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Champaign 61821
2503 Maplewood Drive
$223,500
● House - Off Market

2503 Maplewood Drive

Champaign, IL 61821
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,708 Ft²
$1,412
Est. Monthly
15.29%
Cap Rate

About This Property

4 bedrooms, 2 full baths, & separate living room & family room all on one level! The living room is open to the kitchen & dining area. A sliding glass door opens onto a large deck with a motorized retractable awning that overlooks the fenced backyard. Large 6x8 pantry. The laundry room has an additional door leading to the backyard. The house features newer roof, vinyl replacement windows throughout, low-maintenance vinyl siding, an extra-wide driveway leading to a brand new oversized 22x18 dream garage.
Unit Size
1,708 Ft²
Days on Market
-
Land Size
-
Price per sqft
$132
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1962

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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

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,409
  • Total Building Area: 1,683
  • Building Area: 1,683
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLERS HOLIDAY PARK 6TH SEC.
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 471 WELLERS HOLIDAY PARK 6TH SEC.

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001201

Geography

  • District: 04
  • Parcel: 44-20-15-331-008
  • Lot: 471
  • Meridian: SEC 15 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1042
  • Longitude: -88.2873

    Address

  • Full Address: 2503 Maplewood Dr
  • Address - House Number: 2503
  • Address - Street Name: Maplewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C066
  • 4-Digit Zip Code: 4701
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $296,290
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 185,894
  • High Value: 227,510
  • Low Value: 144,279

    Market Valuation

  • Market Total Value: $129,660
  • Market Land Value: $24,840
  • Market Improvement Value: $104,820

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,220
  • Assessed Land Value: $8,280
  • Assessed Improvements Value: $34,940

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2011
  • Current Sale Recording Date: Oct 14, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2011R21212
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:

$249,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1988 ft²

Average Home Age

44.9 years

Currently For Sale

160 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

Currently no nearby rentals
MRED

Listed by: Rick Wilberg, eXp Realty-Champaign
Data Source: MRED, MLS# MRD12356738
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 2503 Maplewood Drive built and last sold?
The property at 2503 Maplewood Drive was built in 1962 and last sold on Oct 12, 2011 for $120,000.
How much is this home worth?
The estimated value of the home located at 2503 Maplewood Drive is $230,671.
What are some comparable homes to 2503 Maplewood Drive?
There are currently no comparable homes to 2503 Maplewood Drive.
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