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Champaign 61849
2407 County Road 1150
$487,400
● House - Off Market

2407 County Road 1150

Homer, IL 61849
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,709 Ft²
$2,406
Est. Monthly

About This Property

Located in rural Homer and not far from Homer Lake Forest Preserve, this spacious 3 bedroom, 2 full bath Ranch on a full unfinished basement sits on 5 acres plus offers a 48.5' x 30.5' shed that is heated & cooled and provides a separate living space, kitchen, bedroom & bath.  Split bedroom floorplan, spacious kitchen with a ton of cabinets and breakfast area plus a formal dining room for entertaining.  Enjoy the panoramic views from the sunroom located off the eat-in kitchen.  The front flex room would make a great office/den. 10ft ceilings throughout including the basement. New roof in 2020. Generac generator
Unit Size
2,709 Ft²
Days on Market
-
Land Size
5.07 acres
Price per sqft
$181
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2003

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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: 2 years ago (MRED MLS #11769266)

Price History

Date / Event Date Event Price
Oct 7, 2024 Sold
Premium
Sold
Jul 18, 2024 Listed by Taylor Realty Associates $489,900
Listed by Taylor Realty Associates

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 8
  • Basement Area: 2,531
  • Garage Type: 1
  • Garage Square Area: 700
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 220,849
  • Total Building Area: 5,762
  • Gross Building Area: 5,957
  • Building Area: 2,531
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,531
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005070
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040

Neighborhood

  • School District Name: Heritage Community Unit School District 8
  • School Tax School District: 101
  • Census Tract: 010800

Geography

  • District: 26
  • Parcel: 26-29-06-300-020
  • Meridian: SEC 06 TWN 18N RNG 11E
  • Municipality: SOUTH HOMER
  • Latitude: 40.0453
  • Longitude: -88.0081

    Address

  • Full Address: 2407 County Road 1150 N
  • Address - House Number: 2407
  • Street Segment Direction: N
  • Address - Street Name: County Road 1150
  • State: IL
  • City Name: Homer
  • Carrier Code: R041
  • 4-Digit Zip Code: 9747
  • Zip Code: 61849

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $907,365
  • Tax Rate Code Area: 2603

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 457,507
  • High Value: 552,302
  • Low Value: 362,712

    Market Valuation

  • Market Total Value: $387,090
  • Market Land Value: $22,770
  • Market Improvement Value: $364,320

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $129,030
  • Assessed Land Value: $7,590
  • Assessed Improvements Value: $121,440

    Exemptions

  • Homeowner Exemption: Yes
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: 2 years ago
Data Source: MRED, MLS# 11769266
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 2407 County Rd 1150 North built and last sold?
The property at 2407 County Rd 1150 North was built in 2003 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2407 County Rd 1150 North is $0.
What are some comparable homes to 2407 County Rd 1150 North?
There are currently no comparable homes to 2407 County Rd 1150 North.
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