For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Champaign 61853
1607 W Point Drive
$407,500
● House - Off Market

1607 W Point Drive

Mahomet, IL 61853
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,397 Ft²
$2,566
Est. Monthly
$54
HOA / Fees
2.92%
Cap Rate

About This Property

Nestled on the serene shores of Spring Lake, this charming 3-bedroom, 2-bathroom brick home offers spacious and comfortable living with stunning water views. The main floor boasts an open-concept layout connecting the updated tile-floor kitchen-featuring stainless steel appliances, a double oven, and gas stove-with the breakfast area, dining room, living room, and family room, making it perfect for everyday living and entertaining. Upstairs boasts the primary bedroom with walk-in closet, two additional bedrooms, full bath and a second family room that opens onto a large balcony overlooking the lake. The backyard is an entertainer's dream, complete with a covered porch, beautifully designed spaces for gatherings, and panoramic lake views that stretch to the horizon.
Unit Size
2,397 Ft²
Days on Market
-
Land Size
-
Price per sqft
$173
Property Type
House
Property Taxes
$474
HOA Dues
$54
Year Built
1966

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 3
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 936
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,451
  • Total Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING LAKE SUB
  • Land Acres: 0000000378
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 25 SPRING LAKE SUB

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010601

Geography

  • District: 15
  • Parcel: 15-13-17-405-003
  • Lot: 25
  • Meridian: SEC 17 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.1894
  • Longitude: -88.4356

    Address

  • Full Address: 1607 W Point Dr
  • Address - House Number: 1607
  • Street Direction: W
  • Address - Street Name: Point
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R005
  • 4-Digit Zip Code: 8928
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $481,950
  • Tax Rate Code Area: 1501

    Appraisal Valuation

  • Standard Deviation: 0.2036
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 336,763
  • High Value: 405,355
  • Low Value: 268,170

    Market Valuation

  • Market Total Value: $219,540
  • Market Land Value: $45,330
  • Market Improvement Value: $174,210

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,180
  • Assessed Land Value: $15,110
  • Assessed Improvements Value: $58,070

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 14, 2012
  • Current Sale Recording Date: Jun 15, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012R14749
  • Previous Sale Recording Date: May 03, 2010
  • Previous Sale Contract Date: Apr 28, 2010
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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:

$257,500

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1958 ft²

Average Home Age

46.1 years

Currently For Sale

427 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nick Taylor, Taylor Realty Associates
Data Source: MRED, MLS# MRD12349712
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 1607 West Point Drive built and last sold?
The property at 1607 West Point Drive was built in 1966 and last sold on Jun 14, 2012 for $223,000.
How much is this home worth?
The estimated value of the home located at 1607 West Point Drive is $0.
What are some comparable homes to 1607 West Point Drive?
There are currently no comparable homes to 1607 West Point Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Mahomet Homes for Sale
Mahomet Houses for Sale
Mahomet Condos for Sale
Mahomet Townhouses for Sale
Mahomet Multifamily for Sale
Mahomet Land for Sale
Mahomet Commercial for Sale
Mahomet Homes with Basements
Nearby Cities
Champaign Homes for Sale
Lake of the Woods Homes for Sale
Mansfield Homes for Sale
Seymour Homes for Sale
Bondville Homes for Sale
White Heath Homes for Sale
Nearby Property Records
Champaign County, IL Property Records
Piatt County, IL Property Records
Ford County, IL Property Records
De Witt County, IL Property Records
Douglas County, IL Property Records
McLean County, IL Property Records
Vermilion County, IL Property Records
Macon County, IL Property Records
Neighborhoods
Bolten Field Real Estate
Clark Real Estate
Boulder Ridge Real Estate
Garden Hills Real Estate
Parkland Ridge Real Estate
Sawgrass Real Estate
Ashland Park Real Estate
Pembroke Point Real Estate
Nearby Counties
Champaign City Homes for Sale
Champaign Homes for Sale
Sangamon Homes for Sale
Blue Ridge Homes for Sale
Hensley Homes for Sale
Newcomb Homes for Sale
Scott Homes for Sale
Condit Homes for Sale
Top Real Estate Agents
Top Agents in Mahomet
Top Agents in Champaign
Top Agents in Champaign City
Top Agents in 61822
Top Agents in 61821
Top Agents in 61853
Top Agents in 61820
Top Agents in Champaign