505 Southwood Dr
Mahomet, IL 61853
3 bd 2 ba 1,455 sqft Built 1978 Lot 20,038 sqft single_family
Most recent sale
$225,000
May 5, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 5, 2022 | Sold | $225,000 | MLS #11358869 |
| Mar 24, 2017 | Sold | $142,900 | MLS #09502976 |
| Feb 14, 2017 | Listed | $145,000 | MLS #09502976 |
| Sep 28, 2016 | Listing removed | $149,900 | ChampaignArea |
| Jun 27, 2016 | Price changed | $155,000 | MLS #2161874 |
| Apr 21, 2016 | Listed | $158,500 | MLS #2161874 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $52,110 | $16,240 | $68,350 | $4,076 |
| 2023 | $49,020 | $15,280 | $64,300 | $3,725 |
| 2022 | $41,070 | $12,800 | $53,870 | $3,434 |
| 2021 | $38,820 | $12,100 | $50,920 | $3,239 |
| 2020 | $38,170 | $11,900 | $50,070 | $3,177 |
| 2019 | $37,570 | $11,710 | $49,280 | $3,094 |
| 2018 | $36,760 | $11,460 | $48,220 | $3,002 |
| 2017 | $35,010 | $10,910 | $45,920 | $2,511 |
| 2016 | $35,010 | $10,910 | $45,920 | $2,502 |
| 2015 | $35,010 | $10,910 | $45,920 | $2,513 |
| 2014 | $35,010 | $10,910 | $45,920 | $2,366 |
| 2013 | $33,600 | $10,470 | $44,070 | $2,716 |
| 2012 | $33,600 | $10,470 | $44,070 | $2,688 |
| 2011 | $33,600 | $10,470 | $44,070 | $2,618 |
| 2010 | $33,600 | $10,470 | $44,070 | $2,606 |
| 2009 | $33,600 | $10,470 | $44,070 | $2,553 |
| 2008 | $33,600 | $10,470 | $44,070 | $2,643 |
| 2006 | $32,450 | $8,000 | $40,450 | $2,519 |
| 2005 | $30,800 | $7,590 | $38,390 | $2,363 |
Property facts
Year built
1978
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,455 sqft
Lot size
20,038 sqft
ZIP code
61853
City
Mahomet
Street
Southwood Dr
Coordinates
40.20184, -88.42384
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,619
Gross rental yield
13.97%
Implied cap rate
9.08%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Southwood Dr last sell?
505 Southwood Dr most recently sold on May 5, 2022 for $225,000.
What is the current tax assessment for 505 Southwood Dr?
The most recent total assessment for 505 Southwood Dr (year 2024) is $68,350 with $4,076 in property tax.
How does 505 Southwood Dr's assessment compare to its last sale price?
The current assessment is 69.6% below the last sale price of $225,000.
When was 505 Southwood Dr built?
505 Southwood Dr was built in 1978.
How does 505 Southwood Dr compare to others on Southwood Dr?
We track 6 other properties on Southwood Dr. Browse the list under "Other properties on Southwood Dr" to compare beds, baths, and sale history.
What are the property facts for 505 Southwood Dr?
505 Southwood Dr is a 3 bed, 2 bath, 1,455 sqft, 20,038 sqft lot single_family.
Is 505 Southwood Dr a flip candidate?
No — 505 Southwood Dr does not appear in our flips dataset.
Is 505 Southwood Dr a tax-appeal candidate?
No — 505 Southwood Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.8%
Implied 1-yr
+7.2%
2026 Q2
$410.3K
2026 Q3
$417K
ZIP 61853 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Southwood Dr