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Champaign 61822 Ashland Park
508 Luria Lane
$269,000
● House - Off Market

508 Luria Lane

Champaign, IL 61822
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,506 Ft²
$1,689
Est. Monthly
$7
HOA / Fees
6.41%
Cap Rate

About This Property

This is the one you are waiting for move-in. Located in Ashland Park. Cute 3 bedroom, 2 and a half bathroom with Vaulted ceiling. Open concept kitchen with a center island, granite countertops. Large double Pantry area, Convenient 2nd floor laundry.   Convenience meets comfort with a half bath on the main floor, while upstairs, the master bedroom offers a private en suite bath for your retreat. Two additional bedrooms share a full bath in the hallway, making this home ideal for families or guests.  Step outside to a fully fenced backyard with privacy vinyl fencing, and plenty of room to relax or entertain. A spacious two-car garage completes this wonderful home.
Unit Size
1,506 Ft²
Days on Market
-
Land Size
-
Price per sqft
$171
Property Type
House
Property Taxes
$415
HOA Dues
$7
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.

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 3091 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: 41-14-36-115-006
  • Lot: 3091
  • Meridian: SEC 36 TWN 20N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1546
  • Longitude: -88.2528

    Address

  • Full Address: 508 Luria Ln
  • Address - House Number: 508
  • 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: $464,112
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 248,994
  • High Value: 300,527
  • Low Value: 197,462

    Market Valuation

  • Market Total Value: $169,410
  • Market Land Value: $35,700
  • Market Improvement Value: $133,710

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,470
  • Assessed Land Value: $11,900
  • Assessed Improvements Value: $44,570

    Sales

  • Current Sale Contract Date: Mar 29, 2018
  • Current Sale Recording Date: Apr 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018R04794
  • Previous Sale Recording Date: Dec 16, 2016
  • Previous Sale Contract Date: Oct 03, 2016
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

$182

Below Asking

0.01%

Average Days on Market

46

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: Wanli Zhang, Trautman Real Estate Agency & Appraisal LLC
Data Source: MRED, MLS# MRD12304802
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 508 Luria Lane built and last sold?
The property at 508 Luria Lane was built in and last sold on Mar 29, 2018 for $174,500.
How much is this home worth?
The estimated value of the home located at 508 Luria Lane is $0.
What are some comparable homes to 508 Luria Lane?
There are currently no comparable homes to 508 Luria Lane.
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