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205 S Ranch Ln, Mahomet, IL, 61853

$490,000

23.41 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #10541804
Lot Size23.41 Acres
StatusAccepting Backup Offers
(Contingent)

About 205 S Ranch Ln

Here it is! Over 22 acres with access to city amenities in Mahomet! Lot is completely wooded with some mature trees and scrub brush. Lot is rolling and full of character. Perfect lot for a custom build or development. Potential use anything from light industrial to residential, commercial or multifamily. Infill Lots like these hardly exist anymore and this is one of the last few remaining opportunities. Offered up at just below the average development cost. The last lot like this in town went for far more per acre.

Property Details

Property Features

Listing Office:

  • Office Name: eXp Realty,LLC-Cha
  • Office Phone: (888) 574-9405
  • Listing Agent: Nate Evans

Lot Features

Lot Information:

  • Lot Size: 23.41 Acres

Other

Directions Information:

  • Directions: Lake of the Woods Rd, turn onto Summit Ridge Road, turn right to get to Ranch Road

Price Information

Listing Price Info

Price Summary:

  • List Price: $490,000
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Housing Market Comparison

See how this home compares to others in Mahomet, IL.

Med. Sold Price

$389.4K

Med. Price/SqFt

$186

Avg. Days On Market

46

# of Sold Homes

12

205 S Ranch Ln vs Mahomet

1872 DAYS ON ROCKET

+1826 Days

$490,000

+$100.5K More

KEY TAKEAWAY

This property is $100.5K more than the Median Sold Price in Mahomet, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #10541804

Listing Office:

  • Office Name: eXp Realty,LLC-Cha
  • Office Phone: (888) 574-9405
  • Listing Agent: Nate Evans

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Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,513

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,536

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-822237
7
/10
  • Lincoln Trail Elementary School

  • 102 E State St

  • 1.53 miles

  • Public District Grades 3-5

school-card-donut-822238
3
/10
  • Garden Hills Elementary School

  • 2001 Garden Hills Dr

  • 6.80 miles

  • Public District Grades KG-5

school-card-donut-822239
6
/10
  • Kenwood Elementary School

  • 1001 Stratford Dr

  • 7.61 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,626. The majority of Mahomet, IL residents have income between $35k-100k annually. Typical family type is married, with kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 205 S Ranch Ln

What is the listing price of this property?

The listing price of 205 S Ranch Ln property is $490,000.

What type of property is this?

The property 205 S Ranch Ln is land located in Mahomet, Illinois, 61853.

Is this property for sale now?

Accepting Backup Offers: 205 S Ranch Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How much acreage is this property?

The property 205 S Ranch Ln is 23.41 acres.
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Rocket HomesIllinoisChampaign CountyMahomet61853205 S Ranch Ln

This home is located at 205 S Ranch Ln in Mahomet, IL and zip code 61853. This home sits on a 23.41 acre lot. It has been listed on Rocket Homes since October 08, 2019 and is currently priced at $490,000.

Over 1 listings were sold over their listed price in October 2024 in Mahomet, IL. In the same period over 8 listings were sold below the listed price and 3 listings were sold for the listed price. The number of listings in Mahomet, IL decreased by 14.5% between September 2024 and October 2024. In October 2024, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $389,450.

From Rocket Homes Real Estate and based on county public records data.

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