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Champaign 61822 Boulder Ridge
1412 Farley Lane
$300,000
● House - Off Market

1412 Farley Lane

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,583 Ft²
$1,932
Est. Monthly
5.36%
Cap Rate

About This Property

Welcome to this charming 3 bedroom 2 bath ranch home, freshly updated and ready for you to move in! This home features a modern touch with fresh paint throughout, complemented by new quartz countertops and stylish backsplash in the spacious kitchen. You'll love the upgraded light fixtures that add a warm ambiance to each room. The kitchen comes equipped with new refrigerator and stove, making meal prep a breeze. Don't miss the opportunity to make this beatifully renovated home yours!
Unit Size
1,583 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
-

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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 #12042841)

Price History

Date / Event Date Event Price
Jun 4, 2024 Sold
Premium
Sold
May 2, 2024 Listed by Taylor Realty Associates $295,000
Listed by Taylor Realty Associates

Property Highlights

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
  • 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: 6,694
  • 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: WEST RIDGE SUB
  • Land Acres: 0000000154
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 16 WEST RIDGE SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000902

Geography

  • District: 04
  • Parcel: 41-20-04-356-015
  • Lot: 16
  • Meridian: SEC 04 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1306
  • Longitude: -88.3127

    Address

  • Full Address: 1412 Farley Ln
  • Address - House Number: 1412
  • Address - Street Name: Farley
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: R016
  • 4-Digit Zip Code: 2201
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $579,612
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 251,629
  • High Value: 303,766
  • Low Value: 199,491

    Market Valuation

  • Market Total Value: $189,090
  • Market Land Value: $38,820
  • Market Improvement Value: $150,270

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,030
  • Assessed Land Value: $12,940
  • Assessed Improvements Value: $50,090
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 Boulder Ridge

Stats & Trends

Median Asking:

$284,900

Sale Price/ft²

$169

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1509 ft²

Average Home Age

11.2 years

Currently For Sale

14 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: Marty Carlson, Taylor Realty Associates
Last Updated: 3 years ago
Data Source: MRED, MLS# 12042841
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 1412 Farley Lane built and last sold?
The property at 1412 Farley Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1412 Farley Lane is $0.
What are some comparable homes to 1412 Farley Lane?
There are currently no comparable homes to 1412 Farley Lane.
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