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Champaign 61821 Westlawn
902 Mayfair Road
$285,000
● House - Off Market

902 Mayfair Road

Champaign, IL 61821
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,637 Ft²
$309,042
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Here is your opportunity to have a completely remodeled brick home in desirable Champaign location on a SPACIOUS CORNER LOT at a great value!  This home is a MUST SEE for any homebuyer!  From the outside, this property shows off its' PROFESSIONALLY landscaped lawn that adds to the curbside charm of this spacious corner lot!  The lower level features a CUSTOM private owner master suite. From the moment you walk into this beautiful 4 bed 3 full bath home you will feel right at home with its open floor plan and easy flow.  Contact your favorite Realtor today to schedule your private showing.
Unit Size
2,637 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$114
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1957

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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.

Last updated: 3 years ago (MRED MLS #11422635)

Price History

Date / Event Date Event Price
Mar 2, 2023 Sold
Premium
Sold
Jun 2, 2022 Listed by The Real Estate Group,Inc $299,900
Listed by The Real Estate Group,Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 3
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,928
  • Total Building Area: 1,584
  • Building Area: 1,584
  • 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: MAYFAIR 1ST
  • Land Acres: 0000000274
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 1 BLOCK 7 MAYFAIR 1ST

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001100

Geography

  • District: 04
  • Parcel: 43-20-14-179-001
  • Block: 7
  • Lot: 1
  • Meridian: SEC 14 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1071
  • Longitude: -88.269

    Address

  • Full Address: 902 Mayfair Rd
  • Address - House Number: 902
  • Address - Street Name: Mayfair
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Champaign
  • Carrier Code: C039
  • 4-Digit Zip Code: 4437
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $475,240
  • Tax Rate Code Area: 4302

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 402,412
  • High Value: 447,434
  • Low Value: 357,391

    Market Valuation

  • Market Total Value: $155,040
  • Market Land Value: $76,560
  • Market Improvement Value: $78,480

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,680
  • Assessed Land Value: $25,520
  • Assessed Improvements Value: $26,160

    Sales

  • Current Sale Contract Date: Feb 21, 2023
  • Current Sale Recording Date: Mar 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2516
  • Previous Sale Recording Date: Mar 01, 2022
  • Previous Sale Contract Date: Feb 07, 2022
  • Previous Sale Amount: $185,000
  • 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 Westlawn

Stats & Trends

Median Asking:

$200,000

Sale Price/ft²

$185

Above Asking

0.00%

Average Days on Market

26

Average Home Size

1570 ft²

Average Home Age

70 years

Currently For Sale

1 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: Carol Meinhart, The Real Estate Group,Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11422635
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 902 Mayfair Road built and last sold?
The property at 902 Mayfair Road was built in 1957 and last sold on Feb 21, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 902 Mayfair Road is $302,101.
What are some comparable homes to 902 Mayfair Road?
There are currently no comparable homes to 902 Mayfair Road.
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