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Champaign 61821
1903 Alton Drive
$198,200
● House - Off Market

1903 Alton Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,492 Ft²
$1,235
Est. Monthly
9.24%
Cap Rate

About This Property

Welcome to this beautifully updated 3 bedroom, 1 bath home featuring a bright and spacious layout perfect for everyday living and entertaining. The standout feature of this home is the large family room addition-offering plenty of space to relax, host guests, or enjoy movie nights in comfort.    You'll love the stylish new flooring throughout the home, adding a fresh and modern touch. The heart of the home is the spacious kitchen, complete with a center island-ideal for meal prep, casual dining, or gathering with friends and family.    This home also offers a one-car garage for added convenience and storage. Whether you're a first-time buyer or looking to downsize, this move-in ready gem is a must-see!    Don't miss the opportunity to make this wonderful home yours-schedule a showing today!
Unit Size
1,492 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$127
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1959

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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: 1959
  • Effective Year Built: 1959
  • 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: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,374
  • Total Building Area: 1,705
  • Building Area: 1,705
  • Building Area Measurement: M

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY ESTATES 2
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 65 HOLIDAY ESTATES 2

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001201

Geography

  • District: 04
  • Parcel: 44-20-15-431-005
  • Lot: 65
  • Meridian: SEC 15 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.103
  • Longitude: -88.2786

    Address

  • Full Address: 1903 Alton Dr
  • Address - House Number: 1903
  • Address - Street Name: Alton
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C042
  • 4-Digit Zip Code: 4250
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $311,462
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 168,000
  • High Value: 205,610
  • Low Value: 130,391

    Market Valuation

  • Market Total Value: $119,610
  • Market Land Value: $26,910
  • Market Improvement Value: $92,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,870
  • Assessed Land Value: $8,970
  • Assessed Improvements Value: $30,900

    Sales

  • Current Sale Contract Date: Jun 14, 2021
  • Current Sale Recording Date: Jun 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R14444
  • Previous Sale Recording Date: Dec 03, 2010
  • Previous Sale Contract Date: Nov 22, 2010
  • Previous Sale Amount: $100,000
  • 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 Champaign

Stats & Trends

Median Asking:

$248,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1970 ft²

Average Home Age

43.7 years

Currently For Sale

175 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: Mark Waldhoff, KELLER WILLIAMS-TREC
Data Source: MRED, MLS# MRD12365374
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 1903 Alton Drive built and last sold?
The property at 1903 Alton Drive was built in 1959 and last sold on Jun 14, 2021 for $146,000.
How much is this home worth?
The estimated value of the home located at 1903 Alton Drive is $194,778.
What are some comparable homes to 1903 Alton Drive?
There are currently no comparable homes to 1903 Alton Drive.
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