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Champaign 61822
1512 Bluegrass Lane
$302,900
● House - Off Market

1512 Bluegrass Lane

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,438 Ft²
$303,376
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

You will be obsessed with this perfect single story floor plan. The primary suite is situated on one wing while the other bedroom suites are on another, maximizing privacy and efficiency. This lovely home features some amazing new finishes, hardwood floors and an extraordinary basement. You will love the location and the amazing backyard views! An oversized 2 car garage offers extra storage and the open floorplan is convenient for entertaining and daily living.
Unit Size
1,438 Ft²
Days on Market
-
Land Size
-
Price per sqft
$209
Property Type
House
Property Taxes
$651
HOA Dues
-
Year Built
-

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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 #11270886)

Price History

Date / Event Date Event Price
Jun 16, 2022 Sold
Premium
Sold
Apr 13, 2022 Listed by Live Real Estate Group $299,900
Listed by Live Real Estate Group

Property Highlights

Air Conditioning

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: 6,599
  • 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: BOULDER RIDGE 6TH SUB
  • Land Acres: 0000000151
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 618 BOULDER RIDGE 6TH SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000902

Geography

  • District: 04
  • Parcel: 41-20-04-326-005
  • Lot: 618
  • Meridian: SEC 04 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1325
  • Longitude: -88.3085

    Address

  • Full Address: 1512 Bluegrass Ln
  • Address - House Number: 1512
  • Address - Street Name: Bluegrass
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: R016
  • 4-Digit Zip Code: 2075
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $362,308
  • Tax Rate Code Area: 4103

    Appraisal Valuation

  • Standard Deviation: 0.2594
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 242,619
  • High Value: 305,557
  • Low Value: 179,680

    Market Valuation

  • Market Total Value: $281,760
  • Market Land Value: $38,520
  • Market Improvement Value: $243,240

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $93,920
  • Assessed Land Value: $12,840
  • Assessed Improvements Value: $81,080

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11264
  • Previous Sale Recording Date: Jan 23, 2020
  • Previous Sale Contract Date: Dec 27, 2019
  • Previous Sale Amount: $254,500
  • 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 Champaign

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1968 ft²

Average Home Age

44.6 years

Currently For Sale

173 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: Dionne Clifton, Live Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11270886
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 1512 Bluegrass Lane built and last sold?
The property at 1512 Bluegrass Lane was built in and last sold on Jun 16, 2022 for $34,666.
How much is this home worth?
The estimated value of the home located at 1512 Bluegrass Lane is $300,008.
What are some comparable homes to 1512 Bluegrass Lane?
There are currently no comparable homes to 1512 Bluegrass Lane.
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