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Champaign 61822
1501 Yankee Lane
$331,300
● House - Off Market

1501 Yankee Lane

CHAMPAIGN, IL 61822
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,443 Ft²
$503,370
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Signature Homes New Construction- 2 Story Martin Floor Plan.  4 Bedrooms, 2.5 Baths.  3 car garage.  Full Unfinished basement with Bath rough in.   1st Floor Flex Room (office) with Lighted French Doors.   Hardwood and Ceramic Tile Flooring.  Large Drop Zone with Custom Locker/Bench for storage.  Large Kitchen with Island and Bar Stool Seating.   Maple Coffee Cabinetry with Granite Tops.  2nd Floor Laundry Room.   Master Suite- Raised Ceiling, Large Walk-In Closet, Master Bath has whirlpool, Tiled Shower with  Glass Door Enclosure, Separate Water Closet.   Great Room Fireplace with Stone Surround and Mantle.  Satin Nickel Trim & Fixtures.   Quality Construction and Selections!
Unit Size
2,443 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
$3
HOA Dues
$13
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 #09590194)

Price History

Date / Event Date Event Price
Jul 13, 2017 Sold
Premium
Sold
Apr 10, 2017 Listed by Champaign County Realty $314,900
Listed by Champaign County Realty

Property Highlights

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
  • 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: 14,278
  • 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: LIBERTY ON THE LAKE 1 PHASE 2
  • Land Acres: 0000000328
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 213 LIBERTY ON THE LAKE 1 PHASE 2

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 04
  • Parcel: 46-20-35-154-001
  • Lot: 213
  • Meridian: SEC 35 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0659
  • Longitude: -88.2716

    Address

  • Full Address: 1501 Yankee Ln
  • Address - House Number: 1501
  • Address - Street Name: Yankee
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: R002
  • 4-Digit Zip Code: 9804
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $949,554
  • Tax Rate Code Area: 4603

    Appraisal Valuation

  • Standard Deviation: 0.204
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 454,508
  • High Value: 547,242
  • Low Value: 361,773

    Market Valuation

  • Market Total Value: $340,050
  • Market Land Value: $42,300
  • Market Improvement Value: $297,750

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $113,350
  • Assessed Land Value: $14,100
  • Assessed Improvements Value: $99,250

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 19, 2017
  • Current Sale Recording Date: Jul 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R12928

    Financing

  • First Mortgage Financing Type: ADJ
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:

$246,250

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1976 ft²

Average Home Age

44.4 years

Currently For Sale

165 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 611 Buttercup Drive, Savoy, IL, 61874

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,280 ft²
611 Buttercup Drive, Savoy, IL, 61874 Listing by Creg McDonald
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: , Champaign County Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09590194
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 1501 Yankee Lane built and last sold?
The property at 1501 Yankee Lane was built in and last sold on Jun 19, 2017 for $331,500.
How much is this home worth?
The estimated value of the home located at 1501 Yankee Lane is $0.
What are some comparable homes to 1501 Yankee Lane?
There are currently no comparable homes to 1501 Yankee Lane.
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