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Marion 62801
875 Community Beach Road
$315,000
● House - Off Market

875 Community Beach Road

Centralia, IL 62801
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,645 Ft²
$385,854
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

The perfect piece of paradise! Enjoy a cup of coffee on your deck or dock that overlooks the 4 acre lake. Situated at end of a long asphalt drive, this 3 bed 2 bath home sits on 20.4 acres is as close to perfect as you can get! The loft/office has a birds eye view of the lake! Huge master with walk in closet! The master bath boasts a tub, separate shower and his and her sinks! Main floor laundry, upstairs has two more bedrooms! You need to see this place to appreciate its beauty! The property also has two rentals, one that is currently leased and the other that has been managed through Air BnB! Call me today for a private showing. n
Unit Size
2,645 Ft²
Days on Market
-
Land Size
20.40 acres
Price per sqft
$129
Property Type
House
Property Taxes
$496
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

Garage
Air Conditioning
With View

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: 860,310
  • 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
  • Land Acres: 0000019750
  • Standard Land Use Code: 1008
  • County Land Use Code: 0011
  • Legal Description 1: PT E1/2 SW SW LYING S OF R R & PT W1/2 SE SW LYING S OF R R

Neighborhood

  • School District Name: Central City School District 133
  • Census Tract: 951800

Geography

  • District: 09
  • Parcel: 0933300013
  • Municipality: SANDOVAL TOWNSHIP
  • Latitude: 38.5625
  • Longitude: -89.1009

    Address

  • Full Address: 875 Community Beach Rd
  • Address - House Number: 875
  • Address - Street Name: Community Beach
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Centralia
  • Carrier Code: R001
  • 4-Digit Zip Code: 8215
  • Zip Code: 62801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $761,796
  • Tax Rate Code Area: 09004

    Market Valuation

  • Market Total Value: $309,390
  • Market Land Value: $35,940
  • Market Improvement Value: $273,450

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $103,130
  • Assessed Land Value: $11,980
  • Assessed Improvements Value: $91,150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 09, 2021
  • Current Sale Recording Date: Sep 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R04889
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 Marion

Stats & Trends

Median Asking:

$141,500

Sale Price/ft²

$93

Below Asking

0.03%

Average Days on Market

60

Average Home Size

1927 ft²

Average Home Age

65.6 years

Currently For Sale

88 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: JAMES SWARTZLANDER, MIDWEST FARM & LAND
Data Source: MRED, MLS# MRDEB430227
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 875 Community Beach Road built and last sold?
The property at 875 Community Beach Road was built in and last sold on Sep 9, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 875 Community Beach Road is $0.
What are some comparable homes to 875 Community Beach Road?
There are currently no comparable homes to 875 Community Beach Road.
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