Seller's Agent in 2024
Max Mitchell
RE/MAX
(217) 369-0376
6 in this area
135 Total Sales
1903 N Lincoln Ave Unit 327 Urbana, IL 61801
King Park Neighborhood
4
Beds
4
Baths
1,480
Sq Ft
1,394
Sq Ft Lot
Highlights
- Living Room
- Central Air
- Family Room
- Laundry Room
- Dining Room
About This Home
As of November 2024Located in the desirable Capstone Subdivision, 1903 N. Lincoln, Unit 327 in Urbana, IL, is an investor's dream. This 4-bedroom, 4-bathroom property is situated on the third floor of a walk-up and offers plenty of space for comfortable living, featuring vaulted ceilings that create an open, airy feel throughout. Fully leased through summer 2025, this home guarantees immediate rental income, making it an ideal opportunity for savvy investors looking for a low-maintenance property with an established tenant base. The unit features access to a range of amenities, including a sparkling pool perfect for warm-weather relaxation and a convenient bus service providing easy transportation to the nearby university campus. Whether for students or professionals, the ease of access to campus adds tremendous appeal for renters. In addition to its fantastic location and features, this property is ready for a quick close, allowing investors to jump on this opportunity without delay. Whether you are adding to your portfolio or just starting out, Unit 327 at 1903 N. Lincoln offers stability, convenience, and the perfect chance to grow your investments in a highly desirable area.
Last Agent to Sell the Property
RE/MAX REALTY ASSOCIATES-CHA License #471002297 Listed on: 10/29/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,575
Year Built
- Built in 2007
Home Design
- Vinyl Siding
Interior Spaces
- 1,480 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Full Bathrooms
Parking
- 1 Parking Space
- Uncovered Parking
- Parking Space is Owned
Schools
- Urbana Middle Elementary School
- Urbana High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Community Details
Overview
- 208 Units
- Adam Fredericks Association, Phone Number (217) 367-7368
- Property managed by Ramshaw
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 29, 2024
Closed on
Nov 5, 2024
Sold by
Bluggy Properties Llc
Bought by
Ap Legacy Properties Llc
Seller's Agent
Max Mitchell
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
David Ayabarreno
RE/MAX Plaza
Sold Price
$170,000
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,565
Avg. Annual Appreciation
0.60%
Purchase Details
Listed on
Jul 6, 2021
Closed on
Aug 3, 2021
Sold by
Shouk Michael R and Kaufman Donna
Bought by
Bluggy Properties Llc
Seller's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
Buyer's Agent
Max Mitchell
RE/MAX REALTY ASSOCIATES-CHA
List Price
$149,000
Sold Price
$138,000
Premium/Discount to List
-$11,000
-7.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Purchase Details
Closed on
Oct 9, 2013
Sold by
Shonk Michael S
Bought by
Shonk Michael S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 31, 2006
Sold by
Capstone Quarters Urbana Llc
Bought by
Shonk Michael S and Shonk Donna L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
6.7%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $170,000 | None Listed On Document | |
| Warranty Deed | $170,000 | None Listed On Document | |
| Warranty Deed | $138,000 | Attorney | |
| Quit Claim Deed | -- | -- | |
| Special Warranty Deed | $192,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $174,500 | New Conventional | |
| Previous Owner | $182,400 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/07/2024 11/07/24 | Sold | $170,000 | +23.2% | $115 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 08/04/2021 08/04/21 | Sold | $138,000 | -7.4% | $93 / Sq Ft |
| 07/22/2021 07/22/21 | Pending | -- | -- | -- |
| 07/06/2021 07/06/21 | For Sale | $149,000 | -- | $101 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,410 | $50,120 | $7,260 | $42,860 |
| 2020 | $4,589 | $48,660 | $7,050 | $41,610 |
| 2019 | $5,085 | $48,660 | $7,050 | $41,610 |
| 2018 | $3,380 | $38,720 | $7,100 | $31,620 |
| 2017 | $3,497 | $38,720 | $7,100 | $31,620 |
| 2016 | $3,478 | $38,720 | $7,100 | $31,620 |
| 2015 | $3,516 | $38,720 | $7,100 | $31,620 |
| 2014 | $3,469 | $38,720 | $7,100 | $31,620 |
| 2013 | $3,423 | $38,720 | $7,100 | $31,620 |
Source: Public Records
Agents Affiliated with this Home
-
Max Mitchell
-
David Ayabarreno
Buyer's Agent in 2024
David Ayabarreno
RE/MAX Plaza
(847) 542-4592
2 in this area
99 Total Sales
-
Ryan Dallas
Seller's Agent in 2021
Ryan Dallas
RYAN DALLAS REAL ESTATE
(217) 712-3853
32 in this area
2,370 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12195997
APN: 91-21-06-477-131
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