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Champaign 61821 Garden Hills
1502 Marigold Lane
$95,000
● House - Off Market

1502 Marigold Lane

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,189 Ft²
$733
Est. Monthly
18.09%
Cap Rate

About This Property

3-bedroom, 1.5-bath home offers both comfort and potential. Featuring a fenced-in backyard and a detached single-car garage, the property provides plenty of room for outdoor activities and storage. Having served as a rental property for the past 20 years, it's an ideal opportunity for investors seeking steady income or for buyers looking for affordable living with the chance to add their own personal touch. With its solid structure and inviting layout, this home is ready for its next chapter - whether as a smart addition to a rental portfolio or a cozy place to call home. Don't miss out on this versatile property!
Unit Size
1,189 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$88
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1955

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 4
  • Garage Square Area: 260
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,800
  • Total Building Area: 1,189
  • Building Area: 1,189
  • 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: GARDEN HILLS SUB 1ST PLAT
  • Land Acres: 0000000156
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 97 GARDEN HILLS SUB 1ST PLAT

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000901

Geography

  • District: 04
  • Parcel: 41-20-02-327-003
  • Lot: 97
  • Meridian: SEC 02 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1342
  • Longitude: -88.27

    Address

  • Full Address: 1502 Marigold Ln
  • Address - House Number: 1502
  • Address - Street Name: Marigold
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: C031
  • 4-Digit Zip Code: 1502
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $244,884
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 103,754
  • High Value: 125,252
  • Low Value: 82,256

    Market Valuation

  • Market Total Value: $79,890
  • Market Land Value: $18,660
  • Market Improvement Value: $61,230

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,630
  • Assessed Land Value: $6,220
  • Assessed Improvements Value: $20,410
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 Garden Hills

Stats & Trends

Median Asking:

$149,950

Sale Price/ft²

$138

Above Asking

0.00%

Average Days on Market

53

Average Home Size

1157 ft²

Average Home Age

68 years

Currently For Sale

2 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: Jeanette During, TOWN & COUNTRY REALTY,LLP
Data Source: MRED, MLS# MRD12311304
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 1502 Marigold Lane built and last sold?
The property at 1502 Marigold Lane was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1502 Marigold Lane is $0.
What are some comparable homes to 1502 Marigold Lane?
There are currently no comparable homes to 1502 Marigold Lane.
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