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Champaign 61820
300 Briar Lane
$87,000
● House - Off Market

300 Briar Lane

Champaign, IL 61820
bedrooms
3 Beds
bathrooms
1 Bath
square feet
955 Ft²
$87,591
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Cute as can be and ready for new owners. This 3 bedroom 1bath ranch features a large eat in kitchen with plenty of counter space for meal prep and room for a table for relaxing dinners. Relax in the generously sized family room that is flooded with natural light from the large windows. Three bedrooms and one bath complete the living space. Additionally you'll find a 2 car detached garage!  Roof new in 2021 and AC in 2020. Don't miss this one!
Unit Size
955 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$89
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1962

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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 #11712625)

Price History

Date / Event Date Event Price
Mar 10, 2023 Sold
Premium
Sold
Feb 3, 2023 Listed by The Real Estate Group,Inc $85,000
Listed by The Real Estate Group,Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,121
  • Total Building Area: 934
  • Building Area: 934
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEBROOK 2ND ADD
  • Land Acres: 0000000209
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 71 EDGEBROOK 2ND ADD

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000700

Geography

  • District: 04
  • Parcel: 41-20-01-401-025
  • Lot: 71
  • Meridian: SEC 01 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1327
  • Longitude: -88.2469

    Address

  • Full Address: 300 Briar Ln
  • Address - House Number: 300
  • Address - Street Name: Briar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: C012
  • 4-Digit Zip Code: 2106
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $246,448
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2577
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 102,046
  • High Value: 128,353
  • Low Value: 75,739

    Market Valuation

  • Market Total Value: $80,400
  • Market Land Value: $14,430
  • Market Improvement Value: $65,970

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,800
  • Assessed Land Value: $4,810
  • Assessed Improvements Value: $21,990

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3116
  • Previous Sale Recording Date: Jan 28, 2020
  • Previous Sale Contract Date: Jan 24, 2020
  • Previous Sale Amount: $65,000
  • 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 Champaign

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2000 ft²

Average Home Age

42.1 years

Currently For Sale

175 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: Marty Carlson, The Real Estate Group,Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11712625
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 300 Briar Lane built and last sold?
The property at 300 Briar Lane was built in 1962 and last sold on Mar 8, 2023 for $87,000.
How much is this home worth?
The estimated value of the home located at 300 Briar Lane is $0.
What are some comparable homes to 300 Briar Lane?
There are currently no comparable homes to 300 Briar Lane.
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