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Champaign 61821
903 Fairoaks Drive
$180,000
● House - Off Market

903 Fairoaks Drive

Champaign, IL 61821
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,892 Ft²
$176,362
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

This 5 bedroom 2 bathroom bi-level in SW Champaign has plenty to offer.  The spacious kitchen opens up to a large deck overlooking the fenced in backyard that backs up to the creek.  The main floor has 3 bedrooms and the lower floor has the other 2, plus a family room with a fireplace.
Unit Size
1,892 Ft²
Days on Market
-
Land Size
-
Price per sqft
$92
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1966

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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 #11350334)

Price History

Date / Event Date Event Price
May 26, 2022 Sold
Premium
Sold
Mar 17, 2022 Listed by eXp Realty,LLC-Cha $175,000
Listed by eXp Realty,LLC-Cha

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 275
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,634
  • Total Building Area: 956
  • Building Area: 956
  • 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: WELLERS HOLIDAY PARK 8TH SEC.
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 857 WELLERS HOLIDAY PARK 8TH SEC.

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001201

Geography

  • District: 04
  • Parcel: 44-20-16-280-030
  • Lot: 857
  • Meridian: SEC 16 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1068
  • Longitude: -88.2966

    Address

  • Full Address: 903 Fairoaks Dr
  • Address - House Number: 903
  • Address - Street Name: Fairoaks
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C066
  • 4-Digit Zip Code: 4024
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $326,820
  • Tax Rate Code Area: 4402

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 190,063
  • High Value: 232,612
  • Low Value: 147,514

    Market Valuation

  • Market Total Value: $124,620
  • Market Land Value: $21,420
  • Market Improvement Value: $103,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,540
  • Assessed Land Value: $7,140
  • Assessed Improvements Value: $34,400

    Sales

  • Current Sale Contract Date: May 26, 2022
  • Current Sale Recording Date: Jun 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10036
  • Previous Sale Recording Date: Aug 28, 2013
  • Previous Sale Contract Date: Aug 21, 2013
  • Previous Sale Document Type: 64
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:

$249,900

Sale Price/ft²

$163

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1988 ft²

Average Home Age

44.9 years

Currently For Sale

160 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 3922 Wild Flower Drive, Champaign, IL, 61822

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
3922 Wild Flower Drive, Champaign, IL, 61822 Listing by Hazem Jaber
Unit for rent at 3811 Boulder Ridge Drive, Champaign, IL, 61822

$3,025 /mo

  • 3 Beds
  • 2 Baths
  • 1,555 ft²
3811 Boulder Ridge Drive, Champaign, IL, 61822 Listing by Nate Evans

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rick Wilberg, eXp Realty,LLC-Cha
Last Updated: 3 years ago
Data Source: MRED, MLS# 11350334
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 903 Fairoaks Drive built and last sold?
The property at 903 Fairoaks Drive was built in 1966 and last sold on May 26, 2022 for $180,000.
How much is this home worth?
The estimated value of the home located at 903 Fairoaks Drive is $0.
What are some comparable homes to 903 Fairoaks Drive?
There are currently no comparable homes to 903 Fairoaks Drive.
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