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Champaign 61822
3 Lake Park Road
$495,000
● House - Off Market

3 Lake Park Road

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,926 Ft²
$3,095
Est. Monthly
$56
HOA / Fees

About This Property

Experience the rare lifestyle that makes Lake Park Subdivision one of Champaign's most beloved hidden gems, where nature, water views, and community come together in an unforgettable setting. Residents enjoy scenic walking trails, wooded natural areas, community gardens, and approximately seven acres of restored prairie surrounding a stunning six-acre lake with sandy beach access for swimming, fishing, relaxing by the water, and non-motorized boating. It's a peaceful retreat that feels miles away from the everyday while remaining conveniently close to Champaign's shopping, dining, medical facilities, and the University of Illinois.  Perfectly positioned to capture sweeping lake views, this beautifully maintained three-bedroom, two-and-a-half-bath one-and-a-half-story home offers warmth, character, and flexible living spaces throughout. The spacious first-floor primary suite features hardwood flooring, custom interior shutters, a full wall of closets plus a walk-in closet, and a private en suite bath with dual vanities, a step-in shower, and a jacuzzi tub. Convenient access to the laundry room is just off the suite.  Filled with natural light, the dramatic living room showcases expansive windows overlooking the lake and a cozy fireplace that anchors the space. A separate family room provides a second fireplace, extensive wall-to-wall built-ins, and additional walk-in storage. The kitchen offers abundant cabinet and countertop space, built-in cabinetry, and a charming breakfast nook ideal for morning coffee with peaceful views. Adjacent to the kitchen is a versatile bonus space perfect for a pantry extension, home office, or everyday drop zone.  One of the home's most unique features is the bright studio retreat just off the breakfast nook, complete with its own split-unit heating and cooling system for year-round comfort. Originally designed as an art studio, this inspiring space would also make an ideal home office, fitness room, creative studio, or sunroom.  Upstairs are two additional bedrooms and a full bathroom. One bedroom includes a walk-in closet, while the other provides direct access to an expansive unfinished attic offering incredible storage potential.  Life in Lake Park is about more than just the home itself; it's about morning walks along wooded trails, afternoons spent by the lake, evenings watching sunsets shimmer across the water, and the rare sense of peace and connection this special neighborhood provides. Combined with low county taxes, this is an exceptional opportunity to enjoy one of Champaign's most distinctive lake-centered communities.
Unit Size
2,926 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$169
Property Type
House
Property Taxes
$609
HOA Dues
$56
Year Built
-

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Property Highlights

Garage
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: 21,374
  • 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: LAKE PARK SUB
  • Land Acres: 0000000491
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 3 LAKE PARK SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001400

Geography

  • District: 03
  • Parcel: 03-20-36-276-006
  • Lot: 3
  • Meridian: SEC 36 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0651
  • Longitude: -88.2409

    Address

  • Full Address: 3 Lake Park Rd
  • Address - House Number: 3
  • Address - Street Name: Lake Park
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Champaign
  • Carrier Code: R002
  • 4-Digit Zip Code: 7101
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $660,150
  • Tax Rate Code Area: 304

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 370,548
  • High Value: 447,238
  • Low Value: 293,859

    Market Valuation

  • Market Total Value: $304,980
  • Market Land Value: $87,420
  • Market Improvement Value: $217,560

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,660
  • Assessed Land Value: $29,140
  • Assessed Improvements Value: $72,520

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Champaign


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Nearby Rentals

Unit for rent at 611 Buttercup Drive, Savoy, IL, 61874

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,280 ft²
611 Buttercup Drive, Savoy, IL, 61874 Listing by Creg McDonald


Frequently Asked Questions

When was property at 3 Lake Park Road built and last sold?
The property at 3 Lake Park Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Lake Park Road is $499,735.
What are some comparable homes to 3 Lake Park Road?
There are currently no comparable homes to 3 Lake Park Road.