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Champaign 61821
3308 RIDGEWOOD Drive
$165,000
● House - Off Market

3308 RIDGEWOOD Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
903 Ft²
$994
Est. Monthly
9.03%
Cap Rate

About This Property

So Much To Appreciate Here. Just Move In & Enjoy! New In 2024 - Furnace, Central Air, Water Heater, Appliances, Cabinets, Countertops, Luxury Vinyl Plank Flooring, Carpet, Paint, Epoxy Garage Floor, Vinyl Siding, Roof, Light Fixtures/Fans, Doors, Hardware, Electrical, And More. Spacious Front Patio, Fenced Backyard On A Corner Lot. Convenient to Shopping, Grocery, And The Neighborhood Park. Great Value!
Unit Size
903 Ft²
Days on Market
-
Land Size
-
Price per sqft
$183
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1970

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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 #12076782)

Price History

Date / Event Date Event Price
Jul 1, 2024 Sold
Premium
Sold
Jun 15, 2024 In contract -
In contract
Jun 6, 2024 Listed by Coldwell Banker R.E. Group $165,000
Listed by Coldwell Banker R.E. Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,928
  • Total Building Area: 903
  • Building Area: 903
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLERS RIDGEWOOD 2ND SUB AND OTHER LAND
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 87 WELLERS RIDGEWOOD 2ND SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001201

Geography

  • District: 04
  • Parcel: 44-20-16-201-016
  • Lot: 87
  • Meridian: SEC 16 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1121
  • Longitude: -88.3016

    Address

  • Full Address: 3308 Ridgewood Dr
  • Address - House Number: 3308
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C066
  • 4-Digit Zip Code: 3463
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $203,044
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.2534
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 64
  • Final Value: 122,514
  • High Value: 153,560
  • Low Value: 91,468

    Market Valuation

  • Market Total Value: $84,240
  • Market Land Value: $21,420
  • Market Improvement Value: $62,820

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,080
  • Assessed Land Value: $7,140
  • Assessed Improvements Value: $20,940

    Sales

  • Current Sale Contract Date: Mar 19, 2024
  • Current Sale Recording Date: Mar 20, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3382
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

2000 ft²

Average Home Age

42.1 years

Currently For Sale

175 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

Rentals Near You

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MRED

Listed by: Deana Gauze, Coldwell Banker R.E. Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12076782
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 3308 Ridgewood Drive built and last sold?
The property at 3308 Ridgewood Drive was built in 1970 and last sold on Mar 19, 2024 for $53,000.
How much is this home worth?
The estimated value of the home located at 3308 Ridgewood Drive is $165,874.
What are some comparable homes to 3308 Ridgewood Drive?
There are currently no comparable homes to 3308 Ridgewood Drive.
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