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Savoy 61874
706 Pheasant Lane
$283,500
● House - Off Market

706 Pheasant Lane

Savoy, IL 61874
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,006 Ft²
$1,974
Est. Monthly
$13
HOA / Fees
10.49%
Cap Rate

About This Property

Spacious Home in Prime Savoy Location! Nestled in the established and sought-after area of Savoy, this spacious 4-bedroom, 2.5-bath home offers ample square footage of comfortable living space. Enjoy two separate living areas, a formal dining room, and a smart floorplan with plenty of storage throughout.  The home backs to a scenic trail and is surrounded by mature landscaping, offering privacy and peaceful views. The extra-large unfinished basement provides endless possibilities-customize it to suit your needs and lifestyle!  With a 2-car garage and a fantastic layout, this one has everything you've been waiting for. Homes in this area don't last-schedule your showing today and make it yours before it's gone!
Unit Size
2,006 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$157
Property Type
House
Property Taxes
$414
HOA Dues
$13
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
Fireplace

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: 8,390
  • 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: ARBOUR MEADOWS SUB NO 3
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 314 ARBOUR MEADOWS SUB NO 3

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 03
  • Parcel: 03-20-36-151-016
  • Lot: 314
  • Meridian: SEC 36 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0634
  • Longitude: -88.2557

    Address

  • Full Address: 706 Pheasant Ln
  • Address - House Number: 706
  • Address - Street Name: Pheasant
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Savoy
  • Carrier Code: R002
  • 4-Digit Zip Code: 9597
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $447,862
  • Tax Rate Code Area: 309

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 271,081
  • High Value: 327,249
  • Low Value: 214,913

    Market Valuation

  • Market Total Value: $190,290
  • Market Land Value: $49,710
  • Market Improvement Value: $140,580

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,430
  • Assessed Land Value: $16,570
  • Assessed Improvements Value: $46,860

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2009
  • Current Sale Recording Date: Oct 14, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 2009R30021
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 Savoy

Stats & Trends

Median Asking:

$382,450

Sale Price/ft²

$179

Below Asking

0.01%

Average Days on Market

69

Average Home Size

2383 ft²

Average Home Age

26.4 years

Currently For Sale

17 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: Natalie Nielsen, Pathway Realty, PLLC
Data Source: MRED, MLS# MRD12416284
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 706 Pheasant Lane built and last sold?
The property at 706 Pheasant Lane was built in and last sold on Sep 25, 2009 for $172,500.
How much is this home worth?
The estimated value of the home located at 706 Pheasant Lane is $0.
What are some comparable homes to 706 Pheasant Lane?
There are currently no comparable homes to 706 Pheasant Lane.
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