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Champaign 61820
507 Hessel Boulevard
$305,000
● House - Off Market

507 Hessel Boulevard

Champaign, IL 61820
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,763 Ft²
$1,970
Est. Monthly
3.59%
Cap Rate

About This Property

Welcome to this charming home on Hessel Blvd! This delightful property features 3 cozy bedrooms, 2 bathrooms, and a separate laundry room for your convenience. The stunning sunroom, complete with skylights, floods the space with natural light, creating a warm and inviting atmosphere you can enjoy all year around. Step outside to the beautifully landscaped backyard, where you'll find a covered porch with a pergola, perfect for outdoor dining or relaxation. The highlight is the incredible inground pool, ideal for cooling off on hot summer days. In a great central location, you have quick access to parks, restaurants, and the U of I college campus. This home is a true oasis, offering comfort and style both inside and out. Check it out for yourself today!
Unit Size
1,763 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1949

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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 #12116405)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Aug 19, 2024 In contract -
In contract
Jul 31, 2024 Listed by KELLER WILLIAMS-TREC $299,900
Listed by KELLER WILLIAMS-TREC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • 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: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 299
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,519
  • Total Building Area: 1,785
  • Building Area: 1,785
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY CLUB MANOR - CHAMPAIGN
  • Land Acres: 0000000264
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 21 BLOCK 7 COUNTRY CLUB MANOR - CHAMPAIGN

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000500

Geography

  • District: 04
  • Parcel: 43-20-13-308-021
  • Block: 7
  • Lot: 21
  • Meridian: SEC 13 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.102
  • Longitude: -88.2516

    Address

  • Full Address: 507 Hessel Blvd
  • Address - House Number: 507
  • Address - Street Name: Hessel
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Champaign
  • Carrier Code: C072
  • 4-Digit Zip Code: 6407
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $557,082
  • Tax Rate Code Area: 4302

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 266,790
  • High Value: 324,088
  • Low Value: 209,492

    Market Valuation

  • Market Total Value: $199,740
  • Market Land Value: $61,080
  • Market Improvement Value: $138,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,580
  • Assessed Land Value: $20,360
  • Assessed Improvements Value: $46,220

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 10, 2017
  • Current Sale Recording Date: Jun 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017R09974
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:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1989 ft²

Average Home Age

42.3 years

Currently For Sale

174 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: Scott Bechtel, KELLER WILLIAMS-TREC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12116405
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 507 Hessel Boulevard built and last sold?
The property at 507 Hessel Boulevard was built in 1949 and last sold on May 10, 2017 for $183,000.
How much is this home worth?
The estimated value of the home located at 507 Hessel Boulevard is $0.
What are some comparable homes to 507 Hessel Boulevard?
There are currently no comparable homes to 507 Hessel Boulevard.
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