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Champaign 61821
1305 Broadmoor Drive
$305,000
● House - Off Market

1305 Broadmoor Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,214 Ft²
$302,336
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Remarkable 3 bedroom, two bath home  in Old Farm.  Large living and family rooms.  Dedicated dining room as well.  Wood floors thoughout. Perfect patio for outdoor enjoyment. Currently has ramp to front door that can stay or be removed
Unit Size
2,214 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$136
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
1990

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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 #11358390)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Mar 27, 2022 Listed by The Real Estate Group,Inc $300,000
Listed by The Real Estate Group,Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,857
  • Total Building Area: 1,872
  • Building Area: 1,872
  • 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: OLD FARM
  • Land Acres: 0000000249
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 22 OLD FARM, THE

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001301

Geography

  • District: 04
  • Parcel: 45-20-23-178-002
  • Lot: 22
  • Meridian: SEC 23 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0938
  • Longitude: -88.2675

    Address

  • Full Address: 1305 Broadmoor Dr
  • Address - House Number: 1305
  • Address - Street Name: Broadmoor
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C053
  • 4-Digit Zip Code: 6040
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $684,168
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2047
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 351,801
  • High Value: 423,839
  • Low Value: 279,763

    Market Valuation

  • Market Total Value: $256,200
  • Market Land Value: $53,940
  • Market Improvement Value: $202,260

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,400
  • Assessed Land Value: $17,980
  • Assessed Improvements Value: $67,420

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9187
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:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1989 ft²

Average Home Age

42.3 years

Currently For Sale

174 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

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MRED

Listed by: Carol Meinhart, The Real Estate Group,Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11358390
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 1305 Broadmoor Drive built and last sold?
The property at 1305 Broadmoor Drive was built in 1990 and last sold on May 20, 2022 for $305,000.
How much is this home worth?
The estimated value of the home located at 1305 Broadmoor Drive is $0.
What are some comparable homes to 1305 Broadmoor Drive?
There are currently no comparable homes to 1305 Broadmoor Drive.
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