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Champaign 61822
5008 Abbey Fields Drive
$75,000
● Land - Off Market

5008 Abbey Fields Drive

Champaign, IL 61822
bedrooms
Studio
bathrooms
0 Bath
$77,232
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Looking to build your dream home in a luxurious subdivision in Champaign? This is the perfect subdivision for you! The Jacob's Landing subdivision is situated in close proximity to the amenities and job opportunities that the CU community offers. Jacob's Landing is zoned for single-family homes, hosts paved pathways for walking and biking, and has a community fishing pond. Enjoy a Champaign address while being within the Mahomet-Seymour school district, and right next door to the future site of Judah Christian Elementary-12th grade school complex. Jacob's Landing also offers easy access to the new Carle at the Fields, interstates, and shopping and dining centers. Jacob's Landing is now available to the builder of your choice. Do not hesitate to secure your lot!
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2
HOA Dues
-
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 #11220243)

Price History

Date / Event Date Event Price
Mar 4, 2022 Sold
Premium
Sold
Sep 15, 2021 Listed by KELLER WILLIAMS-TREC $75,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

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: 9,124
  • 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: V
  • Subdivision: JACOBS LANDING SUB
  • Land Acres: 0000000209
  • Standard Land Use Code: 8010
  • County Land Use Code: 0032
  • Legal Description 1: LOT 122 JACOBS LANDING SUB

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 001205

Geography

  • District: 04
  • Parcel: 44-20-17-358-010
  • Lot: 122
  • Meridian: SEC 17 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1006
  • Longitude: -88.3301

    Address

  • Full Address: 5008 Abbey Fields Dr
  • Address - House Number: 5008
  • Address - Street Name: Abbey Fields
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R017
  • 4-Digit Zip Code: 3359
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,776
  • Tax Rate Code Area: 4422

    Market Valuation

  • Market Total Value: $960
  • Market Land Value: $960

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $320
  • Assessed Land Value: $320

    Sales

  • Current Sale Contract Date: Mar 02, 2023
  • Current Sale Recording Date: Mar 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2804
  • Previous Sale Recording Date: Mar 09, 2022
  • Previous Sale Contract Date: Feb 28, 2022
  • Previous Sale Amount: $75,000
  • 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 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

Unit for rent at 3922 Wild Flower Drive, Champaign, IL, 61822

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
3922 Wild Flower Drive, Champaign, IL, 61822 Listing by Hazem Jaber

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Barbara Gallivan, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11220243
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 5008 Abbey Fields Drive built and last sold?
The property at 5008 Abbey Fields Drive was built in and last sold on Mar 2, 2023 for $433,500.
How much is this home worth?
The estimated value of the home located at 5008 Abbey Fields Drive is $0.
What are some comparable homes to 5008 Abbey Fields Drive?
There are currently no comparable homes to 5008 Abbey Fields Drive.
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