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Urbana 61802
702 Dodson Drive W
$200,000
● House - Off Market

702 Dodson Drive W

Urbana, IL 61802
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,747 Ft²
$201,462
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Welcome to this one owner ranch home in Edgewood subdivision. Great location and very close to shopping, restaurants, interstate access,etc. This property offers a wonderful floor plan with separate living and family room featuring a gas log fireplace, separate dining room, primary suite with attached bath, large laundry room. Two other nice size bedrooms. Two car garage.
Unit Size
1,747 Ft²
Days on Market
-
Land Size
-
Price per sqft
$109
Property Type
House
Property Taxes
$132
HOA Dues
-
Year Built
1967

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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.

Last updated: 3 years ago (MRED MLS #11660238)

Price History

Date / Event Date Event Price
Dec 5, 2022 Sold
Premium
Sold
Nov 7, 2022 Listed by The McDonald Group $189,900
Listed by The McDonald Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 514
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,373
  • Total Building Area: 1,747
  • Building Area: 1,747
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD SUB 8TH
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 75 EDGEWOOD SUB 8TH

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005500

Geography

  • District: 30
  • Parcel: 30-21-10-330-005
  • Lot: 75
  • Meridian: SEC 10 TWN 19N RNG 09E
  • Municipality: URBANA
  • Latitude: 40.1188
  • Longitude: -88.1734

    Address

  • Full Address: 702 Dodson Dr W
  • Address - House Number: 702
  • Street Segment Direction: W
  • Address - Street Name: Dodson
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: R006
  • 4-Digit Zip Code: 2116
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $335,316
  • Tax Rate Code Area: 3006C

    Appraisal Valuation

  • Standard Deviation: 0.2293
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 68
  • Final Value: 208,592
  • High Value: 256,430
  • Low Value: 160,755

    Market Valuation

  • Market Total Value: $146,340
  • Market Land Value: $30,960
  • Market Improvement Value: $115,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,780
  • Assessed Land Value: $10,320
  • Assessed Improvements Value: $38,460

    Sales

  • Current Sale Contract Date: Nov 29, 2022
  • Current Sale Recording Date: Dec 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 21685
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 Urbana

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1736 ft²

Average Home Age

52 years

Currently For Sale

79 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: Creg McDonald, The McDonald Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11660238
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 702 Dodson Drive West built and last sold?
The property at 702 Dodson Drive West was built in 1967 and last sold on Nov 29, 2022 for $200,000.
How much is this home worth?
The estimated value of the home located at 702 Dodson Drive West is $0.
What are some comparable homes to 702 Dodson Drive West?
There are currently no comparable homes to 702 Dodson Drive West.
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