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Champaign 61821 Hollycrest
2002 Ola Drive
$140,000
● House - Off Market

2002 Ola Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,082 Ft²
$818
Est. Monthly
10.30%
Cap Rate

About This Property

Welcome home to this completely renovated 3 bedroom ranch on a corner lot. All you will need to do is move right in to make this HOME! You will be welcomed by the spacious living room with newer flooring and natural sunlight. You will appreciate the tiled shower and updated bathroom along with an open kitchen with newer appliances. Fenced in yard and 2.5 car garage on your corner lot. Conveniently located near parks, restaurants, grocery and more! Agent owned.
Unit Size
1,082 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
$106
HOA Dues
-
Year Built
1958

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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 #11928576)

Price History

Date / Event Date Event Price
Dec 27, 2023 Sold
Premium
Sold
Nov 10, 2023 Listed by KELLER WILLIAMS-TREC $145,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

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: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,872
  • Total Building Area: 1,073
  • Building Area: 1,073
  • 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: HOLIDAY ESTATES 2
  • Land Acres: 0000000204
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 48 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: 44-20-15-426-024
  • Lot: 48
  • Meridian: SEC 15 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1035
  • Longitude: -88.2805

    Address

  • Full Address: 2002 Ola Dr
  • Address - House Number: 2002
  • Address - Street Name: Ola
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C042
  • 4-Digit Zip Code: 4248
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $126,718
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 141,022
  • High Value: 156,799
  • Low Value: 125,245

    Market Valuation

  • Market Total Value: $59,340
  • Market Land Value: $26,910
  • Market Improvement Value: $32,430

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,780
  • Assessed Land Value: $8,970
  • Assessed Improvements Value: $10,810

    Sales

  • Current Sale Contract Date: Dec 27, 2023
  • Current Sale Recording Date: Dec 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18064
  • Previous Sale Recording Date: Jun 18, 2018
  • Previous Sale Contract Date: Jun 14, 2018
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: 27
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 Hollycrest

Stats & Trends

Median Asking:

$194,450

Sale Price/ft²

$135

Above Asking

0.00%

Average Days on Market

21

Average Home Size

1536 ft²

Average Home Age

60.7 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: Lisa Rector, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11928576
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 2002 Ola Drive built and last sold?
The property at 2002 Ola Drive was built in 1958 and last sold on Dec 27, 2023 for $140,000.
How much is this home worth?
The estimated value of the home located at 2002 Ola Drive is $0.
What are some comparable homes to 2002 Ola Drive?
There are currently no comparable homes to 2002 Ola Drive.
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