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Champaign 61821 Garden Hills
1616 Sheffield Road
$119,700
● House - Off Market

1616 Sheffield Road

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,121 Ft²
$121,254
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

This 3 bed room 2 bath single owner home, is located on an oversized mature corner lot on a tree-lined street. A screened in porch, Hardwood floors throughout, an open kitchen that opens up to the backyard deck,  and a one car garage will be some of your favorite features. With newer siding, roof and newer windows, recently upgraded electrical, new carpet in the bedrooms (with hardwood underneath), you can rest assured that this lovely move in ready home has been well cared for. You will be pleasantly surprised to locate a bonus second full bath in the  partially finished basement. Get excited about the potential for finishing the basement to add additional square footage. Schedule a showing today.
Unit Size
1,121 Ft²
Days on Market
-
Land Size
-
Price per sqft
$103
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1961

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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 #11612224)

Price History

Date / Event Date Event Price
Nov 21, 2022 Sold
Premium
Sold
Aug 24, 2022 Listed by Live Real Estate Group $114,900
Listed by Live Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 15
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 348
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,365
  • Total Building Area: 1,044
  • Building Area: 1,044
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • 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: 0000000169
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 728 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: 41-20-02-353-009
  • Lot: 728
  • Meridian: SEC 02 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1297
  • Longitude: -88.2757

    Address

  • Full Address: 1616 Sheffield Rd
  • Address - House Number: 1616
  • Address - Street Name: Sheffield
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Champaign
  • Carrier Code: C032
  • 4-Digit Zip Code: 1947
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $197,710
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 106,842
  • High Value: 134,191
  • Low Value: 79,493

    Market Valuation

  • Market Total Value: $64,500
  • Market Land Value: $16,650
  • Market Improvement Value: $47,850

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,500
  • Assessed Land Value: $5,550
  • Assessed Improvements Value: $15,950

    Sales

  • Current Sale Contract Date: Nov 21, 2022
  • Current Sale Recording Date: Nov 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20784
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: Dionne Clifton, Live Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11612224
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 1616 Sheffield Road built and last sold?
The property at 1616 Sheffield Road was built in 1961 and last sold on Nov 21, 2022 for $120,000.
How much is this home worth?
The estimated value of the home located at 1616 Sheffield Road is $0.
What are some comparable homes to 1616 Sheffield Road?
There are currently no comparable homes to 1616 Sheffield Road.
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