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Champaign 61822 Parkland Ridge
2901 Rachel Road
$225,000
● House - Off Market

2901 Rachel Road

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,410 Ft²
$1,387
Est. Monthly
5.70%
Cap Rate

About This Property

This charming move-in-ready gem in Parkland Ridge is sure to impress. Boasting three bedrooms and two baths with lots of natural light throughout and an updated deck overlooking beautiful landscaping. The living room has plenty of opportunities to make your own. Whether it's a place to enjoy music, a movie, or time with family, or friends, it awaits your favorite activities! Adjacent to the living room, you'll be inspired by the spacious kitchen that opens up to an airy dining room waiting for you to enjoy your next meal. You'll find plenty of pantry space as well. With a 2.5-car garage, you have room for all your needs! This well-kept home offers both convenience and comfort in a serene neighborhood setting. Come and see it for yourself!
Unit Size
1,410 Ft²
Days on Market
-
Land Size
-
Price per sqft
$160
Property Type
House
Property Taxes
$282
HOA Dues
-
Year Built
1989

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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 #12017646)

Price History

Date / Event Date Event Price
May 28, 2024 Sold
Premium
Sold
Apr 15, 2024 Listed by KELLER WILLIAMS-TREC $225,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • 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: 506
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,587
  • Total Building Area: 1,396
  • Building Area: 1,396
  • 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: PARKLAND RIDGE SUB NO 5
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 531 PARKLAND RIDGE SUB NO 5

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000902

Geography

  • District: 04
  • Parcel: 41-20-10-158-033
  • Lot: 531
  • Meridian: SEC 10 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1212
  • Longitude: -88.2936

    Address

  • Full Address: 2901 Rachel Rd
  • Address - House Number: 2901
  • Address - Street Name: Rachel
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Champaign
  • Carrier Code: R005
  • 4-Digit Zip Code: 7357
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $338,590
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2264
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 68
  • Final Value: 192,358
  • High Value: 235,924
  • Low Value: 148,791

    Market Valuation

  • Market Total Value: $143,460
  • Market Land Value: $28,590
  • Market Improvement Value: $114,870

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,820
  • Assessed Land Value: $9,530
  • Assessed Improvements Value: $38,290

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 23, 2015
  • Current Sale Recording Date: Sep 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2015R18692

    Financing

  • First Mortgage Financing Type: ADJ
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 Parkland Ridge

Stats & Trends

Median Asking:

$189,000

Sale Price/ft²

$141

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1165 ft²

Average Home Age

40.5 years

Currently For Sale

7 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: Scott Bechtel, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12017646
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 2901 Rachel Road built and last sold?
The property at 2901 Rachel Road was built in 1989 and last sold on Sep 23, 2015 for $123,000.
How much is this home worth?
The estimated value of the home located at 2901 Rachel Road is $0.
What are some comparable homes to 2901 Rachel Road?
There are currently no comparable homes to 2901 Rachel Road.
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