NOT LISTED FOR SALE

1502 S Race St Unit 4 Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $122,000 - $157,000

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

Last Sold May 21, 2021

Last sale price $110,000 $130 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,269/month

21 Days on Market

Highlights

  • Corner Lot
  • 1 Car Detached Garage
  • Central Air
  • Lower Floor Utility Room
  • Resident Manager or Management On Site
  • 3-minute walk to Blair Park

About This Home

As of May 2021

Unit #4 is in popular Delmont Village, just west of Blair Park - totally remodeled with a unique open floor plan, almost everything is updated! Exceptional kitchen with designer wood cabinets, stainless steel appliances and generous countertops. Central air new in 2013. Bathroom w/ updated fixtures. Laundry in basement with additional secure storage. Garage #4 is conveniently located next to the condo building. Commons area with patio for gardening & grilling. Located near the University of Illinois, UHS & Carle park.- bus stop in front. Condo fee includes: heat, water, lawn, snow removal, landscaping, garbage, exterior insurance, interior maintenance, and ample reserves.

Last Agent to Sell the Property

Susan Frobish

Heartland Real Estate of Central Illinois, Inc License #475132373 Listed on: 03/23/2021

Last Buyer's Agent

Tim Drollinger

RE/MAX REALTY ASSOCIATES-CHA License #471007983

RE/MAX REALTY ASSOCIATES-CHA

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,127

Year Built

  • Built in 1949 | Remodeled in 2011

Lot Details

  • 915

HOA Fees

  • $318 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Transmitter
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 848 Sq Ft Home
  • 2-Story Property
  • Lower Floor Utility Room
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Schools

  • Leal Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Central Air
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • 6 Units
  • Myrna Webber Association, Phone Number (217) 403-3409
  • Delmont Village Condominiums Subdivision
  • Property managed by CBDR

Pet Policy

  • Pets up to 35 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,127

Year Built

Built in 1949 | Remodeled in 2011

Lot Details

0

HOA Fees

$318 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Delmont Village Condominiums
  • Year Built: 1949
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 2
  • Rehab Year: 2011
  • Legal Description: UNIT 104 AND GARGE UNIT G-4 DELMONT VILLAGE APTS.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Renovated: 2011

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 848
  • Other Equipment: TV-Cable
  • Room Type: Utility Room-Lower Level
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 848
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 848

Exterior Features

  • DirectionFaces: East
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Concrete
  • Garage Details: Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Steam
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee Frequency: Not Applicable
  • Management: Manager Off-site
  • Master Association Fee: Yes
  • Master Association Fee Frequency: Monthly
  • Management Company: CBDR
  • Management Contact Name: Myrna Webber
  • Management Phone: 217-403-3409
  • Master Association Fee: 318

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Leal Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 35

Tax Info

  • Tax Annual Amount: 2126.58
  • Tax Year: 2019

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2021
Closed on
May 27, 2021
Sold by
Kalman Laura
Bought by
Neumann Kevin
Seller's Agent
Susan Frobish
Heartland Real Estate of Central Illinois, Inc
Buyer's Agent
Tim Drollinger
RE/MAX REALTY ASSOCIATES-CHA
List Price
$98,500
Sold Price
$110,000
Premium/Discount to List
$11,500
11.68%
Current Estimated Value
$138,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,783
Avg. Annual Appreciation
5.24%
Original Mortgage
$85,000
Outstanding Balance
$77,656
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$61,127
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Neumann Kevin $110,000 Act
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neumann Kevin $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2021 05/21/21 Sold $110,000 +11.7% $130 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $98,500 -- $116 / 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 $2,655 $33,930 $6,770 $27,160
2023 $2,655 $30,960 $6,180 $24,780
2022 $2,436 $28,510 $5,690 $22,820
2021 $2,868 $26,570 $5,300 $21,270
2020 $2,695 $25,050 $5,000 $20,050
2019 $2,618 $25,050 $5,000 $20,050
2018 $2,607 $25,230 $5,040 $20,190
2017 $2,696 $25,230 $5,040 $20,190
2016 $2,682 $25,230 $5,040 $20,190
2015 $2,853 $25,230 $5,040 $20,190
2014 $2,815 $26,550 $5,300 $21,250
2013 $2,778 $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: MRD11029257

Midwest Real Estate Data (MRED)

APN: 93-21-17-453-004