$325,000
●
House -
Off Market
1508 Mayfair Road
Champaign, IL 61821
4 Beds
2 Baths
1,955 Ft²
$318,651
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Check out this beautiful move-in-ready home in a very quiet
residential neighborhood of Mayfair subdivision. This amazingly
well-kept home features 4 spacious bedrooms, 2 full bathrooms and a
detached 4-CAR GARAGE for anyone's dream! The attached 1-car garage
is now converted into a storage/workshop adding more functional
space to the home. Sellers have put in a lot of work to make this
home a true gem. Most areas of the home, cabinets and doors have
been repaired and repainted and the inside and outside of the home
has been professionally cleaned for new owners. Privacy fence has
been re-stained and painted. Sellers have also put in a lot of work
on the landscaping to make their private backyard perfect for
outdoor entertaining. Home is situated on the corner so the
backyard is very spacious. Home is located in the center of
Champaign, close to shopping, restaurants, schools and bus line.
New roof was just put on in September, 2021. You do not want to
miss this gem! Please schedule your private showing today!
Unit Size
1,955 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$161
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1960
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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 #11356939)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2022 | Sold | ||
| Sold | |||
| Mar 25, 2022 | Listed by RE/MAX REALTY ASSOCIATES-MAHO | $315,000 | |
| Listed by RE/MAX REALTY ASSOCIATES-MAHO | |||
| Jul 26, 2019 | No longer available | - | |
| No longer available | |||
| Apr 3, 2019 | Listed | $217,000 | |
| Listed | |||
| | |||
|
4 bedrooms AND a 4 car garage! What more could anyone ask for? This spacious split-level home offers gleaming hardwood floors, bright spacious kitchen, large laundry room, exercise room, fenced yard and 4-car detached garage on a large lot in Mayfair Subdivision close to schools, shopping, and bus line! The manager has listed the unit size as 1984 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Champaign
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Listed by: Russell Taylor, RE/MAX REALTY ASSOCIATES-MAHO
Last Updated: 3 years ago
Data Source: MRED, MLS# 11356939
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11356939
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