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Champaign 61822
2409 Valkar Lane
$292,000
● House - Off Market

2409 Valkar Lane

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,729 Ft²
$1,778
Est. Monthly
12.09%
Cap Rate

About This Property

Wonderful 3 bedroom, 2 full bathroom ranch on a spacious lot! Features include a formal living room, family room with brick fireplace, flex room/office with French doors and a kitchen with granite countertops. Enjoy two decks, including one off the primary bedroom, plus extra garage space with a separate overhead door. Recent updates: water heater (2018), several new windows (2018), and a brand new roof (2025). Great location!
Unit Size
1,729 Ft²
Days on Market
-
Land Size
-
Price per sqft
$171
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
-

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

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
  • Living Units: 1
  • 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: 16,242
  • 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: ROLLING ACRES NO 5
  • Land Acres: 0000000373
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 72 ROLLING ACRES NO 5

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001204

Geography

  • District: 03
  • Parcel: 03-20-34-128-004
  • Lot: 72
  • Meridian: SEC 34 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0679
  • Longitude: -88.287

    Address

  • Full Address: 2409 Valkar Ln
  • Address - House Number: 2409
  • Address - Street Name: Valkar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: R002
  • 4-Digit Zip Code: 7221
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $375,732
  • Tax Rate Code Area: 0313A

    Appraisal Valuation

  • Standard Deviation: 0.2264
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 68
  • Final Value: 214,327
  • High Value: 262,870
  • Low Value: 165,784

    Market Valuation

  • Market Total Value: $164,730
  • Market Land Value: $31,080
  • Market Improvement Value: $133,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,910
  • Assessed Land Value: $10,360
  • Assessed Improvements Value: $44,550

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 01, 2004
  • Current Sale Recording Date: Jun 04, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2004R16973
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

1990 ft²

Average Home Age

44.2 years

Currently For Sale

425 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: Creg McDonald, Realty Select One
Data Source: MRED, MLS# MRD12332235
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 2409 Valkar Lane built and last sold?
The property at 2409 Valkar Lane was built in and last sold on Jun 1, 2004 for $123,000.
How much is this home worth?
The estimated value of the home located at 2409 Valkar Lane is $0.
What are some comparable homes to 2409 Valkar Lane?
There are currently no comparable homes to 2409 Valkar Lane.
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