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Champaign 61802
2705 Arlene Drive
$252,500
● House - Off Market

2705 Arlene Drive

Urbana, IL 61802
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,653 Ft²
$1,548
Est. Monthly
6.72%
Cap Rate

About This Property

Step into this beautifully updated 3-bedroom ranch, ready for you to move right in and make it your own. Inside, you'll find fresh paint, new flooring, and fully renovated bathrooms. The kitchen shines with updated cabinetry, sleek quartz countertops, and stylish lighting that brightens the space throughout. Outside, a freshly painted exterior adds to the home's curb appeal. Enjoy the open, flowing layout and a spacious living room perfect for relaxing or entertaining. With affordable county taxes and a location just minutes from I-74, shopping, dining, and daily conveniences, this immaculate property is worth seeing. Don't miss your chance to own this thoughtfully upgraded gem!
Unit Size
1,653 Ft²
Days on Market
-
Land Size
-
Price per sqft
$154
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1967

Payment Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 495
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,733
  • Total Building Area: 1,646
  • Building Area: 1,646
  • 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: BROWNFIELD SUB 2ND PLAT
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 50 BROWNFIELD SUB 2ND PLAT

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005402

Geography

  • District: 30
  • Parcel: 30-21-03-128-016
  • Lot: 50
  • Meridian: SEC 03 TWN 19N RNG 09E
  • Municipality: URBANA
  • Latitude: 40.1412
  • Longitude: -88.1724

    Address

  • Full Address: 2705 Arlene Dr
  • Address - House Number: 2705
  • Address - Street Name: Arlene
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: R005
  • 4-Digit Zip Code: 7646
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $316,632
  • Tax Rate Code Area: 3014

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 195,643
  • High Value: 246,720
  • Low Value: 144,565

    Market Valuation

  • Market Total Value: $127,380
  • Market Land Value: $24,810
  • Market Improvement Value: $102,570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,460
  • Assessed Land Value: $8,270
  • Assessed Improvements Value: $34,190

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 28, 2010
  • Current Sale Recording Date: Jun 30, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010R13428
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:

$255,000

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1957 ft²

Average Home Age

45.6 years

Currently For Sale

431 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

Unit for rent at 1306 E Green Street, Urbana, IL, 61802

$1,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,761 ft²
1306 E Green Street, Urbana, IL, 61802 Listing by Carol Meinhart

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jesse Stauffer, Taylor Realty Associates
Data Source: MRED, MLS# MRD12357444
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 2705 Arlene Drive built and last sold?
The property at 2705 Arlene Drive was built in 1967 and last sold on Jun 28, 2010 for $128,000.
How much is this home worth?
The estimated value of the home located at 2705 Arlene Drive is $0.
What are some comparable homes to 2705 Arlene Drive?
There are currently no comparable homes to 2705 Arlene Drive.
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