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Champaign 61822
2007 TALANS Drive
$335,000
● House - Off Market

2007 TALANS Drive

Champaign, IL 61822
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,402 Ft²
$380,292
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
Unit Size
2,402 Ft²
Days on Market
-
Land Size
-
Price per sqft
$139
Property Type
House
Property Taxes
$799
HOA Dues
-
Year Built
-

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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 #11166671)

Price History

Date / Event Date Event Price
Sep 7, 2021 Sold
Premium
Sold
Aug 11, 2021 Listed by RE/MAX REALTY ASSOC-MONTICELLO $335,000
Listed by RE/MAX REALTY ASSOC-MONTICELLO

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 617,245
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLS TRACE SUB PHASE 1
  • Land Acres: 0000014170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 101 WILLS TRACE SUB PHASE 1

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001205

Geography

  • District: 03
  • Parcel: 03-20-20-306-001
  • Lot: 101
  • Meridian: SEC 20 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0905
  • Longitude: -88.3325

    Address

  • Full Address: 2007 Talans Dr
  • Address - House Number: 2007
  • Address - Street Name: Talans
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R015
  • 4-Digit Zip Code: 3658
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,047,563
  • Tax Rate Code Area: 341

    Appraisal Valuation

  • Standard Deviation: 0.204
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 418,734
  • High Value: 504,169
  • Low Value: 333,298

    Market Valuation

  • Market Total Value: $337,050
  • Market Land Value: $65,100
  • Market Improvement Value: $271,950

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $112,350
  • Assessed Land Value: $21,700
  • Assessed Improvements Value: $90,650

    Sales

  • Current Sale Contract Date: Sep 07, 2021
  • Current Sale Recording Date: Sep 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R21453
  • Previous Sale Recording Date: Oct 03, 2013
  • Previous Sale Contract Date: Sep 23, 2013
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$247,500

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1970 ft²

Average Home Age

43.3 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: Julie Huisinga, RE/MAX REALTY ASSOC-MONTICELLO
Last Updated: 3 years ago
Data Source: MRED, MLS# 11166671
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 2007 Talans Drive built and last sold?
The property at 2007 Talans Drive was built in and last sold on Sep 7, 2021 for $335,000.
How much is this home worth?
The estimated value of the home located at 2007 Talans Drive is $342,682.
What are some comparable homes to 2007 Talans Drive?
There are currently no comparable homes to 2007 Talans Drive.
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