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Urbana 61801
801 Harmon Street
$185,000
● House - Off Market

801 Harmon Street

Urbana, IL 61801
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,968 Ft²
$1,311
Est. Monthly
6.49%
Cap Rate

About This Property

3BR/2BA home in the heart of an established Urbana neighborhood. This well-loved residence, under the same ownership for over 40 years, presents a unique opportunity for those seeking a property with character and potential. The kitchen, living room, and family room, complete with a wood-burning fireplace, provide the perfect canvas for your personal touch. Embrace the chance to customize and modernize this home to suit your style. The home also has a spacious dedicated laundry room and a 2-car garage, plus a recently installed HVAC system. Enjoy a fenced yard, surrounded by mature trees, providing privacy and a secure space for pets or gatherings. Additionally, a shed offers extra storage for tools and equipment.
Unit Size
1,968 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$91
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1969

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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 #11961308)

Price History

Date / Event Date Event Price
Mar 6, 2024 Sold
Premium
Sold
Feb 2, 2024 Listed by KELLER WILLIAMS-TREC $180,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • 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: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,744
  • Building Area: 1,744
  • 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: ENNIS RIDGE 13TH SUB
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 273 ENNIS RIDGE 13TH SUB

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005701

Geography

  • District: 09
  • Parcel: 93-21-21-355-006
  • Lot: 273
  • Meridian: SEC 21 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.0868
  • Longitude: -88.1983

    Address

  • Full Address: 801 Harmon St
  • Address - House Number: 801
  • Address - Street Name: Harmon
  • Address - Suffix Type: St
  • State: IL
  • City Name: Urbana
  • Carrier Code: C035
  • 4-Digit Zip Code: 6829
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $512,084
  • Tax Rate Code Area: 9303

    Appraisal Valuation

  • Standard Deviation: 0.1144
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 88
  • Final Value: 175,826
  • High Value: 195,947
  • Low Value: 155,705

    Market Valuation

  • Market Total Value: $174,930
  • Market Land Value: $48,300
  • Market Improvement Value: $126,630

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,310
  • Assessed Land Value: $16,100
  • Assessed Improvements Value: $42,210

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Mar 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 2868
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

1708 ft²

Average Home Age

52.6 years

Currently For Sale

87 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

Click here to view more rentals in the neighborhood.
MRED

Listed by: Katie Ruthstrom, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11961308
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 801 Harmon Street built and last sold?
The property at 801 Harmon Street was built in 1969 and last sold on Feb 29, 2024 for $185,000.
How much is this home worth?
The estimated value of the home located at 801 Harmon Street is $0.
What are some comparable homes to 801 Harmon Street?
There are currently no comparable homes to 801 Harmon Street.
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