$169,900
●
House -
Off Market
302 RIDGE Road
MAHOMET, IL 61853
4 Beds
3 Baths,
1
Half Bath
2,027 Ft²
$285,332
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model
About This Property
WOW, Now $175k!! Classic New England Saltbox home perched on a nice
size corner lot in popular Lakeview. Very close to scenic 'Lake of
the Woods' park and golf, Mahomet schools and just minutes from
Champaign. Great price-point for a two-story/4bed/2.5 bath home
w/this location. Brand-new roof w/high character longer lasting
architectural grade shingles, new furnace in 2004, open porch
converted to a 4-seasons porch 'man-cave' (130 bonus sq ft not incl
in total) w/ceiling/fan/heat. Full featured kitchen w/quality
Schrock cabinets. Bonus storage in attic & garden shed. Fenced yard
now fully landscaped & offers both the patio/entertaining area plus
an open grassy area to the side. All kit appliances plus washer &
dryer) included, sunroom F/P, bedroom cabinet & yard wood plays-set
neg
Unit Size
2,027 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$86
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1987
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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 #09491125)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2018 | No longer available | - | |
| No longer available | |||
| Aug 23, 2018 | Listed | $205,000 | |
| Listed | |||
| | |||
|
Great Location on a corner lot in Lakeview Subdivision. Short distance to Lake of the Woods Park and Golf Course. Just minutes to Champaign / Urbana and U of I. Several updates including all new interior paint, carpeting, fencing and an overall refurbish. New roof in 2016 and furnace 2004. Enclosed porch used year around adding living space not included in overall measurements. Two car attached garage plus an added storage shed. Separate laundry and downstairs bath. Located in highly sought after Mahomet School District. The manager has listed the unit size as 2027 square feet.
| |||
| Apr 4, 2017 | Sold | ||
| Sold | |||
| Jan 31, 2017 | Listed by RE/MAX REALTY ASSOCIATES-CHA | $175,000 | |
| Listed by RE/MAX REALTY ASSOCIATES-CHA | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lake of the Woods
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Listed by: , RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 3 years ago
Data Source: MRED, MLS# 09491125
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09491125
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