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Savoy 61874
503 Wesley Avenue
$370,000
● House - Off Market

503 Wesley Avenue

Savoy, IL 61874
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,832 Ft²
$2,407
Est. Monthly
$9
HOA / Fees
3.90%
Cap Rate

About This Property

Looking to downsize into a ranch style home but prefer not to sacrifice storage and entertaining space? This home has a full finished basement with plenty of unfinished space for storage as well.  The first or main floor has 3 bedrooms and the basement has 2 bedrooms. So much space! Situated on a corner lot, the fenced in yard is beautiful. Side entry garage. Screened in porch. Roof-2020. Furnace-2023. Savoy taxes.
Unit Size
1,832 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$199
Property Type
House
Property Taxes
$605
HOA Dues
$9
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: 2 years ago (MRED MLS #12181872)

Price History

Date / Event Date Event Price
Feb 7, 2025 Sold
Premium
Sold
Dec 15, 2024 In contract -
In contract
Dec 12, 2024 Listed by Coldwell Banker R.E. Group $365,000
Listed by Coldwell Banker R.E. Group

Property Highlights

Fireplace

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
  • Living Units: 1
  • 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: 13,214
  • 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: ARBOUR MEADOWS SUB NO 6
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 640 ARBOUR MEADOWS SUB NO 6

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 03
  • Parcel: 03-20-36-303-004
  • Lot: 640
  • Meridian: SEC 36 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0601
  • Longitude: -88.2548

    Address

  • Full Address: 503 Wesley Ave
  • Address - House Number: 503
  • Address - Street Name: Wesley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Savoy
  • Carrier Code: R002
  • 4-Digit Zip Code: 9438
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $688,752
  • Tax Rate Code Area: 309

    Appraisal Valuation

  • Standard Deviation: 0.2031
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 357,748
  • High Value: 430,409
  • Low Value: 285,086

    Market Valuation

  • Market Total Value: $297,960
  • Market Land Value: $62,070
  • Market Improvement Value: $235,890

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,320
  • Assessed Land Value: $20,690
  • Assessed Improvements Value: $78,630

    Sales

  • Current Sale Contract Date: Oct 09, 2008
  • Current Sale Recording Date: Oct 16, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008R26545
  • Previous Sale Recording Date: Sep 30, 2005
  • Previous Sale Contract Date: Sep 29, 2005
  • Previous Sale Amount: $203,000
  • 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 Savoy

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$183

Below Asking

0.01%

Average Days on Market

69

Average Home Size

2235 ft²

Average Home Age

28.3 years

Currently For Sale

20 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: Jeffrey Finke, Coldwell Banker R.E. Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12181872
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 Wesley Avenue built and last sold?
The property at 503 Wesley Avenue was built in and last sold on Oct 9, 2008 for $212,000.
How much is this home worth?
The estimated value of the home located at 503 Wesley Avenue is $0.
What are some comparable homes to 503 Wesley Avenue?
There are currently no comparable homes to 503 Wesley Avenue.
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