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Champaign 61821
503 BONNYMEADE Drive
$139,900
● House - Off Market

503 BONNYMEADE Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
912 Ft²
$887
Est. Monthly
9.87%
Cap Rate

About This Property

Don't miss this wonderful starter home or investment opportunity! Move in ready, 3BD/1BA ranch on a peaceful cul-de-sac. This home offers a living room, eat-in kitchen with laundry closet, plus three bedrooms and one full bath. You'll love the spacious fenced backyard with patio, surrounded by mature trees. Conveniently located near Parkland College, Prairie Gardens, Carle at the Fields, I57/I72, shopping, restaurants and more! Roof 2018, Furnace and WH 2017, new flooring throughout 2018 and fresh paint 2024. Home has been pre-inspected for your convenience.
Unit Size
912 Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
1970

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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 #12073689)

Price History

Date / Event Date Event Price
Jul 24, 2024 Sold
Premium
Sold
Jun 29, 2024 In contract -
In contract
Jun 25, 2024 Listed by KELLER WILLIAMS-TREC $139,900
Listed by KELLER WILLIAMS-TREC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,073
  • Total Building Area: 925
  • Building Area: 925
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLERS RIDGEWOOD 2ND SUB AND OTHER LAND
  • Land Acres: 0000000208
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 103 WELLERS RIDGEWOOD 2ND SUB AND OTHER LAND

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001201

Geography

  • District: 04
  • Parcel: 44-20-16-203-001
  • Lot: 103
  • Meridian: SEC 16 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1124
  • Longitude: -88.3042

    Address

  • Full Address: 503 Bonnymeade Dr
  • Address - House Number: 503
  • Address - Street Name: Bonnymeade
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C066
  • 4-Digit Zip Code: 3490
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $224,838
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 102,354
  • High Value: 128,555
  • Low Value: 76,154

    Market Valuation

  • Market Total Value: $73,350
  • Market Land Value: $21,840
  • Market Improvement Value: $51,510

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,450
  • Assessed Land Value: $7,280
  • Assessed Improvements Value: $17,170

    Sales

  • Current Sale Contract Date: Mar 29, 2016
  • Current Sale Recording Date: Aug 31, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016R16978
  • Previous Sale Recording Date: Jan 03, 2011
  • Previous Sale Contract Date: Dec 21, 2010
  • Previous Sale Amount: $58,000
  • 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:

$249,900

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1968 ft²

Average Home Age

44.7 years

Currently For Sale

165 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

Rentals Near You

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MRED

Listed by: Katie Ruthstrom, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12073689
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 503 Bonnymeade Drive built and last sold?
The property at 503 Bonnymeade Drive was built in 1970 and last sold on Mar 29, 2016 for $65,000.
How much is this home worth?
The estimated value of the home located at 503 Bonnymeade Drive is $142,040.
What are some comparable homes to 503 Bonnymeade Drive?
There are currently no comparable homes to 503 Bonnymeade Drive.
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