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Champaign 61821
2605 Hathaway Drive
$165,000
● House - Off Market

2605 Hathaway Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,277 Ft²
$1,174
Est. Monthly
7.14%
Cap Rate

About This Property

Harbored in the quiet neighborhood, this solid ranch features 3 bedrooms with 2 full bathrooms, Low-maintenance wood laminate flooring run throughout the most of the house, with bamboo in the hallway, built-in shelving and wood burning fireplace in the living room, all stainless steel appliances in the kitchen, double-pane windows throughout the home for energy efficiency. Outside You will enjoy a lovely fenced yard with a cute play/dollhouse. Roof in 2011, water heater and furnace in 2010, and A/C in 2005. Close to shopping, parks, and bus lines. Do not miss this!
Unit Size
1,277 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MRED MLS #11973628)

Price History

Date / Event Date Event Price
Mar 11, 2024 Sold
Premium
Sold
Feb 6, 2024 Listed by KELLER WILLIAMS-TREC $170,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,430
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STRATFORD PARK NORTH SUB NO 2
  • Land Acres: 0000000171
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 207 STRATFORD PARK NORTH SUB NO 2

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001203

Geography

  • District: 04
  • Parcel: 45-20-22-104-006
  • Lot: 207
  • Meridian: SEC 22 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.096
  • Longitude: -88.2907

    Address

  • Full Address: 2605 Hathaway Dr
  • Address - House Number: 2605
  • Address - Street Name: Hathaway
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C060
  • 4-Digit Zip Code: 5322
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $407,006
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.116
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 87
  • Final Value: 165,405
  • High Value: 184,606
  • Low Value: 146,204

    Market Valuation

  • Market Total Value: $150,780
  • Market Land Value: $34,650
  • Market Improvement Value: $116,130

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,260
  • Assessed Land Value: $11,550
  • Assessed Improvements Value: $38,710

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 13, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120
  • Previous Sale Recording Date: Apr 03, 2018
  • Previous Sale Contract Date: Mar 13, 2018
  • Previous Sale Amount: $141,000
  • Previous Sale Document Type: 71
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

$163

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1976 ft²

Average Home Age

44.4 years

Currently For Sale

165 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

Rentals Near You

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MRED

Listed by: Sherry Qiang, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11973628
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 2605 Hathaway Drive built and last sold?
The property at 2605 Hathaway Drive was built in 1980 and last sold on Mar 1, 2024 for $165,000.
How much is this home worth?
The estimated value of the home located at 2605 Hathaway Drive is $173,867.
What are some comparable homes to 2605 Hathaway Drive?
There are currently no comparable homes to 2605 Hathaway Drive.
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