NOT LISTED FOR SALE

1903 N Lincoln Ave Unit 113 Urbana, IL 61801

King Park Neighborhood

Estimated Value: $178,231 - $182,000

4 Beds
4 Baths
1,482 Sq Ft
$281/mo HOA Fee

Last Sold February 16, 2022

Last sale price $144,000 $97 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,419/month

128 Days on Market

About This Home

As of February 2022

Furnished unit with all appliances. Well kept with many updates including A/C/Heat Pump, Washer, Dryer and mattresses. Owner managed. Included is the use of the clubhouse ,24 hour fitness center, 32 seat movie theater , 24 hour computer lab, group study and game rooms w/a resort style swimming pool. It is located 1.2 miles from the University on the bus line. The condo fees cover cable/internet, garbage removal, exterior maintenance, lawn care, snow removal, parking and the upkeep on the site amenities. All four rooms are fully leased until 7/31/2022. A great investment opportunity.

Last Agent to Sell the Property

Hazem Jaber

Coldwell Banker R.E. Group License #475115467 Listed on: 09/10/2021

Coldwell Banker R.E. Group

Last Buyer's Agent

Stefanie Pratt

Coldwell Banker R.E. Group License #475123513

Coldwell Banker R.E. Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,575

Year Built

  • 2006

Lot Details

  • 1,394

HOA Fees

  • $281 per month

Home Design

  • 1,482 Sq Ft Home
  • Brick Exterior Construction

Parking

  • Driveway
  • Uncovered Parking
  • On-Site Parking
  • Parking Included in Price

Community Details

Overview

  • 12 Units
  • Hazem A Jaber Association, Phone Number (217) 621-4965

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,575

Year Built

2006

Lot Details

0

HOA Fees

$281 per month

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo
  • Property Sub Type: Condo
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Legal Description: LOT 3 IN MELROSE OF URBANA 1ST SUBD
  • Directions: On the West side of Lincoln Ave, between I-74 and Bradley Ave
  • Lot Size: CONDO
  • New Construction: No
  • Ownership: Condo
  • Special Features: None
  • Year Built: 2006

Interior Features

  • Has Basement: None
  • Estimated Total Finished Sq Ft: 1482
  • Assessed Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1482
  • Basement Sq Ft: 0
  • Total Sq Ft: 1482
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1482
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Full Bathrooms: 4
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Dining Room Type: No additional rooms
  • Stories: 1

Exterior Features

  • Exterior Building Type: Brick
  • Lot Features: Common Grounds, Other, Sidewalks, Streetlights
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Parking Lot
  • Number of Cars: 4
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: Hazem A Jaber
  • Management Phone: 217-621-4965
  • Association Fee: 281
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Parking, Insurance, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Snow Removal, Other, Internet

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Junior High Dist: 116
  • Middle Or Junior School: Urbana Middle School

Lot Info

  • Special Assessments: U
  • Additional Parcels: No

Rental Info

  • Board Number: 22
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Multi Family

  • Units in Building: 12

Tax Info

  • Tax Annual Amount: 4588.78
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Feb 16, 2022
Sold by
Xinlei And Xiaohua Wang Joint Tenancy Tr
Bought by
Parimi Kiran and Marappu Venu Madhavi
Seller's Agent
Hazem Jaber
Coldwell Banker R.E. Group
Buyer's Agent
Stefanie Pratt
Coldwell Banker R.E. Group
Sold Price
$144,000
Current Estimated Value
$179,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,808
Original Mortgage
$108,000
Outstanding Balance
$100,857
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2012
Sold by
Wang Xinlei and Wang Xiaohua
Bought by
Zhu Boyan

Purchase Details

Closed on
Feb 23, 2012
Sold by
Jhattu Sarbjit S and Gill Talwinder K
Bought by
Wang Xinlei and Wang Xiachua

Purchase Details

Closed on
Aug 8, 2008
Sold by
Capstone Quarters Urbana Llc
Bought by
Jhattu Sarbjit S and Gill Talwinder K
Source: Public Records

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
Parimi Kiran $144,000 None Listed On Document
Zhu Boyan $95,000 None Available
Wang Xinlei $108,500 None Available
Jhattu Sarbjit S $118,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parimi Kiran $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2022 02/16/22 Sold $144,000 -2.7% $97 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/10/2022 01/10/22 For Sale -- -- --
01/05/2022 01/05/22 Pending -- -- --
10/15/2021 10/15/21 For Sale -- -- --
09/16/2021 09/16/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $148,000 -- $100 / 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 $5,575 $64,020 $9,270 $54,750
2023 $5,575 $58,410 $8,460 $49,950
2022 $5,172 $53,780 $7,790 $45,990
2021 $4,763 $50,120 $7,260 $42,860
2020 $4,589 $48,660 $7,050 $41,610
2019 $4,458 $48,660 $7,050 $41,610
2018 $2,651 $31,660 $7,100 $24,560
2017 $2,742 $31,660 $7,100 $24,560
2016 $2,727 $31,660 $7,100 $24,560
2015 $2,758 $31,660 $7,100 $24,560
2014 $2,720 $31,660 $7,100 $24,560
2013 $3,312 $31,660 $7,100 $24,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11214719

Midwest Real Estate Data (MRED)

APN: 91-21-06-477-067