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Champaign 61821
2206 GLENOAK Drive
$218,000
● House - Off Market

2206 GLENOAK Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,948 Ft²
$205,353
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Great 3 bedroom, 2 bath ranch in Southwood subdivision. A large family room with a fireplace hearth and built in cabinetry,  and large living room attached to dining area with built in cabinetry.  Heated Florida room, great for relaxing or entertaining with a water hookup for a wet bar or a garden sink to be installed. Attached garage offers extra shelving and cabinets, along with a laundry area. New roof in 2020!
Unit Size
1,948 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$104
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
1968

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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 #11394335)

Price History

Date / Event Date Event Price
Jun 15, 2022 Sold
Premium
Sold
May 11, 2022 Listed by The Real Estate Group,Inc $203,000
Listed by The Real Estate Group,Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,149
  • Total Building Area: 1,611
  • Building Area: 1,611
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • 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 8TH SUB
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 289 SOUTHWOOD 8TH SUB

Neighborhood

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

Geography

  • District: 04
  • Parcel: 45-20-22-403-011
  • Lot: 289
  • Meridian: SEC 22 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0909
  • Longitude: -88.2824

    Address

  • Full Address: 2206 Glenoak Dr
  • Address - House Number: 2206
  • Address - Street Name: Glenoak
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C047
  • 4-Digit Zip Code: 6222
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $498,780
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 219,776
  • High Value: 276,034
  • Low Value: 163,519

    Market Valuation

  • Market Total Value: $180,720
  • Market Land Value: $51,510
  • Market Improvement Value: $129,210

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,240
  • Assessed Land Value: $17,170
  • Assessed Improvements Value: $43,070

    Sales

  • Current Sale Contract Date: Jun 14, 2022
  • Current Sale Recording Date: Jun 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11736
  • Previous Sale Recording Date: Nov 19, 2013
  • Previous Sale Contract Date: Nov 15, 2013
  • Previous Sale Amount: $147,500
  • 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:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2000 ft²

Average Home Age

42.1 years

Currently For Sale

175 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: Casey Ryan, The Real Estate Group,Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11394335
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 2206 Glenoak Drive built and last sold?
The property at 2206 Glenoak Drive was built in 1968 and last sold on Jun 14, 2022 for $145,333.
How much is this home worth?
The estimated value of the home located at 2206 Glenoak Drive is $0.
What are some comparable homes to 2206 Glenoak Drive?
There are currently no comparable homes to 2206 Glenoak Drive.
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