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Champaign 61821
1714 Lakeside Drive
$410,000
● House - Off Market

1714 Lakeside Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,958 Ft²
$2,655
Est. Monthly
3.29%
Cap Rate

About This Property

Picture Perfect!  Amazing ranch in Old Farm, quality built by Wisegarver, this floor plan features an open flow between the spacious living room and dining area-ideal for entertaining.   The vaulted ceiling is highlighted by skylights.  Double French doors lead to a chef's kitchen, complete with a center island, abundant storage and a sunlit breakfast area perfect for your morning coffee.  Custom cabinetry and all appliances are included. The private primary suite provides a personal retreat, with an luxurious bath that has separate tub and walk-in shower.  French doors partition the other bedrooms, guest bath, and laundry room.  Additional amenities: new roof (Fall 2024), interior entirely painted 2024, central vac system, screened porch, deck, private grilling patio and minutes from University of Illinois campus.
Unit Size
1,958 Ft²
Days on Market
-
Land Size
-
Price per sqft
$209
Property Type
House
Property Taxes
$641
HOA Dues
-
Year Built
1997

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,355
  • Total Building Area: 1,878
  • Building Area: 1,878
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD FARM 5 FINAL PLAT
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 OLD FARM 5 FINAL PLAT

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001301

Geography

  • District: 04
  • Parcel: 45-20-23-104-008
  • Lot: 8
  • Meridian: SEC 23 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0957
  • Longitude: -88.272

    Address

  • Full Address: 1714 Lakeside Dr
  • Address - House Number: 1714
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C053
  • 4-Digit Zip Code: 5536
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $626,602
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2159
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 334,853
  • High Value: 407,150
  • Low Value: 262,555

    Market Valuation

  • Market Total Value: $237,420
  • Market Land Value: $55,950
  • Market Improvement Value: $181,470

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,140
  • Assessed Land Value: $18,650
  • Assessed Improvements Value: $60,490

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21193
  • Previous Sale Recording Date: Mar 13, 2006
  • Previous Sale Contract Date: Mar 03, 2006
  • Previous Sale Amount: $222,500
  • 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 Champaign

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1973 ft²

Average Home Age

42.6 years

Currently For Sale

179 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: Creg McDonald, Realty Select One
Data Source: MRED, MLS# MRD12388493
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 1714 Lakeside Drive built and last sold?
The property at 1714 Lakeside Drive was built in 1997 and last sold on Nov 10, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 1714 Lakeside Drive is $0.
What are some comparable homes to 1714 Lakeside Drive?
There are currently no comparable homes to 1714 Lakeside Drive.
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