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Champaign 61822 West End Lake
3402 Edward Hoffman Drive
$200,000
● House - Off Market

3402 Edward Hoffman Drive

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,431 Ft²
$197,159
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Adorable and move in ready home.  Features a front living room with fireplace, open to dinging area.   Nice eat-in-kitchen with all appliances included (current Fridge is being changed out for top freezer).  There are 3 bedrooms and 2 full baths.  One is a bedroom suite.   Laundry room, washer and dryer not included.   2 car attached garage.   New roof and gutters in 2020.  Freshly painted throughout with newer ceiling fans and lighting in most rooms.
Unit Size
1,431 Ft²
Days on Market
-
Land Size
-
Price per sqft
$136
Property Type
House
Property Taxes
$361
HOA Dues
$4
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MRED MLS #11335075)

Price History

Date / Event Date Event Price
Jun 30, 2022 Sold
Premium
Sold
Mar 12, 2022 Listed by Coldwell Banker R.E. Group $194,900
Listed by Coldwell Banker R.E. Group

Property Highlights

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: 9,731
  • 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: TIMBERLINE VALLEY SOUTH SUB NO 2
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 248 TIMBERLINE VALLEY SOUTH SUB NO 2

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000902

Geography

  • District: 04
  • Parcel: 41-20-09-228-066
  • Lot: 248
  • Meridian: SEC 09 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1272
  • Longitude: -88.3022

    Address

  • Full Address: 3402 Edward Hoffman Dr
  • Address - House Number: 3402
  • Address - Street Name: Edward Hoffman
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R011
  • 4-Digit Zip Code: 1804
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $464,204
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 230,860
  • High Value: 278,640
  • Low Value: 183,081

    Market Valuation

  • Market Total Value: $169,440
  • Market Land Value: $37,020
  • Market Improvement Value: $132,420

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,480
  • Assessed Land Value: $12,340
  • Assessed Improvements Value: $44,140

    Sales

  • Current Sale Contract Date: Jun 29, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11957
  • Previous Sale Recording Date: Mar 06, 2018
  • Previous Sale Contract Date: Feb 28, 2018
  • Previous Sale Amount: $165,000
  • 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 West End Lake

Stats & Trends

Median Asking:

$262,450

Sale Price/ft²

$165

Below Asking

0.02%

Average Days on Market

45

Average Home Size

1655 ft²

Average Home Age

30.5 years

Currently For Sale

4 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: Stefanie Pratt, Coldwell Banker R.E. Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11335075
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 3402 Edward Hoffman Drive built and last sold?
The property at 3402 Edward Hoffman Drive was built in and last sold on Jun 29, 2022 for $200,000.
How much is this home worth?
The estimated value of the home located at 3402 Edward Hoffman Drive is $0.
What are some comparable homes to 3402 Edward Hoffman Drive?
There are currently no comparable homes to 3402 Edward Hoffman Drive.
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