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Champaign 61821 Garden Hills
1609 Williamsburg Drive
$88,000
● House - Off Market

1609 Williamsburg Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,050 Ft²
$562
Est. Monthly
22.16%
Cap Rate

About This Property

Sitting in the heart of Champaign near shopping, restaurants and entertainment this three bedroom ranch offers great space both inside and out! The bright & airy living room leads into the large eat-in kitchen. You'll love the bonus family room located just off the kitchen. A large backyard provides fantastic entertainment space with a patio area and beautiful mature trees. Sold as is.
Unit Size
1,050 Ft²
Days on Market
-
Land Size
-
Price per sqft
$86
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1960

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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.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,997
  • Total Building Area: 952
  • Building Area: 952
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARDEN HILLS SUB 5TH PLAT
  • Land Acres: 0000000161
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 701 GARDEN HILLS SUB 5TH PLAT

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000901

Geography

  • District: 04
  • Parcel: 41-20-02-352-008
  • Lot: 701
  • Meridian: SEC 02 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1308
  • Longitude: -88.274

    Address

  • Full Address: 1609 Williamsburg Dr
  • Address - House Number: 1609
  • Address - Street Name: Williamsburg
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C032
  • 4-Digit Zip Code: 1918
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $135,270
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 55,493
  • High Value: 69,699
  • Low Value: 41,288

    Market Valuation

  • Market Total Value: $44,130
  • Market Land Value: $16,650
  • Market Improvement Value: $27,480

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,710
  • Assessed Land Value: $5,550
  • Assessed Improvements Value: $9,160

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Feb 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3231
  • Previous Sale Recording Date: Oct 15, 2021
  • Previous Sale Contract Date: Oct 15, 2021
  • Previous Sale Amount: $34,666
  • 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 Garden Hills

Stats & Trends

Median Asking:

$149,950

Sale Price/ft²

$138

Above Asking

0.00%

Average Days on Market

53

Average Home Size

1157 ft²

Average Home Age

68 years

Currently For Sale

2 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: Ryan Dallas, RYAN DALLAS REAL ESTATE
Data Source: MRED, MLS# MRD12321597
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 1609 Williamsburg Drive built and last sold?
The property at 1609 Williamsburg Drive was built in 1960 and last sold on Jan 28, 2022 for $40,000.
How much is this home worth?
The estimated value of the home located at 1609 Williamsburg Drive is $0.
What are some comparable homes to 1609 Williamsburg Drive?
There are currently no comparable homes to 1609 Williamsburg Drive.
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