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Lake of the Woods 61853
307 Red Bud Drive
$450,000
● House - Off Market

307 Red Bud Drive

Mahomet, IL 61853
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,159 Ft²
$3,079
Est. Monthly
$13
HOA / Fees
7.78%
Cap Rate
Unit Size
2,159 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$212
Property Type
House
Property Taxes
$815
HOA Dues
$13
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

  • 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
  • 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: 9,583
  • 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: PRAIRIE CROSSING 5TH SUB.
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 508 PRAIRIE CROSSING 5TH SUB. 2019R11544

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010603

Geography

  • District: 15
  • Parcel: 15-13-13-101-040
  • Lot: 508
  • Municipality: MAHOMET
  • Latitude: 40.1985
  • Longitude: -88.3682

    Address

  • Full Address: 307 Red Bud Dr
  • Address - House Number: 307
  • Address - Street Name: Red Bud
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R007
  • 4-Digit Zip Code: 7463
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $907,872
  • Tax Rate Code Area: 1502

    Appraisal Valuation

  • Standard Deviation: 0.2008
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 449,978
  • High Value: 540,354
  • Low Value: 359,602

    Market Valuation

  • Market Total Value: $358,290
  • Market Land Value: $44,280
  • Market Improvement Value: $314,010

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,430
  • Assessed Land Value: $14,760
  • Assessed Improvements Value: $104,670

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Aug 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R19252

    Financing

  • First Mortgage Financing Type: FIX
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 Lake of the Woods

Stats & Trends

Median Asking:

$299,950

Sale Price/ft²

$172

Below Asking

0.04%

Average Days on Market

63

Average Home Size

1843 ft²

Average Home Age

29.8 years

Currently For Sale

6 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

Currently no nearby rentals
MRED

Listed by: Diane Dawson, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12335392
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 Red Bud Drive built and last sold?
The property at 307 Red Bud Drive was built in and last sold on Jul 21, 2021 for $360,500.
How much is this home worth?
The estimated value of the home located at 307 Red Bud Drive is $463,085.
What are some comparable homes to 307 Red Bud Drive?
There are currently no comparable homes to 307 Red Bud Drive.
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