NOT LISTED FOR SALE

Estimated Value: $82,000 - $104,000

0.51 Acre
$181,647 Price per Acre
22,216 Sq Ft Lot

Last Sold June 14, 2023

Last sale price $85,000

Est. 9% increase in value since last sale

Current estimated payment $611/month

34 Days on Market

About This Lot

As of June 2023

This wonderful property located on half an acre of land in Beringer Commons is ready for its new owners! This large lot on the primary lake makes this the perfect spot to build your dream home. This lot is ideal for a large ranch home with potential for a walk-out basement and a yard perfect for entertaining. New residential construction in Urbana can take advantage of the Think Urbana Program which lowers the cost of new residential construction by saving on property taxes during the first five years and reducing the sales tax on construction materials. You can find more information on the Think Urbana website. Give us a call with any questions regarding this property!

Last Agent to Sell the Property

Steve Littlefield

KELLER WILLIAMS-TREC License #475138856 Listed on: 04/10/2023

KELLER WILLIAMS-TREC

Last Buyer's Agent

Steve Littlefield

KELLER WILLIAMS-TREC License #475138856 Listed on: 04/10/2023

KELLER WILLIAMS-TREC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,615

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 154x193x119
  • Waterfront

Schools

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

Additional Features

  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$2,615

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Road Surface Type: Concrete
  • General Information: School Bus Service,Interstate Access
  • Legal Description: LOT 436R BERINGER COMMONS SUB NO 4, REPLAT LOT 436, 437 AND 438
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 154
  • Frontage Type: City Street
  • List Price: 92000
  • Waterfront: Yes

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby

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 Size Acres: 0.51
  • Lot Dimensions: 154X193X119
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 2614.92
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Jun 14, 2023
Sold by
Craw Stephen
Bought by
Garduno Uriel Sanchez and Sanchez Joy Wilson
Seller's Agent
Steve Littlefield
KELLER WILLIAMS-TREC
Buyer's Agent
Steve Littlefield
KELLER WILLIAMS-TREC
List Price
$92,000
Sold Price
$85,000
Premium/Discount to List
-$7,000
-7.61%
Total Days on Market
34
Views
37
Current Estimated Value
$92,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,640
Avg. Annual Appreciation
4.42%

Purchase Details

Listed on
Jan 18, 2018
Closed on
Feb 14, 2020
Sold by
Colbrook William P and Colbrook Kim G
Bought by
Craw Stephen and Craw Donna
Seller's Agent
Steve Littlefield
KELLER WILLIAMS-TREC
Buyer's Agent
Steve Littlefield
KELLER WILLIAMS-TREC
List Price
$122,000
Sold Price
$82,500
Premium/Discount to List
-$39,500
-32.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.90%

Purchase Details

Closed on
Oct 23, 2009
Sold by
Kazemi Abbas and Kazemi Roghayeh
Bought by
Colbrook William P and Colbrook Kim G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,022
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2005
Sold by
East Urbana Development Corp
Bought by
Kazemi Abbas and Kazemi Roghayeh
Source: Public Records

Similar Property in Urbana, IL

  • 3017 E Beringer Cir, Urbana, IL 61802

    $79,000

    • Land
    • 0.38 Acre
    • $207,895 per Acre
    • 3017 E Beringer Cir
    • Urbana, IL

    Tucked away on the NE side of Urbana, it's time to Build your Dream Home HERE. SAVE approximately 55% off property taxes over 5 Years with the Think Urbana Program in place. That's like FREE money! AND No Sales tax on materials either! It's a WIN/WIN. This subdivision boasts 4 bodies of water and walking paths throughout. There are lake properties as well as non-lake lots available.

    Stefanie Pratt Coldwell Banker R.E. Group

    Section Image

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
Garduno Uriel Sanchez -- None Listed On Document
Craw Stephen $82,500 Allied Capital Title
Colbrook William P $108,500 None Available
Kazemi Abbas $92,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colbrook William P $80,000
Previous Owner Colbrook William P $41,966
Previous Owner Colbrook William P $107,022
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $85,000 -7.6% --
05/15/2023 05/15/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $92,000 +11.5% --
02/14/2020 02/14/20 Sold $82,500 0.0% --
01/21/2020 01/21/20 Pending -- -- --
01/10/2020 01/10/20 Off Market $82,500 -- --
01/03/2020 01/03/20 Pending -- -- --
03/28/2018 03/28/18 Price Changed $112,000 -8.2% --
01/18/2018 01/18/18 For Sale $122,000 -- --
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 $3,001 $30,000 $30,000 --
2023 $3,001 $27,370 $27,370 $0
2022 $2,818 $25,200 $25,200 $0
2021 $2,615 $23,490 $23,490 $0
2020 $2,527 $22,810 $22,810 $0
2019 $2,457 $22,810 $22,810 $0
2018 $2,463 $22,970 $22,970 $0
2017 $2,500 $22,970 $22,970 $0
2016 $2,418 $22,090 $22,090 $0
2015 $2,409 $22,090 $22,090 $0
2014 $2,342 $22,090 $22,090 $0
2013 $2,311 $22,090 $22,090 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11755681

Midwest Real Estate Data (MRED)

APN: 91-21-10-405-035