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Champaign 61820 Bolten Field
711 Balboa Road
$172,000
● House - Off Market

711 Balboa Road

Champaign, IL 61820
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,140 Ft²
$1,171
Est. Monthly
9.43%
Cap Rate

About This Property

This delightful ranch-style home is bursting with character and ready for you to make it your own! Nestled in a quiet, tree-lined neighborhood just steps from Hessel Park, Art Mart, and Jarling's Custard Cup, you'll enjoy both peaceful surroundings and unbeatable convenience.  Inside, the spacious living room welcomes you with gorgeous hardwood floors and abundant natural light. The large eat-in kitchen offers ample cabinet space and overlooks a fully fenced backyard-perfect for relaxing or entertaining.  With its cozy layout, vibrant setting, and undeniable charm, this home is a must-see!  Broker owned.  Listing agent related to owner.
Unit Size
1,140 Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1951

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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: 1951
  • Effective Year Built: 1951
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,246
  • Total Building Area: 1,218
  • Building Area: 1,218
  • Building Area Measurement: M

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHGATE SUB
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 92 SOUTHGATE SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001301

Geography

  • District: 04
  • Parcel: 45-20-24-105-013
  • Lot: 92
  • Meridian: SEC 24 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.0947
  • Longitude: -88.2548

    Address

  • Full Address: 711 Balboa Rd
  • Address - House Number: 711
  • Address - Street Name: Balboa
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Champaign
  • Carrier Code: C024
  • 4-Digit Zip Code: 7021
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $322,314
  • Tax Rate Code Area: 4502

    Appraisal Valuation

  • Standard Deviation: 0.2577
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 170,180
  • High Value: 214,051
  • Low Value: 126,309

    Market Valuation

  • Market Total Value: $123,150
  • Market Land Value: $45,600
  • Market Improvement Value: $77,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,050
  • Assessed Land Value: $15,200
  • Assessed Improvements Value: $25,850

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 27, 2003
  • Current Sale Recording Date: Mar 04, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2003R09613
  • Previous Sale Recording Date: Jan 02, 2003
  • Previous Sale Contract Date: Dec 31, 2002
  • Previous Sale Amount: $89,000
  • 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 Bolten Field

Stats & Trends

Median Asking:

$255,000

Sale Price/ft²

$150

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1711 ft²

Average Home Age

65.4 years

Currently For Sale

12 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: Nicholas Ward, JOEL WARD HOMES, INC
Data Source: MRED, MLS# MRD12404569
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 711 Balboa Road built and last sold?
The property at 711 Balboa Road was built in 1951 and last sold on Jan 27, 2003 for $88,000.
How much is this home worth?
The estimated value of the home located at 711 Balboa Road is $0.
What are some comparable homes to 711 Balboa Road?
There are currently no comparable homes to 711 Balboa Road.
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