22
Map
$215,000
●
House -
In Contract
2601 Rachel Road
Champaign, IL 61822
3 Beds
2 Baths
1,600 Ft²
$1,563
Est. Monthly
$17
HOA / Fees
About This Property
This waterfront home is located at the end of a cul-de-sac in the
established Parkland Ridge subdivision. With 1.5 stories, this 3
bed, 2 full bath home has an attached 2 car garage and
approximately 1600 square feet of finished living space. When you
enter, you are greeted with a spacious living room with a vaulted
ceiling, a centered gas fireplace and great natural light from the
North and East facing windows. On the other side of the fireplace,
you have formal dining space with access to the covered 3 season
sunroom and wrap around deck overlooking the 4 acre Parkland Ridge
Lake. The kitchen has eat-in table space and with direct access to
the 2nd sunroom that sits on the West side of the home. Also on the
main floor are 2 bedrooms, a full bath and a laundry room. Upstairs
is the private loft suite which has a second living space to use
how you see fit, and the main bedroom with the full lake view and a
private full bath. The 2 car garage has a built in storage closet
along the back wall and access to the 2nd sunroom. This home
is ready for a refresh so schedule your private showing today!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$134
Property Type
House
Property Taxes
$490
HOA Dues
$17
Year Built
1987
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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
With View
Parking Details
Has Garage
Parking Features: Concrete, Garage Door Opener, Garage, Attached, Yes
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Cathedral Ceiling(s)
Appliances: Range, Microwave, Dishwasher, Refrigerator
Laundry Features: In Unit
Rooms: 6
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Square Footage: 1600
Square Footage Source: $0
Year Built: 1987
Waterbody Name: PARKLAND RIDGE LAKE
Other Structures: Shed(s)
Construction Materials: Vinyl Siding
Patio and Porch Features: Deck
Lot Features: Cul-De-Sac
Lot Size Area: 10454.4
Lot Size Units: Square Feet
Lot Size Acres: 0.24
Lot Size Square Feet: 10454.4
Lot Size Dimensions: 117x31x28x60x147
Water Source: Public
Financial Details
Tax Annual Amount: $5,877
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Other
HOA Fee: $200
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Parkland Ridge
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Darnell Cox, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12275454
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.
Data Source: MRED, MLS# MRD12275454
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017