Description for
1715 Tin Cup RoadMahomet, IL 61853
Approved subdivision in August 2022 that consists of 7 acres that are all DETACHED single family homes. Located right next to public water and public sewer infrastructure tie in points that minimizes development costs. 22 Detached Single Family home lots adjacent to Fox Run neighborhood that COMPS at high price per sq ft due to low density. - 10 R1B lots (80 ft lots) and 12 R1C lots (65 ft lots) for 22 total lots. This is a rare development opportunity located by Lake of The Woods in Mahomet, IL: which is the highest median income household city in Champaign County. Owner is open to developer partner long term due to additional adjacent acreage, diverse land zoning that includes commercial (C1 and C2), and partnering to find highest and best use to demand with absorption rate. Development for low density to keep property value high, have the privacy of single family home living by nature, and enjoy the green space buffers the terrain has to offer. Agent owned.
Price
$595,000
Champaign
11903597
Active
Description
Approved subdivision in August 2022 that consists of 7 acres that are all DETACHED single family homes. Located right next to public water and public sewer infrastructure tie in points that minimizes development costs. 22 Detached Single Family home lots adjacent to Fox Run neighborhood that COMPS at high price per sq ft due to low density. - 10 R1B lots (80 ft lots) and 12 R1C lots (65 ft lots) for 22 total lots. This is a rare development opportunity located by Lake of The Woods in Mahomet, IL: which is the highest median income household city in Champaign County. Owner is open to developer partner long term due to additional adjacent acreage, diverse land zoning that includes commercial (C1 and C2), and partnering to find highest and best use to demand with absorption rate. Development for low density to keep property value high, have the privacy of single family home living by nature, and enjoy the green space buffers the terrain has to offer. Agent owned.
Listing Information
Property Type: Land, Other
7 Acres
Mahomet//
Single Family
Neighborhood
School Information
District: Mahomet-Seymour High School
Mahomet Elementary School
Mahomet Junior High School
Mahomet-Seymour High School
Room Information
Exterior / Lot Features
300X950
Front - 300
Driving Directions
West on I-74 to Praireview exit. North on Prairieview Rd. West on Tin Cup Road.
Financial Considerations
151314282002
Listing Price History
Mahomet Real Estate
Mahomet is located in Illinois.
Mahomet, Illinois 61853 has a population of 9,907.
The median household income in Mahomet, Illinois 61853 is
$98,256.
The median household income for the surrounding county is $56,059
compared to the national median of $66,222.
The median age of people living in Mahomet 61853 is 33 years.
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Courtesy: eXp Realty,LLC
Listings courtesy of MRED as distributed by MLS GRID
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