NOT LISTED FOR SALE

1505 E Florida Ave Urbana, IL 61802

Southeast Urbana Neighborhood

Estimated Value: $16,782,414

-- Bed
-- Bath
-- Sq Ft
7 Acres

About This Home

This home is located at 1505 E Florida Ave, Urbana, IL 61802 and is currently estimated at $16,782,414. 1505 E Florida Ave is a home located in Champaign County with nearby schools including Thomas Paine Elementary School, Urbana Middle School, and Urbana High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2025
Sold by
Crs Multifamily Llc
Bought by
Tp Borrower Llc
Current Estimated Value
$16,782,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,783,000
Outstanding Balance
$13,662,829
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$1,756,100

Purchase Details

Closed on
Mar 31, 2022
Sold by
Pointe At U Of I Llc
Bought by
Crs Multifamily Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,600,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2013
Sold by
Osk Ii Llc
Bought by
The Pointe At U Of I Llc and Bradley Square Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2012
Sold by
Ctc Illinois Properties Llc
Bought by
Philo Plaza Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Tp Borrower Llc $16,340,000 First American Title
Crs Multifamily Llc $13,250,000 None Listed On Document
The Pointe At U Of I Llc $7,100,000 Cti
Philo Plaza Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tp Borrower Llc $14,783,000
Previous Owner Crs Multifamily Llc $10,600,000
Previous Owner Osk Ii Llc $3,000,000
Previous Owner Ctc Illinois Properties Llc $290,000
Source: Public Records

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 $327,440 $3,373,820 $245,390 $3,128,430
2023 $327,440 $3,078,310 $223,900 $2,854,410
2022 $306,811 $2,834,540 $206,170 $2,628,370
2021 $300,176 $2,780,720 $202,250 $2,578,470
2020 $322,666 $2,999,700 $218,180 $2,781,520
2019 $313,469 $2,999,700 $218,180 $2,781,520
2018 $309,899 $2,999,700 $184,620 $2,815,080
2017 $320,596 $2,999,700 $184,620 $2,815,080
2016 $318,832 $2,999,700 $184,620 $2,815,080
2015 $322,360 $2,999,700 $184,620 $2,815,080
2014 $300,939 $2,999,700 $184,620 $2,815,080
2013 $258,971 $2,999,700 $184,620 $2,815,080
Source: Public Records

Map

Illinois Champaign County Urbana 61802 Southeast Urbana

1505 E Florida Ave, Urbana, IL

This home is located at 1505 E Florida Ave, Urbana, IL 61802 and is currently estimated at $16,782,414. 1505 E Florida Ave is a home located in Champaign County with nearby schools including Thomas Paine Elementary School, Urbana Middle School, and Urbana High School.

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.

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