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Champaign 61822 Turnberry Ridge
1201 Waters Edge Road
$315,000
● House - Off Market

1201 Waters Edge Road

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,715 Ft²
$2,056
Est. Monthly
7.95%
Cap Rate

About This Property

Charming ranch style home that's move in ready just in time for the holidays! Enjoy the ease of single level living with an open floor plan, a dedicated dining room for family gatherings, and stylish updates throughout. Recent upgrades include a brand new HVAC system (2025), fresh paint in most rooms, new appliances, and an epoxy-coated garage floor. A perfect blend of comfort and convenience...welcome home!
Unit Size
1,715 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$178
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
-

Payment Calculator

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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
Fireplace

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
  • Living Units: 1
  • 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: 8,349
  • 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
  • Subdivision: TURNBERRY RIDGE NO 9
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 911 TURNBERRY RIDGE NO 9

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001205

Geography

  • District: 04
  • Parcel: 44-20-16-362-049
  • Lot: 911
  • Meridian: SEC 16 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1036
  • Longitude: -88.3064

    Address

  • Full Address: 1201 Waters Edge Rd
  • Address - House Number: 1201
  • Address - Street Name: Waters Edge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Champaign
  • Carrier Code: R012
  • 4-Digit Zip Code: 8101
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $584,762
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 281,567
  • High Value: 339,841
  • Low Value: 223,293

    Market Valuation

  • Market Total Value: $208,770
  • Market Land Value: $46,680
  • Market Improvement Value: $162,090

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,590
  • Assessed Land Value: $15,560
  • Assessed Improvements Value: $54,030

    Sales

  • Current Sale Contract Date: Jul 03, 2023
  • Current Sale Recording Date: Jul 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9470
  • Previous Sale Recording Date: Oct 12, 2004
  • Previous Sale Contract Date: Apr 22, 2004
  • Previous Sale Amount: $191,000
  • 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 Turnberry Ridge

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$165

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2440 ft²

Average Home Age

26 years

Currently For Sale

0 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 2801 Rachel Road, Champaign, IL, 61822

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
2801 Rachel Road, Champaign, IL, 61822 Listing by Scott Bechtel
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: Jeffrey Finke, Coldwell Banker R.E. Group
Data Source: MRED, MLS# MRD12481490
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 1201 Waters Edge Road built and last sold?
The property at 1201 Waters Edge Road was built in and last sold on Jul 3, 2023 for $267,500.
How much is this home worth?
The estimated value of the home located at 1201 Waters Edge Road is $0.
What are some comparable homes to 1201 Waters Edge Road?
There are currently no comparable homes to 1201 Waters Edge Road.
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