NOT LISTED FOR SALE

1502 S Race St Unit 2 Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $90,000 - $103,000

1 Bed
1 Bath
569 Sq Ft
$225/mo HOA Fee

Last Sold January 17, 2023

Last sale price $75,500 $133 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $884/month

11 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Living Room
  • Main Floor Bedroom
  • Brick Porch or Patio
  • 3-minute walk to Blair Park

About This Home

As of January 2023

Modern and bright!! This charming 1 bedroom Delmont condo offers easy access to the University, all that downtown Urbana has to offer, parks, hospitals and more!! Living, bedroom, and hallway feature beautiful parquet hardwood floors. Sunlight beams through the updated windows, all fitted with new top-down, bottom-up blinds. You will love the kitchen - fully remodeled with white shaker cabinets, all black countertops, stainless steel appliances and tile floor with room for dining! Updated bathroom features a newer vanity, refurbished tub, and new toilet; the original tile floor is in pristine condition. This ground floor unit has great storage but offers additional space for bikes etc. in the shared basement with washer and dryer for all to use. Brand new AC (6K, replaced in 2020) has been annually serviced. Owner has rented a garage space for $40 monthly at Delmont for the past 3 years. The lessor of the garage is an owner at Delmont who would be delighted to transfer the lease to the new buyer! The Delmont Village Association is diligent and well funded: all buildings have gorgeous new roofs & gutters; new boilers and hot water lines have also been recently replaced. All garages, lamp posts, exterior entrances & interior hallways were painted last year and the grounds / landscaping is pristine! Monthly HOA fee of $225 includes: heat, water, lawn care, trash removal, snow removal, shared washer/dryer and exterior building insurance and maintenance.

Last Agent to Sell the Property

Kimberly Clark

RE/MAX REALTY ASSOCIATES-CHA License #475132428 Listed on: 12/02/2022

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Nate Evans

eXp Realty-Mahomet License #475124281

eXp Realty-Mahomet

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $983

Year Built

  • Built in 1942

Lot Details

  • 523

HOA Fees

  • $225 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 569 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Storage
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Outdoor Features

  • Brick Porch or Patio
  • Outdoor Grill

Schools

  • Urbana Elementary School
  • Urbana High School

Utilities

  • Central Air
  • Heating System Uses Steam
  • 150 Amp Service

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 6 Units
  • Manager Off Site Association, Phone Number (217) 000-0000
  • Low-Rise Condominium
  • Property managed by Manager Off-Site

Amenities

  • Laundry Facilities
  • Community Storage Space

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$983

Year Built

Built in 1942

Lot Details

0

HOA Fees

$225 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Low Rise (1-3 Stories),Vintage
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Low Rise (1-3 Stories),Vintage
  • Year Built: 1942
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Legal Description: NONE
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Full Bath, Storage
  • LivingArea: 569
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 569
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 569
  • Basement Sq Ft: 0
  • Square Footage Comments: Minon
  • Total Sq Ft: 569
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 569
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Patio, Brick Paver Patio, Outdoor Grill
  • Foundation Details: Block
  • List Price: 77500
  • Lot Features: Corner Lot
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Driveway: Other
  • Parking: None
  • Type: Eating Area-Table Space

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 150 Amp Service
  • Heating: Steam
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Size Limit
  • Association Fee: 225
  • Association Amenities: Storage, Laundry
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Manager Off-Site
  • Management Contact Name: Manager Off-Site
  • Management Phone: 217-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Elementary School
  • Middle/Junior School District: 116

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 983.42
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2019
Closed on
Sep 6, 2019
Sold by
Ramsey Julie A and Ramsey Jacob C
Bought by
Chaplin Tamara and Chaplin Anton S
Seller's Agent
Jill Hess
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Kimberly Clark
RE/MAX REALTY ASSOCIATES-CHA
List Price
$62,500
Sold Price
$58,000
Premium/Discount to List
-$4,500
-7.2%
Current Estimated Value
$89,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,096
Avg. Annual Appreciation
8.14%

Purchase Details

Closed on
Feb 8, 2017
Sold by
Tatman Paul L
Bought by
Ramsey Jacob C and Ramsey Julie A

Purchase Details

Listed on
Feb 24, 2016
Closed on
Aug 3, 2016
Sold by
Lazano Gary L and Lazano Dora J
Bought by
Tatman Paul L
Seller's Agent
Martha Leary
LANDMARK REAL ESTATE
Buyer's Agent
John Kachoyeanos
KELLER WILLIAMS-TREC
List Price
$59,900
Sold Price
$48,000
Premium/Discount to List
-$11,900
-19.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%

Purchase Details

Closed on
Nov 9, 2007
Sold by
Lozano Gary L and Lozano Dora J
Bought by
Lozano Gary L and Lozano Dora J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,800
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2007
Sold by
Patel Hasmukh I
Bought by
Lozano Gary L and Lozano Dora J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,800
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2004
Sold by
Gates Gloria K
Bought by
Patel Hasmukh I
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
Chaplin Tamara $58,000 Attorney
Ramsey Jacob C $50,000 Attorney
Tatman Paul L $48,000 None Available
Lozano Gary L -- None Available
Lozano Gary L $71,000 None Available
Patel Hasmukh I $57,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Empleo Walfredo $50,000
Previous Owner Lozano Gary L $56,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $75,500 -2.6% $133 / Sq Ft
12/14/2022 12/14/22 Pending -- -- --
12/02/2022 12/02/22 For Sale $77,500 +33.6% $136 / Sq Ft
09/20/2019 09/20/19 Sold $58,000 -7.2% $97 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $62,500 +30.2% $104 / Sq Ft
08/17/2016 08/17/16 Sold $48,000 -19.9% $80 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
02/24/2016 02/24/16 For Sale $59,900 -- $100 / 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 $2,005 $27,240 $5,450 $21,790
2023 $2,005 $24,850 $4,970 $19,880
2022 $986 $22,890 $4,580 $18,310
2021 $983 $21,330 $4,270 $17,060
2020 $1,518 $20,110 $4,030 $16,080
2019 $952 $20,110 $4,030 $16,080
2018 $1,472 $20,250 $4,060 $16,190
2017 $1,523 $20,250 $4,060 $16,190
2016 $1,515 $20,250 $4,060 $16,190
2015 $1,645 $20,250 $4,060 $16,190
2014 $1,623 $21,310 $4,270 $17,040
2013 $1,602 $21,310 $4,270 $17,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11682279

Midwest Real Estate Data (MRED)

APN: 93-21-17-453-135