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Champaign 61821 Southwood Village
1902 Branch Road
$205,000
● House - Off Market

1902 Branch Road

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,286 Ft²
$204,441
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Wonderful Southwood ranch featuring three bedrooms and two bathrooms, living room and family room. Home also features a two car garage and sits on a corner lot. Three season sunroom on the back. Great curb appeal and great lot. Roof is approximately five years old.
Unit Size
1,286 Ft²
Days on Market
-
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1986

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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 #11771509)

Price History

Date / Event Date Event Price
Jul 6, 2023 Sold
Premium
Sold
May 18, 2023 Listed by Realty Select One $205,000
Listed by Realty Select One

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,537
  • Total Building Area: 1,223
  • Building Area: 1,223
  • 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 22ND SUB
  • Land Acres: 0000000219
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 33 SOUTHWOOD 22ND SUB

Neighborhood

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

Geography

  • District: 04
  • Parcel: 45-20-22-438-007
  • Lot: 33
  • Meridian: SEC 22 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0871
  • Longitude: -88.2767

    Address

  • Full Address: 1902 Branch Rd
  • Address - House Number: 1902
  • Address - Street Name: Branch
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Champaign
  • Carrier Code: C047
  • 4-Digit Zip Code: 6354
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $440,756
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 215,794
  • High Value: 264,103
  • Low Value: 167,485

    Market Valuation

  • Market Total Value: $161,790
  • Market Land Value: $46,710
  • Market Improvement Value: $115,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,930
  • Assessed Land Value: $15,570
  • Assessed Improvements Value: $38,360

    Sales

  • Current Sale Contract Date: Jul 06, 2023
  • Current Sale Recording Date: Jul 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9340
  • Previous Sale Recording Date: Feb 12, 2008
  • Previous Sale Contract Date: Feb 08, 2008
  • Previous Sale Amount: $145,000
  • 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 Village

Stats & Trends

Median Asking:

$169,900

Sale Price/ft²

$166

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1126 ft²

Average Home Age

45 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: Creg McDonald, Realty Select One
Last Updated: 3 years ago
Data Source: MRED, MLS# 11771509
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 1902 Branch Road built and last sold?
The property at 1902 Branch Road was built in 1986 and last sold on Jul 6, 2023 for $205,000.
How much is this home worth?
The estimated value of the home located at 1902 Branch Road is $0.
What are some comparable homes to 1902 Branch Road?
There are currently no comparable homes to 1902 Branch Road.
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