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Savoy 61874
708 Lavender Drive
$310,000
● House - Off Market

708 Lavender Drive

Savoy, IL 61874
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,160 Ft²
$348,940
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Don't miss out on this 3 bedroom 3.5 bath house with 2800 sq. ft. of living space in the popular Prairie Fields subdivision. Artfully designed with a divided yet open floor plan allowing so much versatility for living. The main floor features hardwood and ceramic tile throughout the first floor. Not only that but this custom made home showcases a stone fireplace, gorgeous cherry cabinets, stainless steel appliances, new roof and siding in 2021 and a large lot with sprinkler system and expansive deck. Need additional living space for entertaining, guests or children? The finished basement offers a large recreation room, full bathroom, bonus room and a sound-proofed office for those working from home. Do not miss out on making this home yours.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$141
Property Type
House
Property Taxes
$517
HOA Dues
-
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: 3 years ago (MRED MLS #11138200)

Price History

Date / Event Date Event Price
Aug 27, 2021 Sold
Premium
Sold
Jul 6, 2021 Listed by eXp Realty,LLC-Maho $304,900
Listed by eXp Realty,LLC-Maho

Property Highlights

Garage
Air Conditioning

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: 12,006
  • 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: PRAIRIE FIELDS 5B SUB
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 229 PRAIRIE FIELDS 5B SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001400

Geography

  • District: 03
  • Parcel: 03-20-36-251-050
  • Lot: 229
  • Meridian: SEC 36 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0631
  • Longitude: -88.2471

    Address

  • Full Address: 708 Lavender Dr
  • Address - House Number: 708
  • Address - Street Name: Lavender
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Savoy
  • Carrier Code: R003
  • 4-Digit Zip Code: 9322
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $662,082
  • Tax Rate Code Area: 309

    Appraisal Valuation

  • Standard Deviation: 0.2073
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 366,497
  • High Value: 442,479
  • Low Value: 290,516

    Market Valuation

  • Market Total Value: $272,700
  • Market Land Value: $51,120
  • Market Improvement Value: $221,580

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,900
  • Assessed Land Value: $17,040
  • Assessed Improvements Value: $73,860

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Sep 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R21713
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:

$391,950

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

69

Average Home Size

2327 ft²

Average Home Age

29.9 years

Currently For Sale

18 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 611 Buttercup Drive, Savoy, IL, 61874

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,280 ft²
611 Buttercup Drive, Savoy, IL, 61874 Listing by Creg McDonald

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nate Evans, eXp Realty,LLC-Maho
Last Updated: 3 years ago
Data Source: MRED, MLS# 11138200
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 Lavender Drive built and last sold?
The property at 708 Lavender Drive was built in and last sold on Aug 27, 2021 for $310,000.
How much is this home worth?
The estimated value of the home located at 708 Lavender Drive is $0.
What are some comparable homes to 708 Lavender Drive?
There are currently no comparable homes to 708 Lavender Drive.
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