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Champaign 61820
708 Hamilton Drive
$383,000
● House - Off Market

708 Hamilton Drive

Champaign, IL 61820
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,460 Ft²
$2,449
Est. Monthly
3.50%
Cap Rate

About This Property

Located near Hessel Park and the U of I, this charming 1950-built home boasts four bedrooms, two full baths, and a two-car attached garage. The inviting downstairs includes a living room with a fireplace, a dining area, and a stunning family room featuring vaulted ceilings and numerous windows that flood the space with natural light and perfect for entertaining large gatherings. Two bedrooms, a full bath, and an updated kitchen complete the downstairs.  Upstairs, there are two additional bedrooms and a full bath, with all rooms being generously sized. The partially finished basement offers extra living space, ideal for a den or a game room. A deck off the family room provides a great spot for barbecuing and outdoor events. This home combines elegance with timeless character and charm, making it a must-see.
Unit Size
2,460 Ft²
Days on Market
-
Land Size
-
Price per sqft
$152
Property Type
House
Property Taxes
$607
HOA Dues
-
Year Built
1949

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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: 3 years ago (MRED MLS #12047399)

Price History

Date / Event Date Event Price
Jun 27, 2024 Sold
Premium
Sold
May 19, 2024 Listed by RE/MAX REALTY ASSOCIATES-CHA $375,000
Listed by RE/MAX REALTY ASSOCIATES-CHA

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • 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: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,581
  • Total Building Area: 1,656
  • Building Area: 1,656
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LA SELL SUB
  • Land Acres: 0000000312
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 20 LA SELL SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000500

Geography

  • District: 04
  • Parcel: 43-20-13-351-016
  • Lot: 20
  • Meridian: SEC 13 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1006
  • Longitude: -88.255

    Address

  • Full Address: 708 Hamilton Dr
  • Address - House Number: 708
  • Address - Street Name: Hamilton
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C025
  • 4-Digit Zip Code: 6812
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $681,226
  • Tax Rate Code Area: 4302

    Appraisal Valuation

  • Standard Deviation: 0.2059
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 351,754
  • High Value: 424,190
  • Low Value: 279,317

    Market Valuation

  • Market Total Value: $240,240
  • Market Land Value: $68,790
  • Market Improvement Value: $171,450

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,080
  • Assessed Land Value: $22,930
  • Assessed Improvements Value: $57,150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 20, 2018
  • Current Sale Recording Date: Mar 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018R04128
  • Previous Sale Recording Date: Jun 09, 2016
  • Previous Sale Contract Date: Jun 02, 2016
  • Previous Sale Amount: $273,500
  • 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 Champaign

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1938 ft²

Average Home Age

43.1 years

Currently For Sale

178 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

Unit for rent at 1013 W Daniel Street, Champaign, IL, 61821

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,425 ft²
1013 W Daniel Street, Champaign, IL, 61821 Listing by Creg McDonald

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Hogue, RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 3 years ago
Data Source: MRED, MLS# 12047399
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 708 Hamilton Drive built and last sold?
The property at 708 Hamilton Drive was built in 1949 and last sold on Mar 20, 2018 for $282,500.
How much is this home worth?
The estimated value of the home located at 708 Hamilton Drive is $381,131.
What are some comparable homes to 708 Hamilton Drive?
There are currently no comparable homes to 708 Hamilton Drive.
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