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Champaign 61822 Dobbins Downs
1409 Dobbins Drive
$135,000
● House - Off Market

1409 Dobbins Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,564 Ft²
$147,637
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Well Maintained Ranch with 3 Bedrooms and 2 Full Baths. Galley Kitchen with eat-in breakfast area. Large Living Room and separate Family Room with wood floors. Large covered patio in the rear yard. 1 Car attached garage.
Unit Size
1,564 Ft²
Days on Market
-
Land Size
-
Price per sqft
$89
Property Type
House
Property Taxes
$58
HOA Dues
$1
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.

Last updated: 3 years ago (MRED MLS #11633697)

Price History

Date / Event Date Event Price
Nov 18, 2022 Sold
Premium
Sold
Oct 26, 2022 Listed by Champaign County Realty $139,900
Listed by Champaign County Realty

Property Highlights

Air Conditioning

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: 9,079
  • 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: DOBBINS DOWNS 2
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 122 DOBBINS DOWNS 2

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000800

Geography

  • District: 03
  • Parcel: 03-20-02-128-016
  • Lot: 122
  • Meridian: SEC 02 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.1414
  • Longitude: -88.2708

    Address

  • Full Address: 1409 Dobbins Dr
  • Address - House Number: 1409
  • Address - Street Name: Dobbins
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C040
  • 4-Digit Zip Code: 1113
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $69,662
  • Tax Rate Code Area: 0304A

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 160,108
  • High Value: 201,091
  • Low Value: 119,124

    Market Valuation

  • Market Total Value: $114,540
  • Market Land Value: $24,450
  • Market Improvement Value: $90,090

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,180
  • Assessed Land Value: $8,150
  • Assessed Improvements Value: $30,030

    Sales

  • Current Sale Contract Date: Nov 18, 2022
  • Current Sale Recording Date: Nov 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20788
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 Dobbins Downs

Stats & Trends

Median Asking:

$159,000

Sale Price/ft²

$132

Below Asking

0.03%

Average Days on Market

62

Average Home Size

2265 ft²

Average Home Age

65 years

Currently For Sale

1 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: Jake Trautman, Champaign County Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11633697
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 1409 Dobbins Drive built and last sold?
The property at 1409 Dobbins Drive was built in and last sold on Nov 18, 2022 for $135,000.
How much is this home worth?
The estimated value of the home located at 1409 Dobbins Drive is $0.
What are some comparable homes to 1409 Dobbins Drive?
There are currently no comparable homes to 1409 Dobbins Drive.
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