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Philo 61864
515 Valley View Drive
$175,000
● House - Off Market

515 Valley View Drive

Philo, IL 61864
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,050 Ft²
$1,096
Est. Monthly

About This Property

Situated on a spacious corner lot just over a quarter acre, this charming three bedroom one bath home offers a fully fenced yard letting you enjoy the outdoors, whether you are hosting, gardening, or letting pets roam. The living room opens directly to the kitchen, creating an easy and comfortable layout for everyday living and entertaining. A brand new refrigerator and dishwasher are scheduled to be installed this month, adding both value and convenience. All three bedrooms are comfortably sized, with a primary bedroom that easily fits a king bed. Located in the Unit 7 school district with a private grade school just blocks away and a quick drive to Champaign Urbana, this home has already been pre inspected so you can move in with confidence and ease.
Unit Size
1,050 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$167
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1991

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Cap Rate Calculator

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 1,050
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,891
  • Total Building Area: 2,364
  • Gross Building Area: 2,364
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,050
  • 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: 0000000342
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 72 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: 19-27-23-451-037
  • Lot: 72
  • Meridian: SEC 23 TWN 18N RNG 09E
  • Municipality: PHILO
  • Latitude: 39.9989
  • Longitude: -88.1495

    Address

  • Full Address: 515 Valley View Dr
  • Address - House Number: 515
  • Address - Street Name: Valley View
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Philo
  • Carrier Code: R001
  • 4-Digit Zip Code: 9625
  • Zip Code: 61864

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $258,166
  • Tax Rate Code Area: 1902

    Appraisal Valuation

  • Standard Deviation: 0.2682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 190,019
  • High Value: 240,995
  • Low Value: 139,042

    Market Valuation

  • Market Total Value: $139,440
  • Market Land Value: $30,870
  • Market Improvement Value: $108,570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,480
  • Assessed Land Value: $10,290
  • Assessed Improvements Value: $36,190

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 06, 2012
  • Current Sale Recording Date: Jul 09, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012R16662
  • Previous Sale Recording Date: Dec 03, 2010
  • Previous Sale Contract Date: Dec 01, 2010
  • Previous Sale Amount: $104,000
  • 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: Barbara Gallivan, KELLER WILLIAMS-TREC
Data Source: MRED, MLS# MRD12543308
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 Valley View Drive built and last sold?
The property at 515 Valley View Drive was built in 1991 and last sold on Jul 6, 2012 for $105,000.
How much is this home worth?
The estimated value of the home located at 515 Valley View Drive is $0.
What are some comparable homes to 515 Valley View Drive?
There are currently no comparable homes to 515 Valley View Drive.
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