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Champaign 61822
1601 MULLIKIN Drive
$467,500
● House - Off Market

1601 MULLIKIN Drive

CHAMPAIGN, IL 61822
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,091 Ft²
$767,505
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Original-owner custom built by Drake Homes. Wonderful views of the lake in prestigious 'Trails at Brittany. Open layout features a formal foyer, dramatic 2-story great-room, quality built-ins & woodwork, cherry cabinetry, granite, stainless, ceramic, extensive brick, French-doors, wired speakers, finer window treatments (neg), formal LR & DR, arched balcony overlooks great-room w/views of the beautiful yard, pond & commons. Kitchen, walk-in-pantry & special granite built-in table & desk area. Master suite w/2nd F/P & sitting-rm & jetted tub plus 1st floor bed w/full bath. Basement recently professionally finished to a high standard- Home theater, office(bed5), play-rm, 2nd kitchen & 2nd laundry, high-efficient HVAC. Fully landscaped w/lighting, largeg end-lot, near YMCA. Fantastic buy, now just $475k!
Unit Size
3,091 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$154
Property Type
House
Property Taxes
$967
HOA Dues
$17
Year Built
-

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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 #09525126)

Price History

Date / Event Date Event Price
May 3, 2017 Sold
Premium
Sold
Mar 8, 2017 Listed by RE/MAX REALTY ASSOCIATES-CHA $475,000
Listed by RE/MAX REALTY ASSOCIATES-CHA

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: 20,718
  • 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: TRAILS AT BRITTANY PHASE 6
  • Land Acres: 0000000475
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 636 TRAILS AT BRITTANY PHASE 6

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001205

Geography

  • District: 03
  • Parcel: 03-20-20-233-016
  • Lot: 636
  • Meridian: SEC 20 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0983
  • Longitude: -88.3203

    Address

  • Full Address: 1601 Mullikin Dr
  • Address - House Number: 1601
  • Address - Street Name: Mullikin
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R017
  • 4-Digit Zip Code: 8306
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,352,834
  • Tax Rate Code Area: 341

    Appraisal Valuation

  • Standard Deviation: 0.204
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 624,476
  • High Value: 751,890
  • Low Value: 497,063

    Market Valuation

  • Market Total Value: $468,270
  • Market Land Value: $98,130
  • Market Improvement Value: $370,140

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $156,090
  • Assessed Land Value: $32,710
  • Assessed Improvements Value: $123,380

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 03, 2017
  • Current Sale Recording Date: May 04, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R07744
  • Previous Sale Recording Date: Aug 23, 2004
  • Previous Sale Contract Date: Aug 17, 2004
  • Previous Sale Amount: $80,500
  • Previous Sale Document Type: 71

    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:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1973 ft²

Average Home Age

42.6 years

Currently For Sale

179 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 3922 Wild Flower Drive, Champaign, IL, 61822

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
3922 Wild Flower Drive, Champaign, IL, 61822 Listing by Hazem Jaber

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 3 years ago
Data Source: MRED, MLS# 09525126
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 1601 Mullikin Drive built and last sold?
The property at 1601 Mullikin Drive was built in and last sold on May 3, 2017 for $467,500.
How much is this home worth?
The estimated value of the home located at 1601 Mullikin Drive is $0.
What are some comparable homes to 1601 Mullikin Drive?
There are currently no comparable homes to 1601 Mullikin Drive.
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