NOT LISTED FOR SALE

1905 N Lincoln Ave Unit 320 Urbana, IL 61801

King Park Neighborhood

Estimated Value: $178,000 - $189,000

4 Beds
4 Baths
1,547 Sq Ft
$350/mo HOA Fee

Last Sold April 08, 2024

Last sale price $167,000 $108 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,511/month

2 Days on Market

Highlights

  • Fitness Center
  • Community Pool
  • Property is near a bus stop
  • Clubhouse
  • Resident Manager or Management On Site
  • Forced Air Heating and Cooling System

About This Home

As of April 2024

Welcome to 1905 N Lincoln Ave Unit 320, Urbana, IL - a luxurious and spacious 4-bedroom, 4-bathroom condominium nestled on the third level of a vibrant community. This fully furnished unit is equipped with modern appliances and adorned with new carpeting throughout. The residence offers a perfect blend of comfort and convenience, featuring a layout that includes four generously sized bedrooms and four well-appointed baths. With an open and inviting ambiance, this unit is designed to accommodate both relaxation and productivity. Residents of this exclusive property enjoy access to a host of amenities, including a clubhouse for social gatherings, a 24-hour fitness center for maintaining a healthy lifestyle, and a 32-seat movie theater for entertainment at your doorstep. Enhance your study sessions in the 24-hour computer lab or group study rooms, and unwind in the game rooms. The resort-style swimming pool adds a touch of luxury, providing a refreshing escape just steps away. Strategically located just 1-2 miles from the University of Illinois, this condo offers the perfect blend of convenience and a serene environment. Public transportation is readily available, making commuting a breeze for residents. The condominium fees cover a comprehensive list of services, including cable/internet, garbage removal, exterior maintenance, lawn care, snow removal, parking, and the upkeep of the site amenities. Laundry facilities within the unit provide an added layer of convenience. Indulge in a lifestyle of comfort, accessibility, and community at 1905 N Lincoln Ave Unit 320 - your gateway to upscale living in Urbana, IL.

Last Agent to Sell the Property

Rose Price

LANDMARK REAL ESTATE License #475122445 Listed on: 02/20/2024

Last Buyer's Agent

Joe Zalabak

KELLER WILLIAMS-TREC License #475151471

KELLER WILLIAMS-TREC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,172

Year Built

  • Built in 2005

Lot Details

  • 1,307

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 1,547 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Included in Price

Schools

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

Additional Features

  • Property is near a bus stop
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include parking, insurance, tv/cable, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, snow removal, internet
  • 208 Units
  • Adam Fredericks Association, Phone Number (217) 367-7368
  • Low-Rise Condominium
  • Property managed by Ramshaw

Amenities

  • Clubhouse
  • Party Room

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 40 lbs
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,172

Year Built

Built in 2005

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Low Rise (1-3 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Low Rise (1-3 Stories)
  • Year Built: 2005
  • 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: 3
  • Legal Description: LOT 3 MELROSE OF URBANA 1ST SUB
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • LivingArea: 1547
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 1547
  • Basement Description: Slab
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1547
  • Basement Sq Ft: 0
  • Total Sq Ft: 1547
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1547
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • List Price: 165000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • OpenParkingSpaces: 4
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Size Limit
  • Association Fee: 350
  • Association Amenities: Exercise Room, Party Room, Pool, Clubhouse, In Ground Pool, Public Bus
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Ramshaw
  • Management Contact Name: Adam fredericks
  • Management Phone: 217-367-7368
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

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: Y

Rental Info

  • Board Number: 22
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 40

Tax Info

  • Tax Annual Amount: 5172
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 208

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Mar 27, 2024
Sold by
Andriamahefa Rakotonirina and Andriamahefa Judith
Bought by
Favila Maynard M
Seller's Agent
Rose Price
LANDMARK REAL ESTATE
Buyer's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
List Price
$165,000
Sold Price
$167,000
Premium/Discount to List
$2,000
1.21%
Views
24
Current Estimated Value
$179,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,398
Avg. Annual Appreciation
7.64%
Original Mortgage
$116,900
Outstanding Balance
$116,010
Interest Rate
8.88%
Mortgage Type
New Conventional
Estimated Equity
$68,306

Purchase Details

Listed on
Feb 20, 2024
Closed on
Mar 11, 2024
Sold by
Favila Maynard M
Bought by
Sheridan Llc
Seller's Agent
Rose Price
LANDMARK REAL ESTATE
Buyer's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
List Price
$165,000
Sold Price
$167,000
Premium/Discount to List
$2,000
1.21%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,900
Outstanding Balance
$116,010
Interest Rate
8.88%
Mortgage Type
New Conventional
Estimated Equity
$68,306

Purchase Details

Closed on
Sep 7, 2010
Sold by
Jenkins Marcia M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 29, 2010
Sold by
Hohnbaum Jennifer L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 25, 2009
Sold by
Federal National Mortgage Association
Bought by
Andriamahefa Rakotonirina and Andriamahefa Judith

Purchase Details

Closed on
Sep 13, 2006
Sold by
Capstone Quarters Urbana Llc
Bought by
Sacro Norman N and Sacro Aida G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage
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
Favila Maynard M $167,000 None Listed On Document
Sheridan Llc -- None Listed On Document
Federal National Mortgage Association -- None Available
Federal National Mortgage Association -- None Available
Andriamahefa Rakotonirina $118,000 Atg
Sacro Norman N $195,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Favila Maynard M $116,900
Previous Owner Sacro Norman N $185,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2024 04/08/24 Sold $167,000 +1.2% $108 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $165,000 -- $107 / 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 $5,085 $48,660 $7,050 $41,610
2018 $4,000 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11985550

Midwest Real Estate Data (MRED)

APN: 91-21-06-477-202