NOT LISTED FOR SALE

Estimated Value: $409,000

0.6 Acre
$681,667 Price per Acre
26,136 Sq Ft Lot

Last Sold January 11, 2019

Last sale price $450,000

Est. 9% decrease in value since last sale

Current estimated payment $2,633/month

62 Days on Market

About This Lot

As of January 2019

Rare opportunity to own prime Commercial Property for development along Springfield Ave/Rt 150 close to U of I Campus & Downtown Champaign! Total of 4 lots available for a total of 26,905.32 SF. Zoned ITMX.

Last Agent to Sell the Property

Brian Hannon

Taylor Realty Associates License #471019689 Listed on: 08/28/2018

Last Buyer's Agent

Brian Hannon

Taylor Realty Associates License #471019689 Listed on: 08/28/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $40,797

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$40,797

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: No Development Status
  • Potential Use: Commercial, Office and Research, Residential-Multi-Family, Retail
  • Total Listed Lots Avail: 4
  • Utilities To Site: Electric to Site, Gas to Site, Sanitary Sewer to Site, Water to Site
  • Zoning Type: COMMR
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Description: Level
  • Road Surface: Concrete

Exterior Features

  • Lot Size: .50-.99 Acre
  • Acreage: 0.6
  • Frontage Access: City Street, Public Road, Signal Intersection, State Road
  • Front Footage: 132

Schools

  • School District: 4
  • Elementary School: Unit 4 School of Choice Elementa
  • Middle School: Champaign Junior/Middle Call Uni
  • High School: Central High School
  • Junior High Dist: 4

Lot Info

  • Lot Dimensions: 132 X 200
  • Estimated Land Sq Ft: 26905.32
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 422012459012

Building Info

  • Buildings On Land: Yes

Tax Info

  • Taxes: 17269.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2021
Sold by
Newcomb Investments Series 212 Llc
Bought by
314 S State Llc
Current Estimated Value
$409,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,880,000
Interest Rate
2.88%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 28, 2018
Closed on
Dec 17, 2018
Sold by
Savvas George P and George P Savvas Trust
Bought by
Newcomb Investments Llc
Seller's Agent
Brian Hannon
Taylor Realty Associates
Buyer's Agent
Brian Hannon
Taylor Realty Associates
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2008
Sold by
Savvas George P
Bought by
Savvas George P
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
314 S State Llc $115,000 Attorney
Newcomb Investments Llc $450,000 Attorney
Savvas George P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Champaign Capital Holdings Llc $4,020,000
Closed 314 S State Llc $1,880,000
Previous Owner Newcomb Investments Llc $435,000
Closed 314 S State Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2019 01/11/19 Sold $450,000 -10.0% --
10/29/2018 10/29/18 Pending -- -- --
08/28/2018 08/28/18 For Sale $500,000 -- --
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 $40,797 $751,210 $21,150 $730,060
2023 $40,797 $684,160 $19,260 $664,900
2022 $1,728 $18,790 $17,770 $1,020
2021 $3,287 $35,910 $16,430 $19,480
2020 $3,292 $35,910 $16,430 $19,480
2019 $3,187 $35,170 $16,090 $19,080
2018 $7,014 $77,950 $15,840 $62,110
2017 $7,044 $77,950 $15,840 $62,110
2016 $6,315 $76,340 $15,510 $60,830
2015 $6,363 $74,990 $15,240 $59,750
2014 $6,309 $74,990 $15,240 $59,750
2013 $6,252 $74,990 $15,240 $59,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10065576

Midwest Real Estate Data (MRED)

APN: 42-20-12-459-012