NOT LISTED FOR SALE

1503 W University Ave Champaign, IL 61821

Estimated Value: $211,929 - $226,000

3 Beds
2 Baths
1,576 Sq Ft
$139/Sq Ft Est. Value

Last Sold June 10, 2020

Last sale price $159,900 $101 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,586/month

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Detached Garage
  • Central High School Rated A
  • Heated Sun or Florida Room
  • Bathroom on Main Level

About This Home

As of June 2020

Don't miss this move-in ready Bungalow with character and charm throughout! This desirable home has been loved and is ready for it's new owner offering 3 bedrooms and 2 bathrooms, and 2.5 car garage. You will fall in love with it's gorgeous hardwoods, cozy fireplace in living room, and relax in the peaceful sunroom. The spacious deck is perfect for your backyard bbq's and it's fully fenced yard has great privacy in the heart of town. This home has it all, adding even more possibilities with it's unfinished basement; offering additional storage and more potential living space. Conveniently located on one of Champaign's historic streets, a few doors down from the park. Check out the 3D tour and schedule your private & safe showing today!

Last Listed By

Joanna Smith

Real Broker, LLC License #475182009 Listed on: 04/10/2020

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,436

Year Built

  • 1949

Lot Details

  • 7,884

Parking

  • Detached Garage
  • Garage Is Owned

Home Design

  • Vinyl Siding

Interior Spaces

  • Wood Burning Fireplace
  • Heated Sun or Florida Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $1,100 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,436

Year Built

1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 71-80 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Square Footage Comments: Reallustrations
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 1576
  • Unfinished Basement Sq Ft: 1002
  • Type Detached: 1.5 Story
  • Estimated Year Built: 1949
  • Tax Exemptions: Homeowner
  • Total Sq Ft: 2578
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1949

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath
  • Number Of Rooms: 7
  • Living Room: Dimensions: 17X12, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Unfinished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 10X10, On Level: Basement
  • Dining Room: Dimensions: 14X9, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Kitchen Type: Dimensions: 10X9, On Level: Main Level, Flooring: Ceramic Tile, Windows: None
  • Additional Rooms: Sun/Florida Room Heated
  • Master Bedroom: Dimensions: 12X10, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Additional Room 1 Name: Sun/Florida Room Heated, Dimensions: 13X11, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 2: Dimensions: 11X10, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 30X13, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 1576
  • Estimated Total Finished Sq Ft: 1576
  • Basement Sq Ft: 1002
  • Main Level Sq Ft: 1343
  • Upper Level Sq Ft: 233
  • Dining Room Type: Separate

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2.5
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Forced Air

Schools

  • School District: 4
  • Elementary School: Champaign/Middle Call Unit 4 351
  • Middle School: Champaign/Middle Call Unit 4 351
  • High School: Central High School
  • Junior High Dist: 4

Lot Info

  • Lot Dimensions: 66 X 120
  • Parcel Identification Number: 412011376009

Tax Info

  • Taxes: 3622.80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2020
Closed on
Jun 10, 2020
Sold by
Studniarz Debra M
Bought by
Hansen Mary Katherine
Seller's Agent
Joanna Smith
Real Broker, LLC
Buyer's Agent
Scott Bechtel
KELLER WILLIAMS-TREC
List Price
$159,900
Sold Price
$159,900
Total Days on Market
0
Current Estimated Value
$219,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,332
Avg. Annual Appreciation
7.00%
Original Mortgage
$127,920
Outstanding Balance
$114,477
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$108,762

Purchase Details

Closed on
Jul 26, 2017
Sold by
Rewerts Kara
Bought by
Studniarz Debra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2013
Sold by
Cooperman Cory M
Bought by
Rewerts Kara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 27, 2011
Sold by
Nelson Jacob P and Nelson Judith A
Bought by
Cooperman Cory M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,850
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2011
Sold by
Nelson Jacob P and Nelson Judith A
Bought by
Nelson Jacob P and Nelson Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,699
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2010
Sold by
Nelson Jacob P
Bought by
Nelson Jacob P and Bowles Judith A

Purchase Details

Closed on
Jun 4, 2007
Sold by
Nelson Jacob P and Graham Erin E
Bought by
Nelson Jacob P

Purchase Details

Closed on
Jan 27, 2006
Sold by
Taylor Robert J and Taylor Amy L
Bought by
Nelson Jacob P and Graham Erin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,800
Interest Rate
6.34%
Mortgage Type
Stand Alone Second

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
Hansen Mary Katherine $160,000 Attorney
Studniarz Debra M $150,000 None Available
Rewerts Kara $142,500 None Available
Cooperman Cory M $143,000 Allied Title Services Inc
Nelson Jacob P -- None Available
Nelson Jacob P -- Chicago Title Insurance Co
Nelson Jacob P -- Chicago Title Insurance Co
Nelson Jacob P $139,000 Allied Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hansen Mary Katherine $127,920
Previous Owner Studniarz Debra M $15,000
Previous Owner Studniarz Debra M $100,000
Previous Owner Rewerts Kara $130,000
Previous Owner Cooperman Cory M $135,850
Previous Owner Nelson Jacob P $133,699
Previous Owner Nelson Jacob P $27,800
Previous Owner Nelson Jacob P $111,200
Previous Owner Taylor Robert J $25,000
Previous Owner Taylor Robert J $98,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2020 06/10/20 Sold $159,900 0.0% $101 / Sq Ft
04/10/2020 04/10/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $159,900 -- $101 / 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 $4,436 $60,590 $11,030 $49,560
2023 $4,436 $55,190 $10,050 $45,140
2022 $4,130 $50,910 $9,270 $41,640
2021 $4,020 $49,910 $9,090 $40,820
2020 $3,850 $47,990 $8,740 $39,250
2019 $3,715 $47,000 $8,560 $38,440
2018 $3,623 $46,260 $8,430 $37,830
2017 $3,484 $44,560 $8,120 $36,440
2016 $3,113 $43,640 $7,950 $35,690
2015 $3,128 $42,870 $7,810 $35,060
2014 $3,102 $42,870 $7,810 $35,060
2013 $3,074 $42,870 $7,810 $35,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10684251

Midwest Real Estate Data (MRED)

APN: 41-20-11-376-009