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Champaign 61820
216 Briar Lane
$116,500
● House - Off Market

216 Briar Lane

Champaign, IL 61820
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$712
Est. Monthly
13.07%
Cap Rate

About This Property

Welcome home to this well maintained three-bedroom home.  It offers a nice sized, fenced-in backyard and a 2 and half car garage, perfect for a workspace.  Roof new in 2021, furnace/AC in 2022.  Home has been freshly painted and has new carpet. Make this move-in ready home yours before it's gone!  It would also be a nice addition to your investment portfolio.
Unit Size
960 Ft²
Days on Market
-
Land Size
-
Price per sqft
$120
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1971

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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 #11970507)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Feb 13, 2024 Listed by The Real Estate Group,Inc $115,000
Listed by The Real Estate Group,Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • 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: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 14
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,693
  • Total Building Area: 960
  • Building Area: 960
  • 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: EDGEBROOK 2ND ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 73 EDGEBROOK 2ND ADD

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000700

Geography

  • District: 04
  • Parcel: 41-20-01-401-027
  • Lot: 73
  • Meridian: SEC 01 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1326
  • Longitude: -88.2463

    Address

  • Full Address: 216 Briar Ln
  • Address - House Number: 216
  • Address - Street Name: Briar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: C012
  • 4-Digit Zip Code: 2104
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $176,652
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.115
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 87
  • Final Value: 111,008
  • High Value: 123,776
  • Low Value: 98,241

    Market Valuation

  • Market Total Value: $75,630
  • Market Land Value: $14,430
  • Market Improvement Value: $61,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,210
  • Assessed Land Value: $4,810
  • Assessed Improvements Value: $20,400

    Sales

  • Current Sale Contract Date: Mar 20, 2024
  • Current Sale Recording Date: Mar 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3430
  • Previous Sale Recording Date: Nov 01, 2022
  • Previous Sale Contract Date: Nov 01, 2022
  • Previous Sale Amount: $6,000
  • Previous Sale Document Type: 55
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:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1989 ft²

Average Home Age

42.3 years

Currently For Sale

174 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: Dawn Trimble, The Real Estate Group,Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11970507
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 216 Briar Lane built and last sold?
The property at 216 Briar Lane was built in 1971 and last sold on Mar 20, 2024 for $116,500.
How much is this home worth?
The estimated value of the home located at 216 Briar Lane is $0.
What are some comparable homes to 216 Briar Lane?
There are currently no comparable homes to 216 Briar Lane.
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