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Champaign 61849
2706 County Road 1200 N
$55,000
● Land - Off Market

2706 County Road 1200 N

Homer, IL 61849
bedrooms
Studio
bathrooms
0 Bath
$57,638
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Not on river, Overlooking Salt Fork River.  Near Lincoln Trail
Unit Size
-
Days on Market
-
Land Size
4.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2
HOA Dues
-
Year Built
-

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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.

Last updated: 3 years ago (MRED MLS #11468768)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Jul 19, 2022 Listed by Champaign County Realty $58,000
Listed by Champaign County Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 176,854
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000004060
  • Standard Land Use Code: 7001
  • County Land Use Code: 0021

Neighborhood

  • School District Name: Heritage Community Unit School District 8
  • School Tax School District: 101
  • Census Tract: 010800

Geography

  • District: 26
  • Parcel: 26-24-33-353-010
  • Meridian: SEC 33 TWN 19N RNG 14W
  • Municipality: SOUTH HOMER
  • Latitude: 40.0569
  • Longitude: -87.9563

    Address

  • Full Address: 2706 County Road 1200 N
  • Address - House Number: 2706
  • Street Segment Direction: N
  • Address - Street Name: County Road 1200
  • State: IL
  • City Name: Homer
  • Carrier Code: R041
  • 4-Digit Zip Code: 9758
  • Zip Code: 61849

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,094
  • Tax Rate Code Area: 2603

    Market Valuation

  • Market Total Value: $1,320
  • Market Land Value: $1,320

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $440
  • Assessed Land Value: $440

    Sales

  • Current Sale Contract Date: Aug 24, 2023
  • Current Sale Recording Date: Sep 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 13572
  • Previous Sale Recording Date: Sep 22, 2022
  • Previous Sale Contract Date: Sep 16, 2022
  • Previous Sale Amount: $34,666
  • 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:

$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

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MRED

Listed by: Phillip Trautman, Champaign County Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11468768
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 2706 County Rd 1200 North built and last sold?
The property at 2706 County Rd 1200 North was built in and last sold on Aug 24, 2023 for $55,000.
How much is this home worth?
The estimated value of the home located at 2706 County Rd 1200 North is $0.
What are some comparable homes to 2706 County Rd 1200 North?
There are currently no comparable homes to 2706 County Rd 1200 North.
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