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Champaign 61822
2176 County Road 700
$1,175,000
● House - Off Market

2176 County Road 700

Champaign, IL 61822
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,543 Ft²
$6,833
Est. Monthly
1.03%
Cap Rate

About This Property

Beautiful three bedroom property, sitting on 5 acres in Mahomet School District. Walk out basement, in-ground pool, two outbuildings (48X58 and 72X180).
Unit Size
3,543 Ft²
Days on Market
-
Land Size
-
Price per sqft
$339
Property Type
House
Property Taxes
$940
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 #12036036)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
Apr 22, 2024 Listed by Taylor Realty Associates $1,200,000
Listed by Taylor Realty Associates

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: 222,156
  • 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: MEADOW RIDGE SUB
  • Land Acres: 0000005100
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 5 MEADOW RIDGE SUB

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010604

Geography

  • District: 12
  • Parcel: 12-14-17-100-012
  • Lot: 5
  • Meridian: SEC 17 TWN 20N RNG 08E
  • Municipality: HENSLEY
  • Latitude: 40.1979
  • Longitude: -88.3336

    Address

  • Full Address: 2176 County Road 700 E
  • Address - House Number: 2176
  • Street Segment Direction: E
  • Address - Street Name: County Road 700
  • State: IL
  • City Name: Champaign
  • Carrier Code: R004
  • 4-Digit Zip Code: 1368
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,127,754
  • Tax Rate Code Area: 1207

    Appraisal Valuation

  • Standard Deviation: 0.204
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 695,635
  • High Value: 837,568
  • Low Value: 553,703

    Market Valuation

  • Market Total Value: $564,870
  • Market Land Value: $85,800
  • Market Improvement Value: $479,070

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $188,290
  • Assessed Land Value: $28,600
  • Assessed Improvements Value: $159,690

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 18, 2007
  • Current Sale Recording Date: Feb 28, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2007R04724
  • Previous Sale Recording Date: Feb 08, 2005
  • Previous Sale Contract Date: Feb 07, 2005
  • Previous Sale Amount: $59,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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:

$254,900

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1989 ft²

Average Home Age

44.4 years

Currently For Sale

433 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: Russell Taylor, Taylor Realty Associates
Last Updated: 3 years ago
Data Source: MRED, MLS# 12036036
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 2176 County Rd 700 East built and last sold?
The property at 2176 County Rd 700 East was built in and last sold on Jan 18, 2007 for $66,000.
How much is this home worth?
The estimated value of the home located at 2176 County Rd 700 East is $1,182,398.
What are some comparable homes to 2176 County Rd 700 East?
There are currently no comparable homes to 2176 County Rd 700 East.
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