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Champaign 61822
3129 Palmer Drive
$359,900
● House - Off Market

3129 Palmer Drive

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,776 Ft²
$370,613
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

New Construction on Premium Golf Course site with Lake views. 1st Floor Master Bedroom Suite, custom Tile Shower, Large Walk-in Closet. 2 Story Great Room. 1st Floor Laundry plus Popular "Drop Zone". Maintenance-free Vinyl & Stone Exterior. 4 Bedrooms, 3.5 Baths. Full Finished basement.  Energy-Efficient items include Hi-Eff Furnace, Water Heater, Low-E Pella Windows, 2x6" ext walls R21, Energy Star appliances, Air-Sealed building envelope,  R49 Ceiling Insulation & Programmable Thermostat.
Unit Size
1,776 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$203
Property Type
House
Property Taxes
$1
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 #11321234)

Price History

Date / Event Date Event Price
Mar 11, 2022 Sold
Premium
Sold
Feb 8, 2022 Listed by Champaign County Realty $359,900
Listed by Champaign County Realty

Property Highlights

Garage
Air Conditioning
Parking Available

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: 4,859
  • 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: THE LEGENDS OF CHAMPAIGN PHASE 1
  • Land Acres: 0000000112
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 123A THE LEGENDS OF CHAMPAIGN PHASE 1

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001205

Geography

  • District: 04
  • Parcel: 46-20-29-426-015
  • Lot: 123A
  • Meridian: SEC 29 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0742
  • Longitude: -88.3183

    Address

  • Full Address: 3129 Palmer Dr
  • Address - House Number: 3129
  • Address - Street Name: Palmer
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R019
  • 4-Digit Zip Code: 1366
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $609,460
  • Tax Rate Code Area: 4602

    Appraisal Valuation

  • Standard Deviation: 0.204
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 375,596
  • High Value: 452,229
  • Low Value: 298,962

    Market Valuation

  • Market Total Value: $244,380
  • Market Land Value: $36,780
  • Market Improvement Value: $207,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,460
  • Assessed Land Value: $12,260
  • Assessed Improvements Value: $69,200

    Sales

  • Current Sale Contract Date: Mar 21, 2022
  • Current Sale Recording Date: Mar 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5389
  • Previous Sale Recording Date: Jul 06, 2021
  • Previous Sale Contract Date: Jul 02, 2021
  • Previous Sale Amount: $17,500
  • 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 Champaign

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1985 ft²

Average Home Age

43.8 years

Currently For Sale

170 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# 11321234
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 3129 Palmer Drive built and last sold?
The property at 3129 Palmer Drive was built in and last sold on Mar 21, 2022 for $360,000.
How much is this home worth?
The estimated value of the home located at 3129 Palmer Drive is $0.
What are some comparable homes to 3129 Palmer Drive?
There are currently no comparable homes to 3129 Palmer Drive.
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