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Princeton 61356
642 Erickson Drive
$156,000
● House - Off Market

642 Erickson Drive

Princeton, IL 61356
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,376 Ft²
$159,065
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Delightful, well-kept ranch home with 3BR, 1.5 Bath, and full partially finished basement located in a great location on a quiet cul-de-sac. The outside and inside of the home have been freshly painted in 2021-2022. New roof 2022, New stove & refrigerator 2022, updated bathroom 2020, new Central Air 2017. Washer & Dryer stay with home, as well as, the refrigerator in the garage if buyer desires. Home has a full basement with half of it finished into a family room with flat-screen TV that can stay. The unfinished part of the basement has built-in shelves and a work bench. Note: shower in basement does not work. The attic is floored and extends over the entire home with access in the garage. Nice patio, back yard, and shed that stays. Please note: Possession must be after July 5, 2023.
Unit Size
1,376 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$116
Property Type
House
Property Taxes
$289
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.

Property Highlights

Air Conditioning
Garage

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
  • 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: 12,864
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 960
  • 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: ERICKSON
  • Land Acres: 0000000295
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: PRINCETON-ERICKSON SD L 8 (96X134) D 22-2836 TOD

Neighborhood

  • School District Name: Princeton High School District 500
  • Census Tract: 965300

Geography

  • Account Number: 1616429008
  • District: 16
  • Parcel: 16-16-429-008
  • Lot: 8
  • Meridian: SEC 16 TWN 16 RNG 09
  • Municipality: PRINCETON
  • Latitude: 41.3687
  • Longitude: -89.4534

    Address

  • Full Address: 642 Erickson Dr S
  • Address - House Number: 642
  • Street Segment Direction: S
  • Address - Street Name: Erickson
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Princeton
  • Zip Code: 61356

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $346,620
  • Tax Rate Code Area: 16001

    Appraisal Valuation

  • Standard Deviation: 0.1402
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 83
  • Final Value: 150,374
  • High Value: 171,465
  • Low Value: 129,283

    Market Valuation

  • Market Total Value: $158,277
  • Market Land Value: $22,194
  • Market Improvement Value: $136,083

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,759
  • Assessed Land Value: $7,398
  • Assessed Improvements Value: $45,361
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 Princeton

Stats & Trends

Median Asking:

$174,450

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

49

Average Home Size

1697 ft²

Average Home Age

80 years

Currently For Sale

16 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: Roxana Noble, BHHS Central Illinois, REALTORS®
Data Source: MRED, MLS# MRD11755016
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 642 Erickson Drive built and last sold?
The property at 642 Erickson Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 642 Erickson Drive is $0.
What are some comparable homes to 642 Erickson Drive?
There are currently no comparable homes to 642 Erickson Drive.
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