J
Seller's Agent in 2021
Jonah Weisskopf
Weiner Co., Ltd.
(217) 621-3196
30 in this area
49 Total Sales
302 W Locust St Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $694,000 - $694,691
12
Beds
12
Baths
--
Sq Ft
7,667
Sq Ft Lot
About This Home
As of April 2021Thus building features 12 well maintained 1bedroom apartments. 4 garden level units feature ceramic floor, new kitchens, and large windows. The 8 first floor and second floor apartments feature refinished hardwood floors, new kitchens, new windows, and coin operated laundry in the basement. Parking lot includes 12 parking spots. Location is two blocks from downtown Urbana. Terrific location. West Urbana portfolio for sale includes the following properties 302 West Locust: 624,000 12 one bedroom apartments 709 West Illinois: 244,000 2 three bedroom apartments 602 Busey: 164,000 3 one bedroom apartments 703 West High: 159,000 1 one bedroom apartment/1 three bedroom apartment 103 Coler: 224,000 4 one bedroom apartments 304 Locust: 199,000 4 one bedroom apartments 509 Nevada: 274,000 2 one bedroom apartments/3 studio apartments/1 four bedroom apartment 1008 Busey: 474,000 5 large 2 bedroom apartments/ 2 studio apartments Total units: 40 total apartments Total price: $2,363,000 Total gross rents: $26,904
Last Agent to Sell the Property
Weiner Co., Ltd. License #475155882 Listed on: 09/21/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,284
Year Built
- 1960
Lot Details
- 7,667
Community Details
- Insurance Expense $388
Listing and Financial Details
- Tenant pays for air conditioning, electric, heat
- $37,500 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2020
Closed on
Apr 21, 2021
Sold by
Footprint Leasing Llc
Bought by
302 W Locust Llc
Seller's Agent
Jonah Weisskopf
Weiner Co., Ltd.
Buyer's Agent
Kenneth Dooley
Compass
List Price
$624,000
Sold Price
$565,000
Premium/Discount to List
-$59,000
-9.46%
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
$129,346
Avg. Annual Appreciation
4.82%
Purchase Details
Closed on
Aug 21, 2014
Sold by
Illini Home Buyers Llc
Bought by
Footprint Leasing Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.14%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 302 W Locust Llc | $522,500 | Attorney | |
| Footprint Leasing Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Footprint Leasing Llc | $400,000 | |
| Previous Owner | Footprint Leasing Llc | $75,000 | |
| Previous Owner | Footprint Leasing Llc | $320,000 | |
| Previous Owner | Smith Robert A | $175,000 | |
| Previous Owner | Smith Robert A | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2021 04/21/21 | Sold | $565,000 | -6.5% | -- |
| 02/09/2021 02/09/21 | Pending | -- | -- | -- |
| 10/18/2020 10/18/20 | Price Changed | $604,000 | -3.2% | -- |
| 09/21/2020 09/21/20 | For Sale | $624,000 | -- | -- |
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 | $16,284 | $167,790 | $21,210 | $146,580 |
| 2023 | $16,284 | $153,090 | $19,350 | $133,740 |
| 2022 | $15,259 | $140,970 | $17,820 | $123,150 |
| 2021 | $14,928 | $138,290 | $17,480 | $120,810 |
| 2020 | $14,442 | $134,260 | $16,970 | $117,290 |
| 2019 | $7,519 | $71,950 | $16,970 | $54,980 |
| 2018 | $6,291 | $60,890 | $14,360 | $46,530 |
| 2017 | $6,508 | $60,890 | $14,360 | $46,530 |
| 2016 | $6,472 | $60,890 | $14,360 | $46,530 |
| 2015 | $6,232 | $60,890 | $14,360 | $46,530 |
| 2014 | $6,148 | $57,990 | $13,680 | $44,310 |
| 2013 | $6,784 | $64,840 | $13,680 | $51,160 |
Source: Public Records
Agents Affiliated with this Home
-
Jonah Weisskopf
-
Kenneth Dooley
Buyer's Agent in 2021
Kenneth Dooley
Compass
(312) 305-4919
2 in this area
107 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10876679
APN: 91-21-08-383-009
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