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Champaign 61821 Pembroke Point
1111 Sterling Drive
$485,000
● House - Off Market

1111 Sterling Drive

Champaign, IL 61821
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,887 Ft²
$3,215
Est. Monthly
2.26%
Cap Rate

About This Property

Welcome to your perfect family home nestled in a peaceful cul-de-sac and boasting a classic brick exterior. This charming two-story traditional home offers a harmonious blend of comfort, style, and functionality, with 4 bedrooms, 2.5 bathrooms, and a full basement just waiting to be utilized.
Unit Size
2,887 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$173
Property Type
House
Property Taxes
$760
HOA Dues
-
Year Built
1988

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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 #12021889)

Price History

Date / Event Date Event Price
May 17, 2024 Sold
Premium
Sold
Apr 11, 2024 Listed by Realty Select One $499,900
Listed by Realty Select One

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 250
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,500
  • Total Building Area: 1,918
  • Building Area: 1,918
  • 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: DEVONSHIRE SOUTH 5 SUB
  • Land Acres: 0000000379
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 528 DEVONSHIRE SOUTH 5 SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 04
  • Parcel: 46-20-26-232-012
  • Lot: 528
  • Meridian: SEC 26 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.08
  • Longitude: -88.2634

    Address

  • Full Address: 1111 Sterling Dr
  • Address - House Number: 1111
  • Address - Street Name: Sterling
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C061
  • 4-Digit Zip Code: 7029
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $905,602
  • Tax Rate Code Area: 4602

    Appraisal Valuation

  • Standard Deviation: 0.2019
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 446,153
  • High Value: 536,232
  • Low Value: 356,074

    Market Valuation

  • Market Total Value: $313,440
  • Market Land Value: $75,330
  • Market Improvement Value: $238,110

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $104,480
  • Assessed Land Value: $25,110
  • Assessed Improvements Value: $79,370

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 07, 2019
  • Current Sale Recording Date: May 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019R07393

    Financing

  • First Mortgage Financing Type: ADJ
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 Pembroke Point

Stats & Trends

Median Asking:

$299,950

Sale Price/ft²

$165

Below Asking

0.03%

Average Days on Market

65

Average Home Size

2274 ft²

Average Home Age

24.8 years

Currently For Sale

8 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 1013 W Daniel Street, Champaign, IL, 61821

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,425 ft²
1013 W Daniel Street, Champaign, IL, 61821 Listing by Creg McDonald

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Creg McDonald, Realty Select One
Last Updated: 3 years ago
Data Source: MRED, MLS# 12021889
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 1111 Sterling Drive built and last sold?
The property at 1111 Sterling Drive was built in 1988 and last sold on May 7, 2019 for $340,500.
How much is this home worth?
The estimated value of the home located at 1111 Sterling Drive is $0.
What are some comparable homes to 1111 Sterling Drive?
There are currently no comparable homes to 1111 Sterling Drive.
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