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 $1,078 / mo

About This Home

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.

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
7.51%
Original Mortgage
$93,750
Outstanding Balance
$91,998
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$52,792

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
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 Prior Sale
04/19/2024 04/19/24 Sold $125,000 -3.8% $128 / Sq Ft View Prior Sale
03/15/2024 03/15/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $130,000 -- $133 / Sq Ft

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
2025 $3,714 $38,100 $15,170 $22,930
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
2018 $2,685 $25,990 $10,340 $15,650
2017 $2,778 $25,990 $10,340 $15,650
2016 $2,762 $25,990 $10,340 $15,650
2015 $2,793 $25,990 $10,340 $15,650
2014 $2,755 $25,990 $10,340 $15,650
2013 $2,861 $27,350 $10,880 $16,470
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

    102 in this area

    2,339 Total Sales

    Ryan Dallas
    Section Image
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Map

Illinois Champaign County Urbana 61801 East Urbana

1504 Philo Rd, Urbana, IL

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