NOT LISTED FOR SALE

1502 S Race St Unit 1 Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $105,000 - $135,000

2 Beds
1 Bath
771 Sq Ft
$318/mo HOA Fee

Last Sold June 05, 2019

Last sale price $70,000 $91 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,166/month

39 Days on Market

Highlights

  • Wood Flooring
  • Breakfast Bar
  • Central Air
  • Detached Garage
  • Patio
  • 3-minute walk to Blair Park

About This Home

As of June 2019

Let someone else mow the yard & shovel the snow; live maintenance free living in this pristine Delmont Village condo. Lots of natural sunlight beaming through brand new windows, freshly painted and tastefully remodeled kitchen with vintage stove for added charm! Spacious 2 bedroom condo with rare second entrance off bedroom, making this a perfect roommate rental! Detached garage located directly behind the building and secure storage located in basement with free laundry! Condo fee covers heat, water, garbage, building insurance, external building maintenance, common areas upkeep (including shared washer and dryer) and grounds keep. Don't miss your chance to see this pre-inspected condo, priced to sell!

Last Agent to Sell the Property

Kimberly Clark

RE/MAX REALTY ASSOCIATES-CHA License #475132428 Listed on: 03/21/2019

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Rick Wilberg

eXp Realty-Champaign License #475126832

eXp Realty-Champaign

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,430

Year Built

  • 1942

Lot Details

  • 915

HOA Fees

  • $318 per month

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Range Hood
  • Microwave

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • Wood Flooring
  • Partial Basement
  • Patio
  • East or West Exposure

Community Details

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,430

Year Built

1942

Lot Details

0

HOA Fees

$318 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 1
  • Age: 71-80 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Total Sq Ft: 771
  • Estimated Year Built: 1942
  • Type Attached: Condo
  • Total Sq Ft: 771
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1942

Interior Features

  • Interior Property Features: Hardwood Floors
  • Number Of Rooms: 4
  • Living Room: Dimensions: 17X12, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Refrigerator, Range Hood
  • Equipment: TV-Cable, CO Detectors, Ceiling Fan
  • Basement: Partial
  • Basement: Unfinished
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 12X10, On Level: Main Level, Flooring: Vinyl
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X10, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 12X10, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 771
  • Estimated Total Finished Sq Ft: 771
  • Main Level Sq Ft: 771

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Patio
  • Exposure: W (West)

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Hot Water/Steam

Condo/Co-op/Association

  • Max Pet Weight: 30
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Heat, Water, Common Insurance, Exterior Maintenance, Lawn Care, Snow Removal
  • Assessment Association Fees: 318
  • Management Phone: 000-000-0000

Schools

  • School District: 116
  • Elementary School: Leal Elementary School
  • Middle School: Urbana Middle School
  • High School: Urbana High School
  • Junior High Dist: 116

Lot Info

  • Lot Dimensions: CONDO
  • Lot Description: Common Grounds
  • Parcel Identification Number: 932117453134

Multi Family

  • Total Number Unitsin Building: 6
  • Number Stories: 2

Tax Info

  • Taxes: 2055.20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2019
Closed on
Jun 5, 2019
Sold by
Illini Home Buyers Llc
Bought by
Lorr James
Seller's Agent
Kimberly Clark
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Rick Wilberg
eXp Realty-Champaign
List Price
$74,900
Sold Price
$70,000
Premium/Discount to List
-$4,900
-6.54%
Current Estimated Value
$116,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,784
Avg. Annual Appreciation
7.39%
Original Mortgage
$56,000
Outstanding Balance
$49,797
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$58,985

Purchase Details

Closed on
Feb 11, 2019
Sold by
Franklin Kevin D and Franklin Shirley
Bought by
Illini Home Buyers Llc

Purchase Details

Closed on
Jun 26, 2007
Sold by
Hartke Stephen G
Bought by
Franklin Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,900
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2004
Sold by
Gates Gloria K
Bought by
Hartke Stephen G
Source: Public Records

Range of Values:

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Average Value
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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
Lorr James $70,000 Allied Capital Title
Illini Home Buyers Llc $37,500 Attorney
Franklin Kevin $85,000 Chicago Title Insurance Co
Hartke Stephen G $82,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorr James $56,000
Previous Owner Franklin Kevin $74,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2019 06/05/19 Sold $70,000 -2.8% $91 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
04/15/2019 04/15/19 Price Changed $72,000 -3.9% $93 / Sq Ft
03/21/2019 03/21/19 For Sale $74,900 -- $97 / 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 $2,430 $31,610 $6,770 $24,840
2023 $2,430 $28,840 $6,180 $22,660
2022 $2,225 $26,560 $5,690 $20,870
2021 $2,024 $24,750 $5,300 $19,450
2020 $1,864 $23,330 $5,000 $18,330
2019 $1,811 $23,330 $5,000 $18,330
2018 $1,987 $25,230 $5,040 $20,190
2017 $2,055 $25,230 $5,040 $20,190
2016 $2,044 $25,230 $5,040 $20,190
2015 $2,208 $25,230 $5,040 $20,190
2014 $2,179 $26,550 $5,300 $21,250
2013 $2,150 $26,550 $5,300 $21,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10315728

Midwest Real Estate Data (MRED)

APN: 93-21-17-453-134