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Champaign 61822 Dobbins Downs
2405 Roland Drive
$122,000
● House - Off Market

2405 Roland Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,672 Ft²
$829
Est. Monthly
11.76%
Cap Rate

About This Property

Ranch home in secluded neighborhood with 3 bedrooms, 1 bath and 1 car attached garage.
Unit Size
1,672 Ft²
Days on Market
-
Land Size
-
Price per sqft
$73
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1963

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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 #12092858)

Price History

Date / Event Date Event Price
Jul 3, 2024 Sold
Premium
Sold
Jun 7, 2024 Listed by RE/MAX REALTY ASSOCIATES-CHA $122,000
Listed by RE/MAX REALTY ASSOCIATES-CHA

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,835
  • Total Building Area: 1,672
  • Building Area: 1,672
  • 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: WESTERN HILLS SUB CHAMPAIGN
  • Land Acres: 0000000180
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2001 WESTERN HILLS SUB CHAMPAIGN

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000800

Geography

  • District: 12
  • Parcel: 12-14-35-355-007
  • Lot: 2001
  • Meridian: SEC 35 TWN 20N RNG 08E
  • Municipality: HENSLEY
  • Latitude: 40.1422
  • Longitude: -88.2735

    Address

  • Full Address: 2405 Roland Dr
  • Address - House Number: 2405
  • Address - Street Name: Roland
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C040
  • 4-Digit Zip Code: 1130
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $260,860
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 1204

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 138,634
  • High Value: 174,121
  • Low Value: 103,147

    Market Valuation

  • Market Total Value: $96,630
  • Market Land Value: $23,100
  • Market Improvement Value: $73,530

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,210
  • Assessed Land Value: $7,700
  • Assessed Improvements Value: $24,510

    Sales

  • Current Sale Contract Date: Mar 26, 2007
  • Current Sale Recording Date: Mar 28, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2007R07235
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 Dobbins Downs

Stats & Trends

Median Asking:

$159,000

Sale Price/ft²

$132

Below Asking

0.03%

Average Days on Market

62

Average Home Size

2265 ft²

Average Home Age

65 years

Currently For Sale

1 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

Rentals Near You

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MRED

Listed by: Darnell Cox, RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 3 years ago
Data Source: MRED, MLS# 12092858
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 2405 Roland Drive built and last sold?
The property at 2405 Roland Drive was built in 1963 and last sold on Mar 26, 2007 for $75,000.
How much is this home worth?
The estimated value of the home located at 2405 Roland Drive is $0.
What are some comparable homes to 2405 Roland Drive?
There are currently no comparable homes to 2405 Roland Drive.
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