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Champaign 61820 Bolten Field
2126 Melrose Drive #0
$167,900
● House - Off Market

2126 Melrose Drive #0

Champaign, IL 61820
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,301 Ft²
$1,151
Est. Monthly
$106
HOA / Fees
5.16%
Cap Rate

About This Property

This 3-bedroom home has been converted to now offer two spacious bedrooms, with a loft area that can be used as an office or additional guest sleeping space. The home boasts many newer updates, including a furnace, air conditioning unit, refrigerator, custom countertops, water heater, and dryer. The main living area features new flooring, and the entire home has been freshly painted. The fenced backyard offers a deck perfect for outdoor relaxation, and the property includes private 2-car parking, access to a pool, tennis courts, and a clubhouse. Additionally, there is an outside locked storage area for added convenience.
Unit Size
1,301 Ft²
Days on Market
-
Land Size
-
Price per sqft
$127
Property Type
House
Property Taxes
$235
HOA Dues
$106
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 #12098308)

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • 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: 3,165
  • 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: COLONY WEST PHASE IV
  • Land Acres: 0000000073
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 427 COLONY WEST PHASE IV

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001301

Geography

  • District: 04
  • Parcel: 45-20-24-359-008
  • Lot: 427
  • Meridian: SEC 24 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0854
  • Longitude: -88.2541

    Address

  • Full Address: 2126 Melrose Dr
  • Address - House Number: 2126
  • Address - Street Name: Melrose
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C030
  • 4-Digit Zip Code: 7515
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $260,610
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2114
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 150,144
  • High Value: 181,899
  • Low Value: 118,390

    Market Valuation

  • Market Total Value: $103,020
  • Market Land Value: $11,280
  • Market Improvement Value: $91,740

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,340
  • Assessed Land Value: $3,760
  • Assessed Improvements Value: $30,580

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 19, 2007
  • Current Sale Recording Date: Aug 03, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2007R20997
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

About Bolten Field

Stats & Trends

Median Asking:

$255,000

Sale Price/ft²

$150

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1781 ft²

Average Home Age

66.9 years

Currently For Sale

11 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: Jeffrey Barkstall, Heartland Real Estate of Central Illinois, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12098308
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 2126 Melrose Drive built and last sold?
The property at 2126 Melrose Drive was built in and last sold on Jul 19, 2007 for $129,000.
How much is this home worth?
The estimated value of the home located at 2126 Melrose Drive is $0.
What are some comparable homes to 2126 Melrose Drive?
There are currently no comparable homes to 2126 Melrose Drive.
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