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Savoy 61874
307 Preston Street
$394,900
● House - Off Market

307 Preston Street

Savoy, IL 61874
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,912 Ft²
$398,567
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Amazing Ranch in Prairie Meadows, Savoy. 4 Bedroom, 3 Full baths with partially finished basement. The main floor has an open floor plan with split bedroom design, Brazilian cherry floor in foyer, family room and dining area. The kitchen is well-appointed with beautiful cabinetry and stainless appliances. Approx. 1,912 sq ft on the main floor with about 600 sq ft finished in the basement. Ample storage in unfinished basement area. 2-car garage. Covered sun porch and deck in the back with aluminum fence. Gas fireplace. All appliances included. Well landscaped. Move-in ready.
Unit Size
1,912 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$713
HOA Dues
$21
Year Built
2008

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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 #11775213)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
May 4, 2023 Listed by ByOwner.com $397,900
Listed by ByOwner.com

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • 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
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,912
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 4,264
  • Gross Building Area: 4,264
  • Building Area: 2,535
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,535
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRAIRIE MEADOWS SUB PHASE 1
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 133 PRAIRIE MEADOWS SUB PHASE 1

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 010901

Geography

  • District: 29
  • Parcel: 29-26-01-204-012
  • Lot: 133
  • Meridian: SEC 01 TWN 18N RNG 08E
  • Municipality: TOLONO
  • Latitude: 40.0527
  • Longitude: -88.2465

    Address

  • Full Address: 307 Preston St
  • Address - House Number: 307
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: IL
  • City Name: Savoy
  • Carrier Code: R005
  • 4-Digit Zip Code: 9350
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $910,508
  • Tax Rate Code Area: 2912

    Appraisal Valuation

  • Standard Deviation: 0.1952
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 419,006
  • High Value: 500,801
  • Low Value: 337,210

    Market Valuation

  • Market Total Value: $356,790
  • Market Land Value: $59,370
  • Market Improvement Value: $297,420

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $118,930
  • Assessed Land Value: $19,790
  • Assessed Improvements Value: $99,140

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9205
  • Previous Sale Recording Date: Jul 10, 2013
  • Previous Sale Contract Date: Jul 01, 2013
  • Previous Sale Amount: $280,000
  • 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 Savoy

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$183

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2106 ft²

Average Home Age

29.5 years

Currently For Sale

19 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: Kirk Bennett, ByOwner.com
Last Updated: 3 years ago
Data Source: MRED, MLS# 11775213
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 307 Preston Street built and last sold?
The property at 307 Preston Street was built in 2008 and last sold on Jun 30, 2023 for $395,000.
How much is this home worth?
The estimated value of the home located at 307 Preston Street is $0.
What are some comparable homes to 307 Preston Street?
There are currently no comparable homes to 307 Preston Street.
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