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Champaign 61821 Southwood
1802 Winchester Drive
$131,000
● House - Off Market

1802 Winchester Drive

CHAMPAIGN, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,643 Ft²
$217,972
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Well-maintained tri-level with hardwood floors throughout most of the home. Natural light abounds with skylights in the entryway, kitchen and upper level bathroom. Open floor plan through the kitchen, living room and dining room. The updated kitchen boasts a tile backsplash, movable center breakfast bar, beautiful tile flooring, light-stained cabinets, and matching white appliances, all included! There are two large bedrooms upstairs, one of which is HUGE (two bedrooms made into one). The third bedroom on the lower level adjoins the family room/office, full bath and laundry area with cabinets. Newer hot water heater and furnace. This home is on a corner lot, with a privacy fence, firepit area, and a large patio! Close to shopping, parks, and is on a bus line!
Unit Size
1,643 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$82
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1965

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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.

Last updated: 3 years ago (MRED MLS #09490651)

Price History

Date / Event Date Event Price
May 1, 2017 Sold
Premium
Sold
Jan 11, 2017 Listed by KELLER WILLIAMS-TREC $134,900
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,925
  • Total Building Area: 1,098
  • Building Area: 1,098
  • 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: SOUTHWOOD 4TH SUB
  • Land Acres: 0000000182
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 159 SOUTHWOOD 4TH SUB

Neighborhood

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

Geography

  • District: 04
  • Parcel: 45-20-22-253-001
  • Lot: 159
  • Meridian: SEC 22 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0945
  • Longitude: -88.284

    Address

  • Full Address: 1802 Winchester Dr
  • Address - House Number: 1802
  • Address - Street Name: Winchester
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C047
  • 4-Digit Zip Code: 5811
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $379,788
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 196,986
  • High Value: 241,085
  • Low Value: 152,888

    Market Valuation

  • Market Total Value: $141,900
  • Market Land Value: $46,710
  • Market Improvement Value: $95,190

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,300
  • Assessed Land Value: $15,570
  • Assessed Improvements Value: $31,730

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2017
  • Current Sale Recording Date: May 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R07529
  • Previous Sale Recording Date: Mar 30, 2007
  • Previous Sale Contract Date: Mar 28, 2007
  • Previous Sale Amount: $140,000
  • 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 Southwood

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$141

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1656 ft²

Average Home Age

62.3 years

Currently For Sale

3 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: , KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09490651
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 1802 Winchester Drive built and last sold?
The property at 1802 Winchester Drive was built in 1965 and last sold on May 1, 2017 for $131,000.
How much is this home worth?
The estimated value of the home located at 1802 Winchester Drive is $143,498.
What are some comparable homes to 1802 Winchester Drive?
There are currently no comparable homes to 1802 Winchester Drive.
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