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Champaign 61874
307 Sutton Street
$470,000
● House - Off Market

307 Sutton Street

Savoy, IL 61874
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,315 Ft²
$2,428
Est. Monthly
$21
HOA / Fees
4.11%
Cap Rate

About This Property

Currently under construction with proposed completion of the end of May, this 5-bedroom house is just waiting for you and your family to call it home! Located in Prairie Meadows subdivision, you'll enjoy the home and the area amenities as well. You'll find 4 of the bedrooms on the 2nd floor, with the 5th in the finished basement. The kitchen has plenty of cabinets for storage, white cabinets, quartz countertops, and a spacious walk-in pantry. The finished basement is perfect for entertaining with the rec room and space for guests. Broker-owned.
Unit Size
2,315 Ft²
Days on Market
-
Land Size
-
Price per sqft
$212
Property Type
House
Property Taxes
$1
HOA Dues
$21
Year Built
-

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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 #12016370)

Price History

Date / Event Date Event Price
Jul 10, 2024 Sold
Premium
Sold
Jun 18, 2024 In contract -
In contract
Mar 29, 2024 Listed by Champaign County Realty $490,000
Listed by Champaign County Realty

Property Highlights

Air Conditioning

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: 0
  • 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: V
  • Standard Land Use Code: 8010
  • County Land Use Code: 0032
  • Legal Description 1: 2021R15061

Neighborhood

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

Geography

  • District: 29
  • Parcel: 29-26-01-255-004
  • Lot: 2021R
  • Municipality: TOLONO
  • Latitude: 40.0484
  • Longitude: -88.2464

    Address

  • Full Address: 307 Sutton St
  • Address - House Number: 307
  • Address - Street Name: Sutton
  • Address - Suffix Type: St
  • State: IL
  • City Name: Savoy
  • Carrier Code: R005
  • 4-Digit Zip Code: 9398
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,214
  • Tax Rate Code Area: 2905

    Market Valuation

  • Market Total Value: $450
  • Market Land Value: $450

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $150
  • Assessed Land Value: $150

    Sales

  • Current Sale Contract Date: Feb 02, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021
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:

$254,900

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1989 ft²

Average Home Age

44.4 years

Currently For Sale

433 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: Bill Peifer, Champaign County Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12016370
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 Sutton Street built and last sold?
The property at 307 Sutton Street was built in and last sold on Feb 2, 2024 for $52,000.
How much is this home worth?
The estimated value of the home located at 307 Sutton Street is $490,409.
What are some comparable homes to 307 Sutton Street?
There are currently no comparable homes to 307 Sutton Street.
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