Seller's Agent in 2024
Nate Evans
eXp Realty-Mahomet
(217) 493-9297
38 in this area
1,837 Total Sales
3311 Boulder Ridge Dr Champaign, IL 61822
Boulder Ridge NeighborhoodEstimated Value: $234,000 - $251,000
6
Beds
6
Baths
--
Sq Ft
5,358
Sq Ft Lot
Highlights
- Solar Power System
- Waterfront
- Property is near park
- Centennial High School Rated A-
- Community Lake
- Tennis Courts
About This Home
As of October 2024Duplex opportunities available in NW Champaign backing up to the water. 8 have already sold. At only 4 years old, this duplex is bringing in $43,500 in annual rent. Units are currently at. 1800/month one at 1900. There are comps that are renting for as high as 2100/month. Tenants pay for all utilities. HOA Fee is 125/unit/year. Solar Panels have been installed on each unit (and are paid for) with EV Hookups in both garages. The Electric bills are next to nothing, saving your tenants money making them easier to rent. At 4 years old these are essentially maintenance free with no capital improvements needed in the foreseeable future. It's a great "Value-Add" opportunity by simply increasing the rents. Most tenants are long term tenants. Half of these units actually happen to back up to the water, so just great views to enjoy. 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. The location is near University of Illinois and Parkland College. Leases on file. NOTE: Owner owns a total of 14 units in this SubD. They are willing to bundle and create unique packages. Ask about the other duplexes available. Owner is only selling to completely dissolve their portfolio and heading to retirement.
Last Agent to Sell the Property
eXp Realty-Mahomet License #475124281 Listed on: 08/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,634
Year Built
- Built in 2021
Lot Details
- Lot Dimensions are 48x110
- Waterfront
- Additional Parcels
Parking
- 2 Car Attached Garage
- Garage Transmitter
- Parking Included in Price
Home Design
- Duplex
- Slab Foundation
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 6 Bathrooms
Schools
- Champaign Elementary School
- Champaign Junior High School
- Champaign High School
Additional Features
- Solar Power System
- Patio
- Property is near park
- Forced Air Heating System
Community Details
Overview
- 2 Units
- Community Lake
Recreation
- Tennis Courts
Building Details
- Gross Income $46,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 16, 2024
Closed on
Oct 31, 2024
Sold by
Mkt Rentals Llc
Bought by
Mohammed Omar and Mohammed Yousef
Seller's Agent
Nate Evans
eXp Realty-Mahomet
Buyer's Agent
Hazem Jaber
Coldwell Banker R.E. Group
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$197,633
Avg. Annual Appreciation
-38.42%
Original Mortgage
$165,000
Outstanding Balance
$163,324
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$79,043
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mohammed Omar | $220,000 | None Listed On Document | |
| Mohammed Omar | $220,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mohammed Omar | $165,000 | |
| Closed | Mohammed Omar | $165,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $440,000 | -2.2% | -- |
| 09/22/2024 09/22/24 | Pending | -- | -- | -- |
| 08/16/2024 08/16/24 | For Sale | $450,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $4,817 | $65,240 | $8,200 | $57,040 |
| 2023 | $4,817 | $59,420 | $7,470 | $51,950 |
| 2022 | $4,488 | $54,810 | $6,890 | $47,920 |
| 2021 | $4,369 | $53,730 | $6,750 | $46,980 |
| 2020 | $4,186 | $51,660 | $6,490 | $45,170 |
| 2019 | $576 | $6,360 | $6,360 | $0 |
| 2018 | $563 | $6,260 | $6,260 | $0 |
| 2017 | $544 | $6,020 | $6,020 | $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
-
Nate Evans
-
Hazem Jaber
Buyer's Agent in 2024
Hazem Jaber
Coldwell Banker R.E. Group
(217) 621-4965
9 in this area
117 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12140326
APN: 41-20-04-422-013
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