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Champaign 61853
107 Timberview Drive
$285,000
● House - Off Market

107 Timberview Drive

Mahomet, IL 61853
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,850 Ft²
$1,766
Est. Monthly
4.33%
Cap Rate

About This Property

You won't want to miss this spacious ranch style home. So well cared for, it's a dream to show! Inside the home has all new paint and flooring in bedrooms. A new coffee bar with custom cabinets and mini fridge was installed in 2023. Hot water heater-2021. Water softener-2021. Dishwasher and garbage disposal-2021. Smart Home (All to stay with house): Yale Smart Lock, Eufy Doorbell/ Camera, Google Nest Thermostat, Smart light switches. Lutron Caseta in the kitchen, dining room and primary bedroom. All new landscaping and firepit (check out the fenced back yard...so large!) Leaf filter limited lifetime warranty. Transferable. (2021). CAT 6 hardwired fiber to both secondary bedrooms and living room. Close to Bridle leash park and downtown Mahomet. Large family room and dining area. Neutral tones throughout.
Unit Size
1,850 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$154
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1978

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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: 2 years ago (MRED MLS #12254951)

Price History

Date / Event Date Event Price
Feb 25, 2025 Sold
Premium
Sold
Jan 10, 2025 In contract -
In contract
Jan 2, 2025 Listed by Coldwell Banker R.E. Group $285,000
Listed by Coldwell Banker R.E. Group

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 525
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,131
  • Total Building Area: 1,792
  • Building Area: 1,792
  • 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: TIMBERVIEW SUB, 11TH PLAT
  • Land Acres: 0000000462
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 156 TIMBERVIEW SUB, 11TH PLAT

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010601

Geography

  • District: 15
  • Parcel: 15-13-16-104-004
  • Lot: 156
  • Meridian: SEC 16 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.1969
  • Longitude: -88.4235

    Address

  • Full Address: 107 Timberview Dr
  • Address - House Number: 107
  • Address - Street Name: Timberview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R004
  • 4-Digit Zip Code: 9024
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $405,834
  • Tax Rate Code Area: 1501

    Appraisal Valuation

  • Standard Deviation: 0.2036
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 269,842
  • High Value: 324,804
  • Low Value: 214,880

    Market Valuation

  • Market Total Value: $187,710
  • Market Land Value: $38,400
  • Market Improvement Value: $149,310

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,570
  • Assessed Land Value: $12,800
  • Assessed Improvements Value: $49,770

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R27359
  • Previous Sale Recording Date: Jul 12, 2012
  • Previous Sale Contract Date: Jul 06, 2012
  • Previous Sale Amount: $163,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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 Champaign

Stats & Trends

Median Asking:

$254,900

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1989 ft²

Average Home Age

44.4 years

Currently For Sale

433 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: Jeffrey Finke, Coldwell Banker R.E. Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12254951
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 107 Timberview Drive built and last sold?
The property at 107 Timberview Drive was built in 1978 and last sold on Nov 12, 2021 for $240,000.
How much is this home worth?
The estimated value of the home located at 107 Timberview Drive is $0.
What are some comparable homes to 107 Timberview Drive?
There are currently no comparable homes to 107 Timberview Drive.
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