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Champaign 61821 Southwood
2112 Cypress Drive
$163,500
● House - Off Market

2112 Cypress Drive

CHAMPAIGN, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,375 Ft²
$270,931
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Nicest ranch home in Southwood!  3 bedroom, 2 bath stunner with new roof, windows, kitchen, baths, hardwood flooring, stainless appliances and a 2 car garage with bonus room that would make a great "man cave" or provide for additional storage.  Fenced and private backyard for great outdoor living space.  Nothing to do except move in and enjoy your new home!
Unit Size
1,375 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$124
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1965

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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 #09602778)

Price History

Date / Event Date Event Price
Aug 2, 2017 Sold
Premium
Sold
Apr 21, 2017 Listed by McDonald Group, The $169,900
Listed by McDonald Group, The

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 4
  • Garage Square Area: 396
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,395
  • Total Building Area: 1,324
  • Building Area: 1,324
  • 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 4TH SUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 149 SOUTHWOOD 4TH SUB

Neighborhood

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

Geography

  • District: 04
  • Parcel: 45-20-22-253-020
  • Lot: 149
  • Meridian: SEC 22 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.093
  • Longitude: -88.2824

    Address

  • Full Address: 2112 Cypress Dr
  • Address - House Number: 2112
  • Address - Street Name: Cypress
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C047
  • 4-Digit Zip Code: 5871
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $363,878
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 214,631
  • High Value: 260,456
  • Low Value: 168,806

    Market Valuation

  • Market Total Value: $136,710
  • Market Land Value: $46,710
  • Market Improvement Value: $90,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,570
  • Assessed Land Value: $15,570
  • Assessed Improvements Value: $30,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2017
  • Current Sale Recording Date: Aug 04, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R14618

    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 Southwood

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$141

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1656 ft²

Average Home Age

62.3 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: , McDonald Group, The
Last Updated: 3 years ago
Data Source: MRED, MLS# 09602778
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 2112 Cypress Drive built and last sold?
The property at 2112 Cypress Drive was built in 1965 and last sold on Jul 28, 2017 for $163,500.
How much is this home worth?
The estimated value of the home located at 2112 Cypress Drive is $0.
What are some comparable homes to 2112 Cypress Drive?
There are currently no comparable homes to 2112 Cypress Drive.
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