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Mahomet 61853
1608 Timber Wolf Lane
$315,000
● House - Off Market

1608 Timber Wolf Lane

Mahomet, IL 61853
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,797 Ft²
$354,518
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Amazing 2 story home in Mahomet with 4 bedrooms and 2.5 baths. The recently updated kitchen with a tile backsplash, granite countertops, and your large island is ideal for entertaining! The first floor includes a large living room with a gas fireplace and a large laundry room. Upstairs enjoy two oversized bedrooms and large closet space. The Master bedroom has cathedral ceilings with a large walk-in closet. The recently finished basement adds additional square footage and that extra bedroom. New poured deck. Do not miss this one that you can call home.
Unit Size
1,797 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$175
Property Type
House
Property Taxes
$504
HOA Dues
$8
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 #11207629)

Price History

Date / Event Date Event Price
Oct 29, 2021 Sold
Premium
Sold
Sep 8, 2021 Listed by KELLER WILLIAMS-TREC $315,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

Garage
Air Conditioning
Fireplace

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: 8,712
  • 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: HUNTERS RIDGE 2ND SUB
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 205 HUNTERS RIDGE 2ND SUB

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010603

Geography

  • District: 15
  • Parcel: 15-13-14-403-013
  • Lot: 205
  • Meridian: SEC 14 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.188
  • Longitude: -88.3786

    Address

  • Full Address: 1608 Timber Wolf Ln
  • Address - House Number: 1608
  • Address - Street Name: Timber Wolf
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R006
  • 4-Digit Zip Code: 6067
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $650,150
  • Tax Rate Code Area: 1550

    Appraisal Valuation

  • Standard Deviation: 0.2092
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 372,932
  • High Value: 450,965
  • Low Value: 294,898

    Market Valuation

  • Market Total Value: $275,910
  • Market Land Value: $35,760
  • Market Improvement Value: $240,150

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $91,970
  • Assessed Land Value: $11,920
  • Assessed Improvements Value: $80,050

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Nov 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R26020
  • Previous Sale Recording Date: Apr 04, 2019
  • Previous Sale Contract Date: Mar 29, 2019
  • Previous Sale Amount: $245,000
  • 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 Mahomet

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2339 ft²

Average Home Age

23.2 years

Currently For Sale

43 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: Jennifer Snodsmith, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11207629
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 1608 Timber Wolf Lane built and last sold?
The property at 1608 Timber Wolf Lane was built in and last sold on Oct 28, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 1608 Timber Wolf Lane is $0.
What are some comparable homes to 1608 Timber Wolf Lane?
There are currently no comparable homes to 1608 Timber Wolf Lane.
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