NOT LISTED FOR SALE

1308 E Michigan Ave Unit 2 Urbana, IL 61801

Fairlawn Park Neighborhood

Estimated Value: $134,000 - $240,000

2 Beds
-- Bath
1,188 Sq Ft
$158/Sq Ft Est. Value

About This Home

This home is located at 1308 E Michigan Ave Unit 2, Urbana, IL 61801 and is currently estimated at $188,000, approximately $158 per square foot. 1308 E Michigan Ave Unit 2 is a home located in Champaign County with nearby schools including Wiley Elementary School, Urbana Middle School, and Urbana High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Illini Management Llc
Bought by
Ep Property Holdings Llc
Current Estimated Value
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$504,688
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$264,021

Purchase Details

Closed on
Jul 10, 2007
Sold by
Urbana Property Partners Llc
Bought by
Illini Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Bankillinois Trust Co
Bought by
Urbana Property Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,156
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Ep Property Holdings Llc $425,000 None Listed On Document
Illini Rental Properties Llc $350,000 Chicago Title Insurance Co
Urbana Property Partners Llc $404,794 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ep Property Holdings Llc $510,000
Previous Owner Illini Management Llc $1,372,683
Previous Owner Illini Rental Properties Llc $280,000
Previous Owner Urbana Property Partners Llc $407,156
Source: Public Records

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 $3,437 $35,410 $12,150 $23,260
2023 $3,437 $32,310 $11,090 $21,220
2022 $3,220 $29,750 $10,210 $19,540
2021 $2,993 $27,730 $9,520 $18,210
2020 $2,896 $26,920 $9,240 $17,680
2019 $2,813 $26,920 $9,240 $17,680
2018 $2,801 $27,110 $9,310 $17,800
2017 $2,897 $27,110 $9,310 $17,800
2016 $2,881 $27,110 $9,310 $17,800
2015 $2,913 $27,110 $9,310 $17,800
2014 $2,874 $27,110 $9,310 $17,800
2013 $2,836 $27,110 $9,310 $17,800
Source: Public Records

Map

Illinois Champaign County Urbana 61801 Fairlawn Park

1308 E Michigan Ave Unit 2, Urbana, IL

This home is located at 1308 E Michigan Ave Unit 2, Urbana, IL 61801 and is currently estimated at $188,000, approximately $158 per square foot. 1308 E Michigan Ave Unit 2 is a home located in Champaign County with nearby schools including Wiley Elementary School, Urbana Middle School, and Urbana High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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