NOT LISTED FOR SALE

Estimated Value: $116,000 - $153,938

3 Beds
2 Baths
688 Sq Ft
$186/Sq Ft Est. Value

Last Sold August 03, 2021

Last sale price $88,000 $128 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $806/month

258 Days on Market

About This Home

As of August 2021

Investment opportunity located near downtown Urbana. The main house is a 2 bed 1 bath unit while the garage has been converted into a 1 bed 1 bath unit with living room and kitchen. Both units are currently rented until 07/29/2022 with a total monthly rent of $1,070.

Last Agent to Sell the Property

Jordan Dunahee

Ramshaw Real Estate License #475181066 Listed on: 10/09/2020

Last Buyer's Agent

Dionne Clifton

LIVE Real Estate Group License #471019717

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,273

Year Built

  • Built in 1948

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 126 x 50

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Dr. Preston L. Williams Jr. Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $12,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,273

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1948
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 2 IN BUSEY & DUNLAP'S SUB
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 95900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Elementary School: Dr. Preston L. Williams Jr. Elem
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 126 X 50
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 22

Multi Family

  • GrossIncome: 12840
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s,Converted Residence

Tax Info

  • Tax Annual Amount: 3272.94
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Jul 29, 2021
Sold by
Clark Frederick P and Brown Whitney
Bought by
Kalipeni Josephine
Seller's Agent
Jordan Dunahee
Ramshaw Real Estate
Buyer's Agent
Dionne Clifton
LIVE Real Estate Group
List Price
$120,000
Sold Price
$88,000
Premium/Discount to List
-$32,000
-26.67%
Current Estimated Value
$127,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,735
Avg. Annual Appreciation
9.35%
Original Mortgage
$66,000
Outstanding Balance
$60,638
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$67,097

Purchase Details

Closed on
Dec 23, 2009
Sold by
Clark Frederick E and Clark Marlys R
Bought by
Clark Frederick E and Clark Marlys R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kalipeni Josephine $88,000 Attorney
Clark Frederick E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kalipeni Josephine $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $88,000 -8.2% $128 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
04/26/2021 04/26/21 Price Changed $95,900 -4.0% $139 / Sq Ft
02/01/2021 02/01/21 Price Changed $99,900 -4.8% $145 / Sq Ft
01/05/2021 01/05/21 Price Changed $104,900 -4.6% $152 / Sq Ft
11/30/2020 11/30/20 Price Changed $110,000 -8.3% $160 / Sq Ft
10/09/2020 10/09/20 For Sale $120,000 -- $174 / Sq Ft
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 $3,998 $41,200 $8,300 $32,900
2023 $3,998 $37,590 $7,570 $30,020
2022 $3,746 $34,610 $6,970 $27,640
2021 $3,482 $32,260 $6,500 $25,760
2020 $3,369 $31,320 $6,310 $25,010
2019 $3,273 $31,320 $6,310 $25,010
2018 $3,258 $31,540 $6,350 $25,190
2017 $3,371 $31,540 $6,350 $25,190
2016 $3,224 $30,330 $6,110 $24,220
2015 $3,259 $30,330 $6,110 $24,220
2014 $3,215 $30,330 $6,110 $24,220
2013 $3,173 $30,330 $6,110 $24,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10898170

Midwest Real Estate Data (MRED)

APN: 92-21-16-126-007