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Mahomet 61853
703 Oda Drive
$250,000
● House - Off Market

703 Oda Drive

Mahomet, IL 61853
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,407 Ft²
$1,636
Est. Monthly
13.40%
Cap Rate

About This Property

This beautifully updated Cape Cod style home offers the perfect blend of classic charm and modern convenience. Featuring 4 spacious bedrooms and 2 full bathrooms, this home is perfect for someone looking to move right in. The attached 2-car garage provides ample storage and easy access. Recent upgrades include new siding, roof, gutters, and garage door, ensuring years of maintenance-free living. Inside, you'll find wood laminate flooring throughout, adding warmth and character to the entire home. Conveniently located within walking distance to local parks and schools, this home offers the ideal combination of accessibility and tranquility. Move-in ready and waiting for you to make it your own-don't miss out on this fantastic opportunity!
Unit Size
1,407 Ft²
Days on Market
-
Land Size
-
Price per sqft
$178
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1981

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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

  • Year Built: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 150
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,194
  • Total Building Area: 912
  • Building Area: 912
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERVIEW SUB, 10TH PLAT
  • Land Acres: 0000000532
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 99 TIMBERVIEW SUB, 10TH PLAT

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010601

Geography

  • District: 15
  • Parcel: 15-13-16-177-025
  • Lot: 99
  • Meridian: SEC 16 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.1967
  • Longitude: -88.4182

    Address

  • Full Address: 703 Oda Dr
  • Address - House Number: 703
  • Address - Street Name: Oda
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R004
  • 4-Digit Zip Code: 9133
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $455,816
  • Tax Rate Code Area: 1502

    Appraisal Valuation

  • Standard Deviation: 0.2225
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 222,847
  • High Value: 272,445
  • Low Value: 173,248

    Market Valuation

  • Market Total Value: $170,850
  • Market Land Value: $38,400
  • Market Improvement Value: $132,450

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,950
  • Assessed Land Value: $12,800
  • Assessed Improvements Value: $44,150

    Sales

  • Current Sale Contract Date: Sep 25, 2017
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R11866
  • Previous Sale Recording Date: Apr 01, 2004
  • Previous Sale Contract Date: Mar 26, 2004
  • Previous Sale Amount: $123,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Mahomet

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$196

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2332 ft²

Average Home Age

25.9 years

Currently For Sale

38 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: Bill Craig, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12304379
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 703 Oda Drive built and last sold?
The property at 703 Oda Drive was built in 1981 and last sold on Sep 25, 2017 for $138,000.
How much is this home worth?
The estimated value of the home located at 703 Oda Drive is $254,389.
What are some comparable homes to 703 Oda Drive?
There are currently no comparable homes to 703 Oda Drive.
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