  • High Value: 277,330
  • Low Value: 136,537

    Market Valuation

  • Market Total Value: $86,190
  • Market Land Value: $12,450
  • Market Improvement Value: $73,740

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,730
  • Assessed Land Value: $4,150
  • Assessed Improvements Value: $24,580

    Sales

  • Current Sale Contract Date: May 19, 2023
  • Current Sale Recording Date: May 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 281340
  • Previous Sale Recording Date: Jun 28, 2016
  • Previous Sale Contract Date: Jun 28, 2016
  • Previous Sale Amount: $82,500
  • 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 Gibson City

Stats & Trends

Median Asking:

$145,200

Sale Price/ft²

$132

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1643 ft²

Average Home Age

75.4 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

Rentals Near You

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MRED

Listed by: Rhendy Bradshaw, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11757008
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 515 Gray Drive built and last sold?
The property at 515 Gray Drive was built in 1954 and last sold on May 19, 2023 for $73,333.
How much is this home worth?
The estimated value of the home located at 515 Gray Drive is $0.
What are some comparable homes to 515 Gray Drive?
There are currently no comparable homes to 515 Gray Drive.
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