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Champaign 61822
2107 Savanna Drive
$487,000
● House - Off Market

2107 Savanna Drive

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,038 Ft²
$3,377
Est. Monthly
$4
HOA / Fees
1.12%
Cap Rate

About This Property

Open one-story floor plan featuring split bedroom design and full basement with additional finished space. You'll love the bamboo floors and gas fireplace in the central living area and vaulted ceilings in the great room and primary bedroom. Dine-in kitchen features all stainless-steel appliances, granite counters, maple cabinets, walk-in pantry, and large island. Finished basement includes 4th bedroom, full bath and family room/wet bar. Privacy fenced yard with screened-in porch enhance the outdoor area. Additional touches include Pella windows, heated garage, and lawn irrigation. Move-in ready with newer carpet on main floor.
Unit Size
2,038 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$250
Property Type
House
Property Taxes
$869
HOA Dues
$4
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11958388)

Price History

Date / Event Date Event Price
Apr 17, 2024 Sold
Premium
Sold
Jan 12, 2024 Listed by Champaign County Realty $509,900
Listed by Champaign County Realty

Property Highlights

Air Conditioning

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: 10,792
  • 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: IRONWOOD WEST VIII SUB
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 808 IRONWOOD WEST VIII SUB

Neighborhood

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

Geography

  • District: 04
  • Parcel: 45-20-20-335-003
  • Lot: 808
  • Meridian: SEC 20 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.089
  • Longitude: -88.328

    Address

  • Full Address: 2107 Savanna Dr
  • Address - House Number: 2107
  • Address - Street Name: Savanna
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R015
  • 4-Digit Zip Code: 3610
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,042,436
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.1144
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 88
  • Final Value: 509,687
  • High Value: 568,014
  • Low Value: 451,360

    Market Valuation

  • Market Total Value: $385,200
  • Market Land Value: $56,010
  • Market Improvement Value: $329,190

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $128,400
  • Assessed Land Value: $18,670
  • Assessed Improvements Value: $109,730

    Sales

  • Current Sale Contract Date: Aug 03, 2017
  • Current Sale Recording Date: Mar 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018R03983
  • Previous Sale Recording Date: Sep 27, 2012
  • Previous Sale Contract Date: Sep 12, 2012
  • Previous Sale Amount: $354,000
  • 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:

$247,500

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1982 ft²

Average Home Age

44.3 years

Currently For Sale

168 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: Bill Peifer, Champaign County Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11958388
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 2107 Savanna Drive built and last sold?
The property at 2107 Savanna Drive was built in and last sold on Aug 3, 2017 for $354,000.
How much is this home worth?
The estimated value of the home located at 2107 Savanna Drive is $506,452.
What are some comparable homes to 2107 Savanna Drive?
There are currently no comparable homes to 2107 Savanna Drive.
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