NOT LISTED FOR SALE

Estimated Value: $289,341 - $434,000

6 Beds
3 Baths
-- Sq Ft
0.28 Acres

Last Sold August 08, 2024

Last sale price $430,000

Est. 13% decrease in value since last sale

Current estimated payment $2,442/month

33 Days on Market

Highlights

  • 4 Car Attached Garage
  • Centennial High School Rated A-
  • Forced Air Heating System

About This Home

As of August 2024

Duplex opportunity available in NW Champaign. At only 3 years old, this home is bringing in $44,400 in annual rent. One unit is currently 1900/month, the other 1800/month. There are comps that are renting for 2000/month. Tenants pay for all utilities. HOA Fee is 125/unit/year. Solar Panels have been installed on each unit, with EV Hookups in both garages. The Electric bills are next to nothing, saving your tenants money making them easier to rent. At 3 years old these are essentially maintenance free with no capital improvements needed in the foreseeable future. There is a community common area less than 1 block away, and Subdivision park with trails, basketball and tennis courts, sledding hills, and skate park. Location is near University of Illinois and Parkland College. Leases on file. Also qualifies for FHA financing with as little as 5% down (subject to certain guidelines) NOTE: Owner owns a total of 22 units in this SubD. They are willing to bundle and create unique packages. Ask about the other duplexes available.

Last Agent to Sell the Property

Nate Evans

eXp Realty-Mahomet License #475124281 Listed on: 05/14/2024

eXp Realty-Mahomet

Last Buyer's Agent

Nate Evans

eXp Realty-Mahomet License #475124281 Listed on: 05/14/2024

eXp Realty-Mahomet

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,962

Year Built

  • Built in 2020

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 80x150
  • Additional Parcels

Parking

  • 4 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Duplex
  • Slab Foundation
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Champaign Elementary School
  • Champaign Junior High School
  • Champaign High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $946
  • Gross Income $44,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,962

Year Built

Built in 2020

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2020
  • Age: 1-5 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 319A BOULDER RIDGE 3RD SUB
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 1

Exterior Features

  • List Price: 450000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Forced Air
  • Water Source: Public

Fee Information

  • Other Expenses $: 250

Schools

  • Elementary School: Champaign Elementary School
  • High School: Champaign High School
  • Middle/Junior School: Champaign Junior High School
  • Middle/Junior School District: 4

Lot Info

  • Additional Parcels Description: 412004420048
  • Additional Parcels: Yes
  • Lot Size Acres: 0.28
  • Lot Dimensions: 80X150
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Multi Family

  • Insurance Expense: 946
  • GrossIncome: 44400
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Duplex Side by Side

Tax Info

  • Tax Annual Amount: 8962.24
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2024
Closed on
Aug 8, 2024
Sold by
Mkt Rentals Llc
Bought by
Super Hospitality Danville Inc
Seller's Agent
Nate Evans
eXp Realty-Mahomet
Buyer's Agent
Nate Evans
eXp Realty-Mahomet
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Views
44
Current Estimated Value
$374,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,415
Avg. Annual Appreciation
-12.42%
Original Mortgage
$100,000
Outstanding Balance
$84,605
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
$289,980
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Super Hospitality Danville Inc $430,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Super Hospitality Danville Inc $100,000
Previous Owner Mkt Rentals Llc $135,366
Previous Owner Mkt Rentals Llc $128,000
Previous Owner Mkt Rentals Llc $462,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $430,000 -4.4% --
06/17/2024 06/17/24 Pending -- -- --
05/14/2024 05/14/24 For Sale $450,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,809 $65,140 $10,900 $54,240
2023 $4,809 $59,330 $9,930 $49,400
2022 $4,481 $54,730 $9,160 $45,570
2021 $4,363 $53,660 $8,980 $44,680
2020 $624 $6,810 $4,770 $2,040
2019 $423 $4,670 $4,670 $0
2018 $548 $6,090 $6,090 $0
2017 $530 $5,860 $5,860 $0
2016 $590 $7,130 $7,130 $0
2015 $27 $7,000 $7,000 $0
2014 $26 $320 $320 $0
2013 $26 $320 $320 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12043497

Midwest Real Estate Data (MRED)

APN: 41-20-04-420-048