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Champaign 61822 Ashland Park
514 Krebs Drive
$360,000
● House - Off Market

514 Krebs Drive

Champaign, IL 61822
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,549 Ft²
$2,565
Est. Monthly
$7
HOA / Fees
9.58%
Cap Rate

About This Property

Located at the popular Ashland Park Subdivision, this well-maintained 2 story house offers 5 spacious bedrooms and 2.5 bathrooms. NO carpets inside the house. Luxury bamboo wood floorings are laying through stairway and all 5 bedrooms. All stainless appliances in the kitchen with a big island and separate dining area. 1st floor living/flex/office room. The new owner will enjoy the outdoors on the covered patio with access through sliding glass doors that over looks the spacious partial fenced back yard. Master suite has private bath with dual sinks and large walk in closet. Ceiling fans have been added to all the bedrooms. Built with 2x6 exterior walls with blown-in insulation for maximum savings. Close to the park and shopping center.
Unit Size
2,549 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
House
Property Taxes
$741
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.

Last updated: 2 years ago (MRED MLS #12187303)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Jan 19, 2025 In contract -
In contract
Jan 10, 2025 Price Decreased $369,900
↓ $30K (7.5%)
Price Decreased
Oct 14, 2024 Listed by KELLER WILLIAMS-TREC $399,900
Listed by KELLER WILLIAMS-TREC
Jul 15, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage

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: 5,184
  • 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 2
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2134 ASHLAND PARK PHASE 2

Neighborhood

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

Geography

  • District: 04
  • Parcel: 41-14-36-116-003
  • Lot: 2134
  • Meridian: SEC 36 TWN 20N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1539
  • Longitude: -88.2533

    Address

  • Full Address: 514 Krebs Dr
  • Address - House Number: 514
  • Address - Street Name: Krebs
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: R007
  • 4-Digit Zip Code: 1136
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $832,312
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 362,200
  • High Value: 437,162
  • Low Value: 287,239

    Market Valuation

  • Market Total Value: $289,530
  • Market Land Value: $41,640
  • Market Improvement Value: $247,890

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,510
  • Assessed Land Value: $13,880
  • Assessed Improvements Value: $82,630

    Sales

  • Current Sale Contract Date: Jun 17, 2020
  • Current Sale Recording Date: Jul 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R14087
  • Previous Sale Recording Date: Mar 23, 2016
  • Previous Sale Contract Date: Mar 16, 2016
  • Previous Sale Amount: $249,500
  • 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 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: Sherry Qiang, KELLER WILLIAMS-TREC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12187303
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 514 Krebs Drive built and last sold?
The property at 514 Krebs Drive was built in and last sold on Jun 17, 2020 for $265,000.
How much is this home worth?
The estimated value of the home located at 514 Krebs Drive is $0.
What are some comparable homes to 514 Krebs Drive?
There are currently no comparable homes to 514 Krebs Drive.
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