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Champaign 61822 Ashland Park
503 COREY Lane
$155,000
● House - Off Market

503 COREY Lane

Champaign, IL 61822
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$165,830
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

A rare find in this market, a perfectly sized ranch home in a highly desirable Ashland Park subdivision. The home includes 2 bedrooms with a master suite featuring a full private bath, walk in closet and vaulted ceilings. The second bedroom enjoys natural light from the front of the home making it an ideal place for a home office or guest bedroom. A fully fenced back yard is perfect for privacy and entertainment. Location, location, location near shopping, parks, bus lines and restaurants. These don't last long. Make your appointment today!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$145
Property Type
House
Property Taxes
$263
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 #11132834)

Price History

Date / Event Date Event Price
Aug 20, 2021 Sold
Premium
Sold
Jul 1, 2021 Listed by eXp Realty,LLC-Maho $144,900
Listed by eXp Realty,LLC-Maho

Property Highlights

Garage
Air Conditioning

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: 5,356
  • 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: ASHLAND PARK PHASE 1
  • Land Acres: 0000000123
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 1093 ASHLAND PARK PHASE 1

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000800

Geography

  • District: 04
  • Parcel: 41-14-36-106-003
  • Lot: 1093
  • Meridian: SEC 36 TWN 20N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1511
  • Longitude: -88.2528

    Address

  • Full Address: 503 Corey Ln
  • Address - House Number: 503
  • Address - Street Name: Corey
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: R007
  • 4-Digit Zip Code: 1048
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $347,602
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2594
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 182,191
  • High Value: 229,454
  • Low Value: 134,929

    Market Valuation

  • Market Total Value: $131,400
  • Market Land Value: $35,700
  • Market Improvement Value: $95,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,800
  • Assessed Land Value: $11,900
  • Assessed Improvements Value: $31,900

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R20557
  • Previous Sale Recording Date: Apr 15, 2016
  • Previous Sale Contract Date: Apr 14, 2016
  • Previous Sale Amount: $115,000
  • 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 Ashland Park

Stats & Trends

Median Asking:

$235,000

Sale Price/ft²

$183

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1248 ft²

Average Home Age

20.3 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

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MRED

Listed by: Nate Evans, eXp Realty,LLC-Maho
Last Updated: 3 years ago
Data Source: MRED, MLS# 11132834
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 Corey Lane built and last sold?
The property at 503 Corey Lane was built in and last sold on Aug 20, 2021 for $155,000.
How much is this home worth?
The estimated value of the home located at 503 Corey Lane is $0.
What are some comparable homes to 503 Corey Lane?
There are currently no comparable homes to 503 Corey Lane.
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