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Champaign 61840
3203 Greenwood Drive
$276,000
● House - Off Market

3203 Greenwood Drive

Dewey, IL 61840
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,571 Ft²
$1,789
Est. Monthly
$41
HOA / Fees
9.11%
Cap Rate

About This Property

Welcome to lakefront living in this charming 3-bedroom, 2-bathroom ranch-style home nestled in a peaceful country subdivision. Enjoy stunning water views right from your backyard, complete with a private dock and access to a community beach-perfect for relaxing, fishing, or boating.    Step inside to find warm hardwood floors throughout the main level and a spacious finished basement ideal for a home office, craft room, or playroom. The composite deck off the back offers the perfect spot for outdoor entertaining or simply enjoying the serene lake view.    Recent updates include a new roof (2021), professional exterior painting of the house and shed (April 2023), a new sump pump (January 2024), a new dishwasher (August 2025). This home blends comfort, updates, and unbeatable lakefront charm.
Unit Size
1,571 Ft²
Days on Market
-
Land Size
-
Price per sqft
$181
Property Type
House
Property Taxes
$348
HOA Dues
$41
Year Built
1969

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Cap Rate Calculator

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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

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 8
  • Basement Area: 600
  • Garage Type: 1
  • Garage Square Area: 399
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,445
  • Total Building Area: 2,592
  • Gross Building Area: 2,592
  • Building Area: 1,593
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,593
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OUTLOT A GREENWOOD LAKE SUB AND OTHER LA
  • Land Acres: 0000000286
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 19 GREENWOOD LAKE SUB

Neighborhood

  • School District Name: Fisher Community Unit School District 1
  • School Tax School District: 101
  • Census Tract: 010500

Geography

  • District: 10
  • Parcel: 10-02-21-377-010
  • Lot: 19
  • Meridian: SEC 21 TWN 22N RNG 08E
  • Municipality: EAST BEND
  • Latitude: 40.3409
  • Longitude: -88.3012

    Address

  • Full Address: 3203 Greenwood Dr
  • Address - House Number: 3203
  • Address - Street Name: Greenwood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Dewey
  • Carrier Code: R001
  • 4-Digit Zip Code: 9601
  • Zip Code: 61840

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $367,860
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 249,521
  • High Value: 301,901
  • Low Value: 197,141

    Market Valuation

  • Market Total Value: $171,330
  • Market Land Value: $52,920
  • Market Improvement Value: $118,410

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,110
  • Assessed Land Value: $17,640
  • Assessed Improvements Value: $39,470

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 16, 2016
  • Current Sale Recording Date: Sep 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016R18495
  • Previous Sale Recording Date: Aug 28, 2009
  • Previous Sale Contract Date: Aug 14, 2009
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 71

    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 Champaign

Stats & Trends

Median Asking:

$259,000

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1945 ft²

Average Home Age

45.9 years

Currently For Sale

427 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: Laura Heiser, The Real Estate Group,Inc
Data Source: MRED, MLS# MRD12436772
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 3203 Greenwood Drive built and last sold?
The property at 3203 Greenwood Drive was built in 1969 and last sold on Sep 16, 2016 for $193,000.
How much is this home worth?
The estimated value of the home located at 3203 Greenwood Drive is $0.
What are some comparable homes to 3203 Greenwood Drive?
There are currently no comparable homes to 3203 Greenwood Drive.
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