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Clinton 62801
7302 HOFFMAN Road
$193,000
↓ $20K (9.3%)
● House - Off Market

7302 HOFFMAN Road

Centralia, IL 62801
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,849 Ft²
$1,156
Est. Monthly
Unit Size
1,849 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$105
Property Type
House
Property Taxes
$198
HOA Dues
-
Year Built
1950

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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: 1950
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 936
  • Garage Type: 4
  • Garage Square Area: 520
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,958
  • Total Building Area: 936
  • Building Area: 936
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 20
  • Heated Square Feet: 936
  • Heating Fuel Type: 8

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000550
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • State Land Use Code: 40
  • Legal Description 1: SECTION 13 TOWNSHIP 1N RANGE 2W PT NW SW .55A

Neighborhood

  • School District Name: Carlyle Community Unit School District 1
  • Census Tract: 900500

Zoning

  • Zoning: 21

Geography

  • District: 14
  • Parcel: 14-13-13-300-002
  • Meridian: SEC 13 TWN 01N RNG 02W
  • Municipality: LAKE
  • Latitude: 38.5282
  • Longitude: -89.2729

    Address

  • Full Address: 7302 Hoffman Rd
  • Address - House Number: 7302
  • Address - Street Name: Hoffman
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Centralia
  • Carrier Code: R004
  • 4-Digit Zip Code: 7345
  • Zip Code: 62801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $201,342
  • Tax Rate Code Area: 14002

    Appraisal Valuation

  • Standard Deviation: 0.273
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 60
  • Final Value: 174,659
  • High Value: 222,352
  • Low Value: 126,966

    Market Valuation

  • Market Total Value: $118,290
  • Market Land Value: $13,320
  • Market Improvement Value: $104,970

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,430
  • Assessed Land Value: $4,440
  • Assessed Improvements Value: $34,990

    Sales

  • Current Sale Contract Date: Oct 21, 2020
  • Current Sale Recording Date: Oct 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R05551
  • Previous Sale Recording Date: Aug 05, 2015
  • Previous Sale Contract Date: Aug 03, 2015
  • Previous Sale Amount: $133,000
  • 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 Clinton

Stats & Trends

Median Asking:

$149,900

Sale Price/ft²

$88

Below Asking

0.05%

Average Days on Market

69

Average Home Size

1838 ft²

Average Home Age

66.3 years

Currently For Sale

45 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: Dee Ann Arey, MIDWEST FARM & LAND
Data Source: MRED, MLS# MRDEB460673
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 7302 Hoffman Road built and last sold?
The property at 7302 Hoffman Road was built in 1950 and last sold on Oct 21, 2020 for $141,500.
How much is this home worth?
The estimated value of the home located at 7302 Hoffman Road is $0.
What are some comparable homes to 7302 Hoffman Road?
There are currently no comparable homes to 7302 Hoffman Road.
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