For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Champaign 61822
3006 MERIDIAN Drive
$182,500
● House - Off Market

3006 MERIDIAN Drive

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,956 Ft²
$1,258
Est. Monthly
9.51%
Cap Rate

About This Property

Rural subdivision with one dead end street. Low traffic in quiet area. Few minutes to Champaign or Mahomet. Large .72 acre lot. HD has no info on septic/well. No backyard neighbors and empty lot next to house. Three bedroom ranch with 2 full baths. Sold as is. Enclosed back porch. Shed. Fence. Front deck. Oversized two car attached garage with workbenches & pull down attic stairs. Family room with fireplace. Breakfast bar. Lots of room to grow or add on. Private patio. Some updated windows. Updated furnace & AC unit.
Unit Size
1,956 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$92
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1980

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 1,628
  • Garage Type: 1
  • Garage Square Area: 660
  • Parking Space Count: 2
  • Patio Type: 94
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,576
  • Total Building Area: 3,916
  • Gross Building Area: 4,108
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERIDIAN ESTATES AND OTHER LAND
  • Land Acres: 0000000725
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 15 MERIDIAN ESTATES

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 010604

Geography

  • District: 12
  • Parcel: 12-14-28-276-007
  • Lot: 15
  • Meridian: SEC 28 TWN 20N RNG 08E
  • Municipality: HENSLEY
  • Latitude: 40.1651
  • Longitude: -88.297

    Address

  • Full Address: 3006 Meridian Dr
  • Address - House Number: 3006
  • Address - Street Name: Meridian
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R003
  • 4-Digit Zip Code: 9558
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $384,604
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 1202A

    Appraisal Valuation

  • Standard Deviation: 0.2234
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 208,513
  • High Value: 255,112
  • Low Value: 161,915

    Market Valuation

  • Market Total Value: $182,100
  • Market Land Value: $28,470
  • Market Improvement Value: $153,630

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,700
  • Assessed Land Value: $9,490
  • Assessed Improvements Value: $51,210

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 15, 2003
  • Current Sale Recording Date: Jan 16, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2003R02169
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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Matt Zenor, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12299850
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 3006 Meridian Drive built and last sold?
The property at 3006 Meridian Drive was built in 1980 and last sold on Jan 15, 2003 for $115,000.
How much is this home worth?
The estimated value of the home located at 3006 Meridian Drive is $0.
What are some comparable homes to 3006 Meridian Drive?
There are currently no comparable homes to 3006 Meridian Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Hensley Homes for Sale
Hensley Houses for Sale
Hensley Multifamily for Sale
Hensley Homes with Basements
Hensley Homes with Pools
Hensley Homes with Parking
Hensley Homes with Garages
Hensley Homes with a View
Nearby Cities
Champaign Homes for Sale
Urbana Homes for Sale
Mahomet Homes for Sale
Rantoul Homes for Sale
Lake of the Woods Homes for Sale
Thomasboro Homes for Sale
Seymour Homes for Sale
Bondville Homes for Sale
Nearby Property Records
Champaign County, IL Property Records
Piatt County, IL Property Records
Ford County, IL Property Records
Douglas County, IL Property Records
De Witt County, IL Property Records
Vermilion County, IL Property Records
McLean County, IL Property Records
Edgar County, IL Property Records
Neighborhoods
Bolten Field Real Estate
Clark Real Estate
Boulder Ridge Real Estate
Garden Hills Real Estate
Parkland Ridge Real Estate
Sawgrass Real Estate
Ashland Park Real Estate
Pembroke Point Real Estate
Nearby Counties
Champaign City Homes for Sale
Cunningham Homes for Sale
Mahomet Homes for Sale
Champaign Homes for Sale
Rantoul Homes for Sale
Urbana Homes for Sale
Newcomb Homes for Sale
Somer Homes for Sale
Top Real Estate Agents
Top Agents in Hensley
Top Agents in Champaign
Top Agents in Champaign City
Top Agents in Urbana
Top Agents in Cunningham
Top Agents in 61822
Top Agents in 61821
Top Agents in 61802