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Champaign 61822
4620 Copper Ridge Road
$278,000
● House - Off Market

4620 Copper Ridge Road

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,520 Ft²
$1,992
Est. Monthly
$6
HOA / Fees
5.02%
Cap Rate

About This Property

Beautifully maintained 3BR/2.5BA zero-lot home in sought-after Ironwood West! This thoughtfully designed floor plan features a spacious living room, open dining area, and a modern kitchen with granite countertops and stainless steel appliances. The main level also includes a convenient laundry area and half bath. Upstairs, you'll find a generous primary suite, two additional bedrooms, a full bath, and a cozy loft-ideal for a reading nook or home office. The unfinished basement and attached 2-car garage offer excellent storage and future expansion possibilities. Tucked away on a quiet cul-de-sac for added privacy!
Unit Size
1,520 Ft²
Days on Market
-
Land Size
-
Price per sqft
$191
Property Type
House
Property Taxes
$562
HOA Dues
$6
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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • 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: 4,139
  • 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: IRONWOOD WEST II SUB, REPLAT
  • Land Acres: 0000000095
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 207A IRONWOOD WEST II SUB, REPLAT

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001205

Geography

  • District: 04
  • Parcel: 45-20-20-475-030
  • Lot: 207A
  • Meridian: SEC 20 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.085
  • Longitude: -88.3226

    Address

  • Full Address: 4620 Copper Ridge Rd
  • Address - House Number: 4620
  • Address - Street Name: Copper Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Champaign
  • Carrier Code: R015
  • 4-Digit Zip Code: 8711
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $597,544
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2158
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 265,315
  • High Value: 322,594
  • Low Value: 208,036

    Market Valuation

  • Market Total Value: $194,940
  • Market Land Value: $26,250
  • Market Improvement Value: $168,690

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,980
  • Assessed Land Value: $8,750
  • Assessed Improvements Value: $56,230

    Sales

  • Current Sale Contract Date: Jun 15, 2018
  • Current Sale Recording Date: Jun 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2018R10040
  • Previous Sale Recording Date: Jun 20, 2003
  • Previous Sale Contract Date: Jun 05, 2003
  • Previous Sale Amount: $157,500
  • Previous Sale Document Type: 20
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

1989 ft²

Average Home Age

42.3 years

Currently For Sale

174 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: Creg McDonald, Realty Select One
Data Source: MRED, MLS# MRD12362639
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 4620 Copper Ridge Road built and last sold?
The property at 4620 Copper Ridge Road was built in and last sold on Jun 15, 2018 for $173,500.
How much is this home worth?
The estimated value of the home located at 4620 Copper Ridge Road is $0.
What are some comparable homes to 4620 Copper Ridge Road?
There are currently no comparable homes to 4620 Copper Ridge Road.
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