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Champaign 61821 Hollycrest
1009 Frank Drive
$205,000
● House - Off Market

1009 Frank Drive

Champaign, IL 61821
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,080 Ft²
$1,367
Est. Monthly
14.66%
Cap Rate

About This Property

Have you been looking for the perfect home? One with an AMAZING Custom kitchen with Schrock Cabinets featuring soft close drawers/doors, plus sliding drawers, Quartz countertops and stainless steel appliances? How does five bedrooms and two full bathrooms sound? A newer architecturally shingled roof and Anderson Windows sure would be nice, wouldn't it? What about a large deck overlooking your fenced in yard and an oversized 2 car garage? And find all of this in one home and priced at only $214,900?! It doesn't exist, right? It can't have all that and still be on the market?! Look no further as we have it here and it is waiting for you to call HOME! Schedule your tour today and don't forget your checkbook! :)
Unit Size
2,080 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$101
Property Type
House
Property Taxes
$335
HOA Dues
-
Year Built
1963

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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 #11894626)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Oct 9, 2023 Listed by RE/MAX REALTY ASSOCIATES-CHA $209,900
Listed by RE/MAX REALTY ASSOCIATES-CHA

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,153
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEGATE 1
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 16 STONEGATE 1

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001201

Geography

  • District: 04
  • Parcel: 44-20-15-427-015
  • Lot: 16
  • Meridian: SEC 15 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1051
  • Longitude: -88.2793

    Address

  • Full Address: 1009 Frank Dr
  • Address - House Number: 1009
  • Address - Street Name: Frank
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C042
  • 4-Digit Zip Code: 4231
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $402,500
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 204,964
  • High Value: 227,895
  • Low Value: 182,033

    Market Valuation

  • Market Total Value: $149,310
  • Market Land Value: $29,010
  • Market Improvement Value: $120,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,770
  • Assessed Land Value: $9,670
  • Assessed Improvements Value: $40,100

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 93
  • Previous Sale Recording Date: Jun 26, 2007
  • Previous Sale Contract Date: Jun 25, 2007
  • Previous Sale Amount: $138,500
  • 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 Hollycrest

Stats & Trends

Median Asking:

$194,450

Sale Price/ft²

$135

Above Asking

0.00%

Average Days on Market

30

Average Home Size

1536 ft²

Average Home Age

60.7 years

Currently For Sale

3 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

Unit for rent at 2303 Brookhaven Drive, Champaign, IL, 61821

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,651 ft²
2303 Brookhaven Drive, Champaign, IL, 61821 Listing by Darnell Cox

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Eddie Mullins, RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 3 years ago
Data Source: MRED, MLS# 11894626
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 1009 Frank Drive built and last sold?
The property at 1009 Frank Drive was built in 1963 and last sold on Dec 28, 2023 for $205,000.
How much is this home worth?
The estimated value of the home located at 1009 Frank Drive is $0.
What are some comparable homes to 1009 Frank Drive?
There are currently no comparable homes to 1009 Frank Drive.
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