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Champaign 61822 Sawgrass
3801 Tallgrass Drive
$335,000
● House - Off Market

3801 Tallgrass Drive

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,967 Ft²
$333,754
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

This beautiful home is ready for new owners. Plenty of updates to list: New roof in 2021, updated master bathroom, Bamboo flooring on the first floor along with ceramic tile, finished basement with a full bath, bedroom and family room, foam insulation in the attic for extra R value, The garage has plenty of room for extra storage, work space or motorcycle storage, a spacious patio with stone wall and a hidden 10 x 12 storage shed. In the basement there's a family room, 4th bedroom and a full bath. Note: The owner is considered disabled, so there are no real estate taxes while he lives in the home.
Unit Size
1,967 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$170
Property Type
House
Property Taxes
-
HOA Dues
$10
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 #11838832)

Price History

Date / Event Date Event Price
Oct 6, 2023 Sold
Premium
Sold
Aug 1, 2023 Listed by Coldwell Banker R.E. Group $335,000
Listed by Coldwell Banker R.E. Group

Property Highlights

Air Conditioning
Fireplace

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: 8,393
  • 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: SAWGRASS SUB PHASE 1
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 104 SAWGRASS SUB PHASE 1

Neighborhood

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

Geography

  • District: 04
  • Parcel: 41-20-09-115-004
  • Lot: 104
  • Meridian: SEC 09 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1237
  • Longitude: -88.3076

    Address

  • Full Address: 3801 Tallgrass Dr
  • Address - House Number: 3801
  • Address - Street Name: Tallgrass
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R003
  • 4-Digit Zip Code: 2019
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $713,410
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 320,024
  • High Value: 386,257
  • Low Value: 253,791

    Market Valuation

  • Market Total Value: $232,740
  • Market Land Value: $43,560
  • Market Improvement Value: $189,180

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,580
  • Assessed Land Value: $14,520
  • Assessed Improvements Value: $63,060

    Sales

  • Current Sale Contract Date: Oct 02, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14671
  • Previous Sale Recording Date: Jul 31, 2012
  • Previous Sale Contract Date: Jun 21, 2012
  • Previous Sale Amount: $218,000
  • 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 Sawgrass

Stats & Trends

Median Asking:

$293,000

Sale Price/ft²

$179

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1566 ft²

Average Home Age

19.8 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

Currently no nearby rentals
MRED

Listed by: James Waller, Coldwell Banker R.E. Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11838832
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 3801 Tallgrass Drive built and last sold?
The property at 3801 Tallgrass Drive was built in and last sold on Oct 2, 2023 for $335,000.
How much is this home worth?
The estimated value of the home located at 3801 Tallgrass Drive is $337,603.
What are some comparable homes to 3801 Tallgrass Drive?
There are currently no comparable homes to 3801 Tallgrass Drive.
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