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Champaign 61821
2511 Sangamon Drive
$196,600
● House - Off Market

2511 Sangamon Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,065 Ft²
$997
Est. Monthly
11.16%
Cap Rate

About This Property

This nicely updated 3-bedroom, 1.5-bathroom home offers a perfect blend of comfort and convenience. Step inside to find luxury vinyl plank flooring throughout, creating a cohesive and modern feel. The kitchen has been tastefully updated and features a gas stove, along with a washer and dryer for added ease. Recent updates to the windows and mechanical systems provide peace of mind and energy efficiency. Outside, enjoy a spacious, beautifully maintained fenced yard-ideal for entertaining, gardening, or relaxing in privacy. The home also includes a 1-car attached garage for secure parking and additional storage.
Unit Size
1,065 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$164
Property Type
House
Property Taxes
$137
HOA Dues
-
Year Built
1961

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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
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 7
  • Garage Square Area: 377
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,645
  • Total Building Area: 1,160
  • Building Area: 1,160
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLERS HOLIDAY PARK 3RD SEC.
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 168 WELLERS HOLIDAY PARK 3RD SEC.

Neighborhood

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

Geography

  • District: 04
  • Parcel: 44-20-15-377-006
  • Lot: 168
  • Meridian: SEC 15 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1022
  • Longitude: -88.2884

    Address

  • Full Address: 2511 Sangamon Dr
  • Address - House Number: 2511
  • Address - Street Name: Sangamon
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C060
  • 4-Digit Zip Code: 4755
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $173,158
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 145,791
  • High Value: 175,999
  • Low Value: 115,583

    Market Valuation

  • Market Total Value: $107,100
  • Market Land Value: $24,840
  • Market Improvement Value: $82,260

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,700
  • Assessed Land Value: $8,280
  • Assessed Improvements Value: $27,420

    Exemptions

  • Senior Citizen Exemption : Yes
  • 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:

$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: PJ Trautman, Trautman Real Estate Agency & Appraisal LLC
Data Source: MRED, MLS# MRD12378701
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 2511 Sangamon Drive built and last sold?
The property at 2511 Sangamon Drive was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2511 Sangamon Drive is $0.
What are some comparable homes to 2511 Sangamon Drive?
There are currently no comparable homes to 2511 Sangamon Drive.
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