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Champaign 61821 Green Meadows
1702 Ridgeland Drive
$155,500
● House - Off Market

1702 Ridgeland Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
940 Ft²
$912
Est. Monthly
12.58%
Cap Rate

About This Property

Great opportunity for an investment property or a first-time homebuyer! This home features three spacious bedrooms and one bathroom. The kitchen offers plenty of room and flows seamlessly into the dining area. Enjoy the generous backyard with a covered back porch, perfect for relaxing or entertaining. Plus, a detached two-car garage provides ample storage and parking.
Unit Size
940 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
1958

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,190
  • Total Building Area: 925
  • Building Area: 925
  • 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: MEADOW PARK SUB
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 180 MEADOW PARK SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001203

Geography

  • District: 04
  • Parcel: 45-20-22-231-010
  • Lot: 180
  • Meridian: SEC 22 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0964
  • Longitude: -88.2773

    Address

  • Full Address: 1702 Ridgeland Dr
  • Address - House Number: 1702
  • Address - Street Name: Ridgeland
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C033
  • 4-Digit Zip Code: 5452
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $177,756
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.115
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 87
  • Final Value: 115,399
  • High Value: 128,672
  • Low Value: 102,127

    Market Valuation

  • Market Total Value: $98,220
  • Market Land Value: $26,910
  • Market Improvement Value: $71,310

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,740
  • Assessed Land Value: $8,970
  • Assessed Improvements Value: $23,770

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Green Meadows

Stats & Trends

Median Asking:

$166,000

Sale Price/ft²

$179

Below Asking

0.02%

Average Days on Market

46

Average Home Size

920 ft²

Average Home Age

68.4 years

Currently For Sale

0 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 McClellan, KELLER WILLIAMS-TREC
Data Source: MRED, MLS# MRD12300314
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 1702 Ridgeland Drive built and last sold?
The property at 1702 Ridgeland Drive was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1702 Ridgeland Drive is $0.
What are some comparable homes to 1702 Ridgeland Drive?
There are currently no comparable homes to 1702 Ridgeland Drive.
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