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Champaign 61821 Westfield
1500 Westfield Drive
$120,000
● House - Off Market

1500 Westfield Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,020 Ft²
$854
Est. Monthly
14.98%
Cap Rate

About This Property

Welcome to 1500 Westfield in Champaign, IL-a cozy 1020 square foot ranch-style home perfectly positioned on a spacious corner lot. This property is brimming with potential, offering updated windows and a newly reshingled roof, setting the foundation for years of comfortable living. The home currently relies on window air conditioners as the central A/C is not operational, presenting a fantastic opportunity for those looking to customize their cooling options. Whether you're a first-time homebuyer eager to put your stamp on a home or an investor searching for a valuable project, this house is a blank canvas waiting for your creativity. With its "as-is" sale condition, it invites you to imagine the possibilities and bring your vision to life in a great location. Don't miss out on making this house your own!
Unit Size
1,020 Ft²
Days on Market
-
Land Size
-
Price per sqft
$123
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1960

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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 #12135782)

Price History

Date / Event Date Event Price
Sep 6, 2024 Sold
Premium
Sold
Aug 12, 2024 Listed by RE/MAX REALTY ASSOCIATES-CHA $125,000
Listed by RE/MAX REALTY ASSOCIATES-CHA

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • 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: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,374
  • Total Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLERS HOLIDAY PARK 2ND SEC.
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 50 WELLERS HOLIDAY PARK 2ND SEC.

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001201

Geography

  • District: 04
  • Parcel: 44-20-15-382-001
  • Lot: 50
  • Meridian: SEC 15 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0996
  • Longitude: -88.2896

    Address

  • Full Address: 1500 Westfield Dr
  • Address - House Number: 1500
  • Address - Street Name: Westfield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C060
  • 4-Digit Zip Code: 4721
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $266,402
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 154,687
  • High Value: 194,283
  • Low Value: 115,091

    Market Valuation

  • Market Total Value: $104,910
  • Market Land Value: $24,840
  • Market Improvement Value: $80,070

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,970
  • Assessed Land Value: $8,280
  • Assessed Improvements Value: $26,690

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 02, 2009
  • Current Sale Recording Date: Jun 10, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2009R16713
  • Previous Sale Recording Date: Jun 20, 2007
  • Previous Sale Contract Date: May 31, 2007
  • Previous Sale Amount: $105,000
  • 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 Westfield

Stats & Trends

Median Asking:

$164,900

Sale Price/ft²

$127

Below Asking

0.13%

Average Days on Market

86

Average Home Size

1346 ft²

Average Home Age

67 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

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: Max Mitchell, RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 3 years ago
Data Source: MRED, MLS# 12135782
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 1500 Westfield Drive built and last sold?
The property at 1500 Westfield Drive was built in 1960 and last sold on Jun 2, 2009 for $108,000.
How much is this home worth?
The estimated value of the home located at 1500 Westfield Drive is $0.
What are some comparable homes to 1500 Westfield Drive?
There are currently no comparable homes to 1500 Westfield Drive.
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