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Savoy 61874
307 Wesley Avenue
$265,000
● House - Off Market

307 Wesley Avenue

Savoy, IL 61874
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,929 Ft²
$277,141
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

This beautiful updated home is tucked away in a quiet neighborhood of Savoy but just minutes from campus and other amenities.   Updates include a new roof in 2021, HVAC replaced in 2020, insulation added to attic and crawl space in 2020, crawl space encapsulated in 2020, walk-through closet and luxury vinyl flooring in bedrooms 2019, new fence 2019, and new kitchen appliances in 2017.  The open kitchen and dining room area provides ample living space, and the separate family room with a fireplace is perfect for cozy fall nights. Stable high-speed optic fiber gigabit internet access for all entertainment, gaming, or working from home. Spanning backyard with a shed for your tools that fits a riding lawnmower. The rear covered patio is ideal for enjoying warm summer days in comfort!
Unit Size
1,929 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$143
Property Type
House
Property Taxes
$331
HOA Dues
-
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 #11344569)

Price History

Date / Event Date Event Price
May 18, 2022 Sold
Premium
Sold
Mar 10, 2022 Listed by JOEL WARD HOMES, INC $275,000
Listed by JOEL WARD HOMES, INC

Property Highlights

Garage
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
  • Living Units: 1
  • 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: 9,818
  • 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: GRAHAMS 9TH ADD
  • Land Acres: 0000000225
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 38 GRAHAMS 9TH ADD

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 03
  • Parcel: 03-20-36-353-007
  • Lot: 38
  • Meridian: SEC 36 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0578
  • Longitude: -88.2532

    Address

  • Full Address: 307 Wesley Ave
  • Address - House Number: 307
  • Address - Street Name: Wesley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Savoy
  • Carrier Code: R002
  • 4-Digit Zip Code: 9439
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $410,584
  • Tax Rate Code Area: 309

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 270,489
  • High Value: 300,751
  • Low Value: 240,227

    Market Valuation

  • Market Total Value: $175,950
  • Market Land Value: $42,330
  • Market Improvement Value: $133,620

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,650
  • Assessed Land Value: $14,110
  • Assessed Improvements Value: $44,540

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: Jun 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019R08254

    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 Savoy

Stats & Trends

Median Asking:

$384,900

Sale Price/ft²

$179

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2360 ft²

Average Home Age

28.8 years

Currently For Sale

17 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

Unit for rent at 611 Buttercup Drive, Savoy, IL, 61874

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,280 ft²
611 Buttercup Drive, Savoy, IL, 61874 Listing by Creg McDonald

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nicholas Ward, JOEL WARD HOMES, INC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11344569
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 Wesley Avenue built and last sold?
The property at 307 Wesley Avenue was built in and last sold on May 30, 2019 for $182,000.
How much is this home worth?
The estimated value of the home located at 307 Wesley Avenue is $0.
What are some comparable homes to 307 Wesley Avenue?
There are currently no comparable homes to 307 Wesley Avenue.
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