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Champaign 61802
6701 N East Arrowhead Drive
$240,000
● House - Off Market

6701 N East Arrowhead Drive

Urbana, IL 61802
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,706 Ft²
$258,478
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Beautiful sprawling ranch with a fenced in back yard, deck, and an amazing "She Shed", kitchen has Corian countertops, Sub Zero Refrigerator, a bread warmer, lights in the cabinets, double sided fireplace, four large bedrooms, 2  1/2 car attached garage, Guardian Generator, this is a well built home on a large corner lot, needs a little updating to make it your own, priced accordingly, come check it out today!
Unit Size
2,706 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$92
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1978

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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: 3 years ago (MRED MLS #11457829)

Price History

Date / Event Date Event Price
Aug 17, 2022 Sold
Premium
Sold
Jul 9, 2022 Listed by The Real Estate Group,Inc $250,000
Listed by The Real Estate Group,Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 2,343
  • Garage Type: 1
  • Garage Square Area: 1,270
  • Parking Space Count: 5
  • Patio Type: 79
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,457
  • Total Building Area: 5,956
  • Gross Building Area: 6,109
  • Building Area: 2,343
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,343
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH ARROWHEAD 2ND SUB
  • Land Acres: 0000000584
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 11 NORTH ARROWHEAD 2ND SUB

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 010604

Geography

  • District: 25
  • Parcel: 25-15-16-401-010
  • Lot: 11
  • Meridian: SEC 16 TWN 20N RNG 09E
  • Municipality: SOMER
  • Latitude: 40.1896
  • Longitude: -88.1907

    Address

  • Full Address: 6701 N East Arrowhead Dr
  • Address - House Number: 6701
  • Street Direction: N
  • Address - Street Name: East Arrowhead
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: R001
  • 4-Digit Zip Code: 9723
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $728,918
  • Tax Rate Code Area: 2508

    Appraisal Valuation

  • Standard Deviation: 0.2682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 284,185
  • High Value: 360,424
  • Low Value: 207,946

    Market Valuation

  • Market Total Value: $269,400
  • Market Land Value: $51,570
  • Market Improvement Value: $217,830

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $89,800
  • Assessed Land Value: $17,190
  • Assessed Improvements Value: $72,610

    Sales

  • Current Sale Contract Date: Aug 17, 2022
  • Current Sale Recording Date: Aug 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15477
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:

$254,900

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1969 ft²

Average Home Age

44.9 years

Currently For Sale

432 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: Carol Meinhart, The Real Estate Group,Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11457829
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 6701 Northeast Arrowhead Drive built and last sold?
The property at 6701 Northeast Arrowhead Drive was built in 1978 and last sold on Aug 17, 2022 for $160,000.
How much is this home worth?
The estimated value of the home located at 6701 Northeast Arrowhead Drive is $0.
What are some comparable homes to 6701 Northeast Arrowhead Drive?
There are currently no comparable homes to 6701 Northeast Arrowhead Drive.
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