NOT LISTED FOR SALE

1504 Philo Rd Urbana, IL 61802

East Urbana Neighborhood

Estimated Value: $138,000 - $151,000

3 Beds
2 Baths
975 Sq Ft
$149/Sq Ft Est. Value

Sale Details

Date Sold: April 19, 2024

Last sale price $125,000 $128 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,064 / mo

3 Days on Market

Highlights

  • 2 Car Attached Garage
  • Ceiling Fan
  • Paved or Partially Paved Lot
  • 1-Story Property

About This Home

As of April 2024

Both Units currently leased and managed by the Neves Group. Unit #1, main level, leased Section 8 for $750 until 28 Feb 2025. Tenant pays 2/3 of gas, electric, water, garbage, recycle, sewer. Long term tenant that will probably want to renew. New stove and refrigerator 2023. Unit #2, lower level, leased for $850 until 30 Sep 2024, all utilities included, rent subsidized by Regional Planning. Unit #2 was recently updated with new floor coverings and interior paint. Washer and Dryer located in lower level hallway. Attached two car shared garage with openers. Property has been approved by Section 8 which matches City code requirements. City inspected 2023.

Last Agent to Sell the Property

Charles Dawson

RE/MAX REALTY ASSOCIATES-CHA License #475081902 Listed on: 03/11/2024

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Ryan Dallas

RYAN DALLAS REAL ESTATE License #475143433

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,273

Lot Details

  • Lot Dimensions are 65 x 85 x 70 x 115
  • Paved or Partially Paved Lot
  • Irregular Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Thomas Paine Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,273

Lot Details

6,534 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 6 BLOCK 15 CHAMPAIGN-URBANA AMVETS HOMESTEAD ASSOCIATION SUB
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: CO Detectors, Ceiling Fan(s), Water Heater-Gas
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • Lot Features: Irregular Lot, Sidewalks
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Paved

Schools

  • Elementary School: Thomas Paine Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 65 X 85 X 70 X 115
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 3273.18
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
Apr 12, 2024
Sold by
Blitstein Jay A and Simon Rhonda M
Bought by
Jin Lei and Zhang Fan
Seller's Agent
Charles Dawson
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%
Views
32
Current Estimated Value
$144,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,790
Avg. Annual Appreciation
7.87%
Original Mortgage
$93,750
Outstanding Balance
$92,462
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$52,328

Purchase Details

Closed on
Jan 15, 2003
Sold by
Miller Debra S
Bought by
Blitstein Jay A and Simon Rhonda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
6.3%
Source: Public Records
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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
Jin Lei $125,000 None Listed On Document
Blitstein Jay A $85,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jin Lei $93,750
Previous Owner Blitstein Jay A $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2024 04/19/24 Sold $125,000 -3.8% $128 / Sq Ft
03/15/2024 03/15/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $130,000 -- $133 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,494 $36,010 $14,340 $21,670
2023 $3,494 $32,850 $13,080 $19,770
2022 $3,273 $30,240 $12,040 $18,200
2021 $3,042 $28,180 $11,220 $16,960
2020 $2,776 $25,810 $10,270 $15,540
2019 $2,697 $25,810 $10,270 $15,540
Source: Public Records

Agents Affiliated with this Home

  • Charles Dawson

    Seller's Agent in 2024

    Charles Dawson

    RE/MAX

    (217) 202-9206

    4 in this area

    35 Total Sales

    Charles Dawson
    Section Image
  • Ryan Dallas

    Buyer's Agent in 2024

    Ryan Dallas

    RYAN DALLAS REAL ESTATE

    (217) 239-7130

    104 in this area

    2,349 Total Sales

    Ryan Dallas
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11997326

Midwest Real Estate Data (MRED)

APN: 92-21-16-453-002

Illinois Champaign County Urbana 61801 East Urbana

1504 Philo Rd, Urbana, IL

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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