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Champaign 61822 Cherry Hills
2904 Crestridge Drive
$307,500
● House - Off Market

2904 Crestridge Drive

Champaign, IL 61822
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,927 Ft²
$318,108
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Spacious waterfront property! The main floor has a family room with fireplace, adjoining the kitchen with all appliances included.  A deck off of this space overlooks the water.  Then enjoy a separate bonus room, dining room and 3 Seasons Sunroom to overlook the backyard and lake too.  There is a bedroom and half bath, along with laundry to complete the main floor.  The 2nd floor has 4 spacious bedrooms and 2 full baths.   The Owner's suite has a corner fireplace, balcony and private bath with walk in closet.  2 car attached garage.  Enjoy Low county taxes too. Close to restaurants, interstate and more.  * Please note professional photos did not get finished as home contracted while preparing for the live market
Unit Size
2,927 Ft²
Days on Market
-
Land Size
-
Price per sqft
$109
Property Type
House
Property Taxes
$441
HOA Dues
$13
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 #11803794)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
Jul 17, 2023 Listed by Coldwell Banker R.E. Group $319,900
Listed by Coldwell Banker R.E. Group

Property Highlights

Air Conditioning
Fireplace

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
  • Living Units: 1
  • 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: 9,487
  • 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: R
  • Subdivision: CHERRY HILLS 3RD ADD
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 85 CHERRY HILLS 3RD ADD

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001204

Geography

  • District: 03
  • Parcel: 03-20-27-108-024
  • Lot: 85
  • Meridian: SEC 27 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0816
  • Longitude: -88.2935

    Address

  • Full Address: 2904 Crestridge Dr
  • Address - House Number: 2904
  • Address - Street Name: Crestridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R008
  • 4-Digit Zip Code: 7531
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $528,662
  • Tax Rate Code Area: 0308A

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 310,169
  • High Value: 374,363
  • Low Value: 245,976

    Market Valuation

  • Market Total Value: $225,960
  • Market Land Value: $58,800
  • Market Improvement Value: $167,160

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,320
  • Assessed Land Value: $19,600
  • Assessed Improvements Value: $55,720

    Sales

  • Current Sale Contract Date: Aug 18, 2023
  • Current Sale Recording Date: Aug 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12005
  • Previous Sale Recording Date: Jun 18, 2013
  • Previous Sale Contract Date: Jun 12, 2013
  • Previous Sale Amount: $194,000
  • 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 Cherry Hills

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$173

Below Asking

0.01%

Average Days on Market

67

Average Home Size

2426 ft²

Average Home Age

38.2 years

Currently For Sale

0 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 2303 Brookhaven Drive, Champaign, IL, 61821

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,651 ft²
2303 Brookhaven Drive, Champaign, IL, 61821 Listing by Darnell Cox

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Stefanie Pratt, Coldwell Banker R.E. Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11803794
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 2904 Crestridge Drive built and last sold?
The property at 2904 Crestridge Drive was built in and last sold on Aug 18, 2023 for $307,500.
How much is this home worth?
The estimated value of the home located at 2904 Crestridge Drive is $323,099.
What are some comparable homes to 2904 Crestridge Drive?
There are currently no comparable homes to 2904 Crestridge Drive.
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