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Champaign 61822
3214 Stanley Lane
$360,290
● House - Off Market

3214 Stanley Lane

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,132 Ft²
$2,425
Est. Monthly
$7
HOA / Fees
2.49%
Cap Rate

About This Property

Welcome home!!  The open floor plan and front flex room provide a lot of flexibility for various needs, whether it's a home office, playroom, or dining space. The kitchen's large island is a perfect spot for both cooking and casual dining, especially with the granite counters and stainless steel appliances. The master suite with the jetted tub and dual sinks makes this a relaxing retreat. Second floor also features a bonus room as a family  room gives even more versatility to the space.  You will love the covered back porch sounds like a great place to unwind, fenced yard and one of the best highlights of this location is the quite back open space overlooking countless sunrises.  You won't want to miss this one!
Unit Size
2,132 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$174
Property Type
House
Property Taxes
$601
HOA Dues
$7
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.

Property Highlights

Air Conditioning
Garage

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: 5,700
  • 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: ASHLAND PARK PHASE 3
  • Land Acres: 0000000131
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 3029 ASHLAND PARK PHASE 3

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000800

Geography

  • District: 04
  • Parcel: 41-14-36-101-075
  • Lot: 3029
  • Meridian: SEC 36 TWN 20N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1542
  • Longitude: -88.2495

    Address

  • Full Address: 3214 Stanley Ln
  • Address - House Number: 3214
  • Address - Street Name: Stanley
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: R007
  • 4-Digit Zip Code: 1149
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $674,604
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 316,366
  • High Value: 381,841
  • Low Value: 250,890

    Market Valuation

  • Market Total Value: $238,080
  • Market Land Value: $40,830
  • Market Improvement Value: $197,250

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,360
  • Assessed Land Value: $13,610
  • Assessed Improvements Value: $65,750

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 06, 2018
  • Current Sale Recording Date: Dec 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018R21346
  • Previous Sale Recording Date: Nov 21, 2012
  • Previous Sale Contract Date: Nov 19, 2012
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1973 ft²

Average Home Age

42.6 years

Currently For Sale

179 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: Kimberly Krisman-Clark, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12282276
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 3214 Stanley Lane built and last sold?
The property at 3214 Stanley Lane was built in and last sold on Nov 6, 2018 for $234,000.
How much is this home worth?
The estimated value of the home located at 3214 Stanley Lane is $0.
What are some comparable homes to 3214 Stanley Lane?
There are currently no comparable homes to 3214 Stanley Lane.
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