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Champaign 61820 Garden Park
407 Fairview Drive
$148,000
● House - Off Market

407 Fairview Drive

Champaign, IL 61820
bedrooms
3 Beds
bathrooms
1 Bath
square feet
880 Ft²
$887
Est. Monthly
9.84%
Cap Rate

About This Property

Pristine home in a quiet location. This 3 bedroom home is move in ready.  New Roof, Siding, Windows, all doors, flooring, bathroom, central AC & heating. Great use of space in this house! Home also offers a fenced in backyard and a detached garage.
Unit Size
880 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
1948

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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 #12140318)

Price History

Date / Event Date Event Price
Sep 27, 2024 Sold
Premium
Sold
Aug 21, 2024 In contract -
In contract
Aug 16, 2024 Listed by Taylor Realty Associates $149,900
Listed by Taylor Realty Associates

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,093
  • Total Building Area: 880
  • Building Area: 880
  • 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: GARDEN PARK ADD 2
  • Land Acres: 0000000186
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 42 GARDEN PARK ADD 2

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000700

Geography

  • District: 04
  • Parcel: 41-20-01-380-009
  • Lot: 42
  • Meridian: SEC 01 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1285
  • Longitude: -88.2486

    Address

  • Full Address: 407 Fairview Dr
  • Address - House Number: 407
  • Address - Street Name: Fairview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C012
  • 4-Digit Zip Code: 2613
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $170,030
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 76,772
  • High Value: 92,679
  • Low Value: 60,865

    Market Valuation

  • Market Total Value: $55,470
  • Market Land Value: $14,280
  • Market Improvement Value: $41,190

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,490
  • Assessed Land Value: $4,760
  • Assessed Improvements Value: $13,730
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 Garden Park

Stats & Trends

Median Asking:

$134,000

Sale Price/ft²

$136

Above Asking

0.00%

Average Days on Market

61

Average Home Size

1061 ft²

Average Home Age

76.4 years

Currently For Sale

0 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: Brian Hannon, Taylor Realty Associates
Last Updated: 3 years ago
Data Source: MRED, MLS# 12140318
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 407 Fairview Drive built and last sold?
The property at 407 Fairview Drive was built in 1948 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 407 Fairview Drive is $151,399.
What are some comparable homes to 407 Fairview Drive?
There are currently no comparable homes to 407 Fairview Drive.
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