NOT LISTED FOR SALE

1516 Kings Way Champaign, IL 61821

Dobbins Downs Neighborhood

Estimated Value: $102,000 - $134,648

3 Beds
1 Bath
970 Sq Ft
$122/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $80,000 $82 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $846/month

Highlights

  • Ranch Style House
  • Wood Flooring
  • Laundry Room
  • Central High School Rated A
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of October 2023

This nearly flawless starter home or investment property showcases continuous hardwood flooring. The living room boasts expansive windows that lead to the eat-in kitchen, complete with appliances and oak cabinets. This area seamlessly connects to the laundry room and offers access to the backyard. The home encompasses three bedrooms and a full bath. Additional storage is available in the backyard via a garden shed.

Last Agent to Sell the Property

Scott Bechtel

KELLER WILLIAMS-TREC License #471003745 Listed on: 09/01/2023

KELLER WILLIAMS-TREC

Co-Listed By

Mike Elliott

KELLER WILLIAMS-TREC License #475167852

Last Buyer's Agent

Lisa Duncan

KELLER WILLIAMS-TREC License #475142322

KELLER WILLIAMS-TREC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,182

Year Built

  • Built in 1972

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 65x100

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 970 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Crawl Space
  • Laundry Room

Kitchen

  • Built-In Oven
  • Range with Range Hood

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Schools

  • Unit 4 Of Choice Elementary And Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Regency West Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,182

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Regency West
  • Year Built: 1972
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 58 REGENCY WEST
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Oven, Range Hood, Range, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 970
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 970
  • Assessed Sq Ft: 960
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 970
  • Basement Sq Ft: 0
  • Total Sq Ft: 970
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 970
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 80000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Sidewalks
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Central High School
  • Middle/Junior School: Unit 4 Of Choice
  • Middle/Junior School District: 4

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 65X100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 2181.66
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Sep 8, 2023
Sold by
Nierstheimer Jonathan Ray and Nierstheimer Melissa
Bought by
Florenzia Flats Llc
Seller's Agent
Scott Bechtel
KELLER WILLIAMS-TREC
Buyer's Agent
Lisa Duncan
KELLER WILLIAMS-TREC
List Price
$80,000
Sold Price
$80,000
Views
1
Current Estimated Value
$117,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,912
Avg. Annual Appreciation
24.05%

Purchase Details

Closed on
Jan 8, 2008
Sold by
1516 Kingsway Land Trust Champaign Inves
Bought by
Nierstheimer Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2007
Sold by
Doran Kristina
Bought by
1516 Kingsway Land Trust and Champaign Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2004
Sold by
Tran Linh Q
Bought by
Doran Kristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,450
Interest Rate
8.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2003
Sold by
Hud
Bought by
Tran Linh Q

Purchase Details

Closed on
Nov 20, 2002
Sold by
Brewer Nicole M
Bought by
Hud
Source: Public Records

Range of Values:

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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
Florenzia Flats Llc $80,000 None Listed On Document
Nierstheimer Jon $60,000 None Available
1516 Kingsway Land Trust $47,000 Aegis Title
Doran Kristina $71,000 --
Tran Linh Q -- --
Hud -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nierstheimer Jon $49,900
Previous Owner Nierstheimer Jon $54,000
Previous Owner Doran Kristina $67,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $80,000 0.0% $82 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $80,000 -- $82 / 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 $2,337 $39,290 $9,190 $30,100
2023 $2,337 $35,580 $8,320 $27,260
2022 $2,182 $32,920 $7,700 $25,220
2021 $2,069 $31,540 $7,380 $24,160
2020 $1,986 $30,350 $7,100 $23,250
2019 $1,947 $30,350 $7,100 $23,250
2018 $1,867 $29,380 $6,870 $22,510
2017 $1,870 $29,380 $6,870 $22,510
2016 $1,542 $27,230 $6,370 $20,860
2015 $1,534 $26,560 $6,210 $20,350
2014 $1,485 $26,090 $6,100 $19,990
2013 $1,440 $25,800 $6,030 $19,770
Source: Public Records

Agents Affiliated with this Home

  • Scott Bechtel

    Seller's Agent in 2023

    Scott Bechtel

    KELLER WILLIAMS-TREC

    (217) 239-7202

    1 in this area

    278 Total Sales

    Section Image
  • Mike Elliott

    Seller Co-Listing Agent in 2023

    Mike Elliott

    KELLER WILLIAMS-TREC

    (217) 239-7202

    1 in this area

    47 Total Sales

    Section Image
  • Lisa Duncan

    Buyer's Agent in 2023

    Lisa Duncan

    KELLER WILLIAMS-TREC

    (217) 417-8402

    2 in this area

    401 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11873168

Midwest Real Estate Data (MRED)

APN: 12-14-35-328-020

Illinois Champaign County Champaign 61821 Dobbins Downs

1516 Kings Way, Champaign, IL

This home is located at 1516 Kings Way, Champaign, IL 61821 since 01 September 2023 and is currently estimated at $117,912, approximately $121 per square foot. This property was built in 1972. 1516 Kings Way is a home located in Champaign County with nearby schools including Central High School, Judah Christian School, and St. John Lutheran School.

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