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Champaign 61822 Ashland Park
506 Luria Lane
$230,000
● House - Off Market

506 Luria Lane

Champaign, IL 61822
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,211 Ft²
$1,469
Est. Monthly
$7
HOA / Fees
3.39%
Cap Rate

About This Property

Turn-key, clean and well maintained, this 2 bed, 2 full bath house in desirable Ashland Park subdivision is ready for new owners. The Open Floor plan provides an abundance of natural light and spacious living room with vaulted ceiling. Tall cabinets in the kitchen with island for additional prep space. Large master suite has a large walk in closet and private bath and shower. Double French Doors provide access to the 2nd bedroom. Engineered hardwood flooring throughout the house and updated rocker switches. Backyard is very private a brand new fence. Conveniently located close to the subdivision park, shopping, restaurants & easy access to I-74, I-72 and I-57 and MTD bus line. Great home and great value!
Unit Size
1,211 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$186
Property Type
House
Property Taxes
$357
HOA Dues
$7
Year Built
-

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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.

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: 5,185
  • 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 3
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 3092 ASHLAND PARK PHASE 3

Neighborhood

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

Geography

  • District: 04
  • Parcel: 41-14-36-115-007
  • Lot: 3092
  • Meridian: SEC 36 TWN 20N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1546
  • Longitude: -88.2527

    Address

  • Full Address: 506 Luria Ln
  • Address - House Number: 506
  • Address - Street Name: Luria
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Champaign
  • Carrier Code: R007
  • 4-Digit Zip Code: 1152
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $398,362
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2431
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 65
  • Final Value: 207,377
  • High Value: 257,799
  • Low Value: 156,954

    Market Valuation

  • Market Total Value: $147,960
  • Market Land Value: $35,700
  • Market Improvement Value: $112,260

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,320
  • Assessed Land Value: $11,900
  • Assessed Improvements Value: $37,420

    Sales

  • Current Sale Contract Date: Apr 21, 2023
  • Current Sale Recording Date: May 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5376
  • Previous Sale Recording Date: Apr 10, 2019
  • Previous Sale Contract Date: Apr 03, 2019
  • Previous Sale Amount: $136,000
  • Previous Sale Document Type: 33
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

49

Average Home Size

1244 ft²

Average Home Age

20.2 years

Currently For Sale

5 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: J Leman, eXp Realty-Champaign
Data Source: MRED, MLS# MRD12340115
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 Luria Lane built and last sold?
The property at 506 Luria Lane was built in and last sold on Apr 21, 2023 for $202,000.
How much is this home worth?
The estimated value of the home located at 506 Luria Lane is $0.
What are some comparable homes to 506 Luria Lane?
There are currently no comparable homes to 506 Luria Lane.
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