NOT LISTED FOR SALE

1903 N Lincoln Ave Unit 117 Urbana, IL 61801

King Park Neighborhood

Estimated Value: $139,000 - $146,000

2 Beds
2 Baths
909 Sq Ft
$171/mo HOA Fee

Last Sold August 04, 2022

Last sale price $112,000 $123 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,272/month

9 Days on Market

Highlights

  • In Ground Pool
  • Living Room
  • Forced Air Heating and Cooling System
  • Main Floor Bedroom
  • Home Security System
  • Dogs and Cats Allowed

About This Home

As of August 2022

Capstone Quarters complex! You will love all of the community amenities, including a resort-style swimming pool, 24-hour fitness center, TV lounge, 24-hour business center, and 32-seat movie theatre! Live in it yourself or rent it out. Its very common for one person to own the unit and rent out the spare bedrooms 1.5 miles to the University of Illinois campus, bus line stops directly in front of condos.

Last Agent to Sell the Property

Nate Evans

eXp Realty-Mahomet License #475124281 Listed on: 05/13/2022

eXp Realty-Mahomet

Last Buyer's Agent

Wanli Zhang

Trautman Real Estate Agency & Appraisal LLC License #475192146

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,182

Year Built

  • Built in 2006

Lot Details

  • 828

HOA Fees

  • $171 Monthly HOA Fees

Parking

  • Parking Included in Price

Home Design

  • Slab Foundation

Interior Spaces

  • 909 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Home Security System

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool

Schools

  • Urbana Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 12 Units
  • Association Phone (217) 367-7368
  • Property managed by Capstone Quarters

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,182

Year Built

Built in 2006

Lot Details

0

HOA Fees

$171 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2006
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Legal Description: UNIT 117 OF MELROSE CONDOS
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: First Floor Bedroom
  • LivingArea: 909
  • Other Equipment: TV-Cable, CO Detectors, Security System
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 909
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 909
  • Basement Sq Ft: 0
  • Total Sq Ft: 909
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 909
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: In Ground Pool
  • List Price: 115000
  • Waterfront: No
  • Exterior Building Type: Brick,Vinyl Siding

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 171
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Capstone Quarters
  • Management Contact Name: n/a
  • Management Phone: 217-367-7368
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Other

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 3181.8
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jul 14, 2022
Sold by
Muhsin Al-Shabibi Trust
Bought by
Han Siqi
Seller's Agent
Nate Evans
eXp Realty-Mahomet
Buyer's Agent
Wanli Zhang
Trautman Real Estate Agency & Appraisal LLC
List Price
$115,000
Sold Price
$112,000
Premium/Discount to List
-$3,000
-2.61%
Current Estimated Value
$142,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,327
Avg. Annual Appreciation
7.04%

Purchase Details

Closed on
Mar 10, 2022
Sold by
Muhsin Al-Shabibi
Bought by
Muhsin Al-Shabibi Trust

Purchase Details

Closed on
Nov 18, 2011
Sold by
Midwest Houses Llc
Bought by
Al Shabibi Muhsin

Purchase Details

Closed on
Nov 18, 2008
Sold by
Champaign Investment Llc
Bought by
Midwest Houses Llc

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
6.25%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 15, 2008
Sold by
Ruiz Jose and Ruiz Gina
Bought by
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
$76,500
Interest Rate
6.25%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 8, 2006
Sold by
Capstone Quarters Urbana Llc
Bought by
Ruiz Jose and Ruiz Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
6.7%
Mortgage Type
Unknown
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
Han Siqi $112,000 None Listed On Document
Muhsin Al-Shabibi Trust -- Maatuka Al-Heeti Emkes Llc
Al Shabibi Muhsin $71,000 First Community Title
Midwest Houses Llc $76,000 None Available
Champaign Investment Llc $76,000 None Available
Ruiz Jose $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Midwest Houses Llc $76,500
Previous Owner Ruiz Jose $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2022 08/04/22 Sold $112,000 -2.6% $123 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $115,000 -- $127 / 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 $3,905 $46,810 $9,270 $37,540
2023 $3,905 $42,710 $8,460 $34,250
2022 $3,608 $39,330 $7,790 $31,540
2021 $3,956 $36,650 $7,260 $29,390
2020 $3,182 $35,580 $7,050 $28,530
2019 $3,091 $35,580 $7,050 $28,530
2018 $1,814 $23,560 $7,100 $16,460
2017 $1,877 $23,560 $7,100 $16,460
2016 $1,866 $23,560 $7,100 $16,460
2015 $1,887 $23,560 $7,100 $16,460
2014 $1,862 $23,560 $7,100 $16,460
2013 $1,837 $23,560 $7,100 $16,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11403244

Midwest Real Estate Data (MRED)

APN: 91-21-06-477-071