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Champaign 61822 Dobbins Downs
1508 Comanche Drive
$87,500
● House - Off Market

1508 Comanche Drive

Champaign, IL 61821
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,248 Ft²
$680
Est. Monthly
22.65%
Cap Rate

About This Property

This is a perfect house for investor or homeowner.  It is larger than most in the area with 4 bedrooms and 1.5 bathrooms.  A spacious sun room is easily accessed from the dining room.  Vaulted ceilings highlight the living room, dining room and kitchen.  The partially fenced back yard is a perfect place to enjoy the remaining summer nights.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
-
Price per sqft
$64
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11917608)

Price History

Date / Event Date Event Price
Dec 8, 2023 Sold
Premium
Sold
Oct 26, 2023 Listed by LANDMARK REAL ESTATE $79,900
Listed by LANDMARK REAL ESTATE

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 1,248
  • Garage Type: 1
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,301
  • Total Building Area: 2,804
  • Gross Building Area: 2,948
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTERN HILLS SUB CHAMPAIGN
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2036 WESTERN HILLS SUB CHAMPAIGN

Neighborhood

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

Geography

  • District: 12
  • Parcel: 12-14-35-379-020
  • Lot: 2036
  • Meridian: SEC 35 TWN 20N RNG 08E
  • Municipality: HENSLEY
  • Latitude: 40.1427
  • Longitude: -88.2725

    Address

  • Full Address: 1508 Comanche Dr
  • Address - House Number: 1508
  • Address - Street Name: Comanche
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C040
  • 4-Digit Zip Code: 1125
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $344,232
  • Tax Rate Code Area: 1204

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 76,125
  • High Value: 84,641
  • Low Value: 67,608

    Market Valuation

  • Market Total Value: $145,620
  • Market Land Value: $23,100
  • Market Improvement Value: $122,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,540
  • Assessed Land Value: $7,700
  • Assessed Improvements Value: $40,840

    Sales

  • Current Sale Contract Date: Nov 28, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 17558
  • Previous Sale Recording Date: Apr 04, 2005
  • Previous Sale Contract Date: Apr 01, 2005
  • Previous Sale Amount: $100,000
  • 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 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: Andrea Poling, LANDMARK REAL ESTATE
Last Updated: 3 years ago
Data Source: MRED, MLS# 11917608
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 1508 Comanche Drive built and last sold?
The property at 1508 Comanche Drive was built in 1962 and last sold on Nov 28, 2023 for $87,500.
How much is this home worth?
The estimated value of the home located at 1508 Comanche Drive is $0.
What are some comparable homes to 1508 Comanche Drive?
There are currently no comparable homes to 1508 Comanche Drive.
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