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Champaign 61853
506 Hillside Drive
$290,000
● House - Off Market

506 Hillside Drive

Mahomet, IL 61853
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,016 Ft²
$1,863
Est. Monthly
11.20%
Cap Rate

About This Property

Welcome to 506 Hillside, a beautifully updated four-bedroom, two-bathroom home on a generous .6-acre corner lot in Mahomet. This home features a bright, spacious 19x24 living room with new carpeting, perfect for entertainment. The updated kitchen is equipped with stainless steel appliances and ample storage. All four bedrooms offer ample closet space, and the two full bathrooms have been tastefully remodeled. You'll find an attached two-car garage and an oversized, heated and cooled detached garage, ideal for storage or projects. The large, fully fenced backyard surrounded by mature trees provides a private and peaceful retreat.  Be sure to view the 3D virtual tour, and schedule your in-person showing today!
Unit Size
2,016 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$149
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1976

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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: 2 years ago (MRED MLS #12136061)

Price History

Date / Event Date Event Price
Jan 3, 2025 Sold
Premium
Sold
Nov 22, 2024 In contract -
In contract
Nov 5, 2024 Price Decreased $299,900
↓ $10K (3.3%)
Price Decreased
Oct 11, 2024 Listed by KELLER WILLIAMS-TREC $310,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,226
  • Total Building Area: 1,248
  • Building Area: 1,248
  • 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: WESTERN HILLS 2ND SUB MAHOMET
  • Land Acres: 0000000602
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 28 WESTERN HILLS 2ND SUB MAHOMET

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010601

Geography

  • District: 15
  • Parcel: 15-13-09-379-007
  • Lot: 28
  • Meridian: SEC 09 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.2015
  • Longitude: -88.4213

    Address

  • Full Address: 506 Hillside Dr
  • Address - House Number: 506
  • Address - Street Name: Hillside
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R004
  • 4-Digit Zip Code: 9013
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $432,306
  • Tax Rate Code Area: 1501

    Appraisal Valuation

  • Standard Deviation: 0.2036
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 293,261
  • High Value: 352,993
  • Low Value: 233,528

    Market Valuation

  • Market Total Value: $198,780
  • Market Land Value: $38,400
  • Market Improvement Value: $160,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,260
  • Assessed Land Value: $12,800
  • Assessed Improvements Value: $53,460

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 03, 2020
  • Current Sale Recording Date: Aug 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R15234
  • Previous Sale Recording Date: Jun 03, 2008
  • Previous Sale Contract Date: May 30, 2008
  • Previous Sale Amount: $150,000
  • 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:

$258,250

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1944 ft²

Average Home Age

46.1 years

Currently For Sale

430 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: Joe Zalabak, KELLER WILLIAMS-TREC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12136061
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 506 Hillside Drive built and last sold?
The property at 506 Hillside Drive was built in 1976 and last sold on Aug 3, 2020 for $235,000.
How much is this home worth?
The estimated value of the home located at 506 Hillside Drive is $305,351.
What are some comparable homes to 506 Hillside Drive?
There are currently no comparable homes to 506 Hillside Drive.
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