NOT LISTED FOR SALE

305 W Elm St Urbana, IL 61801

Estimated Value: $452,000 - $489,000

18 Beds
6 Baths
-- Sq Ft
6,795 Sq Ft Lot

Last Sold August 15, 2018

Last sale price $375,000

Est. 26% increase in value since last sale

Current estimated payment $3,038/month

About This Home

As of August 2018

Great modern 6 unit apartment building on west edge of Downtown Urbana. Close to U of I as well as shopping and bus lines. Units have two primary bedrooms and a 3rd bedroom or flex room. Upper units have balconies. Well maintained with parking off the alley. Units are metered seperately for electric and water. Owner pays sewer bill and garbage. There is a house electric meter for outside lighting. The building is well maintained and there are no known issues but the owner is selling as-is. Owner will be performing a 1031 exchange at closing.

Last Agent to Sell the Property

Anthony Bammert

Green Street Realty License #475131011 Listed on: 07/24/2018

Last Buyer's Agent

Jordan Drahota

Green Street Realty License #475121520

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,590

Year Built

  • 1982

Lot Details

  • 6,795

Home Design

  • Block Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,590

Year Built

1982

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2016
  • Net Oper Income: 48427
  • Outdoor Parking: 6-12 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Gable
  • Scavenger Expense: 600
  • Total Annual Exp: 2200
  • Total Annual Income: 48427
  • Total Monthly Income: 4225
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 2
  • Estimated Year Built: 1982
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1982

Exterior Features

  • Foundation: Block
  • Construction: Wood Frame
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Wall Sleeve, Window Unit/s
  • Heatventilation: Electric

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 600
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 57.75 X 115.5
  • Lot Sq Ft: 6670
  • Parcel Identification Number: 922117136004

Rental Info

  • Gross Rental Income: 50700
  • Tenant Pays: Air Conditioning, Electric, Heat, Water/Sewer

Multi Family

  • Expense Year: 2016
  • Number Of Dishwashers: 6

Tax Info

  • Taxes: 9883

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2018
Closed on
Aug 16, 2018
Sold by
Doyle Kip B and Doyle Sheri A
Bought by
Jaaad Llc
Seller's Agent
Anthony Bammert
Green Street Realty
Buyer's Agent
Jordan Drahota
Green Street Realty
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%
Current Estimated Value
$471,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,175
Avg. Annual Appreciation
1.79%
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
May 30, 2013
Closed on
Jul 26, 2013
Sold by
Porges Properties Llc
Bought by
Doyle Kip B and Doyle Sheri A
Seller's Agent
Barry Weiner
Weiner Co., Ltd.
Buyer's Agent
Jody Quiram
Coldwell Banker R.E. Group
List Price
$399,900
Sold Price
$375,000
Premium/Discount to List
-$24,900
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$185,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2005
Sold by
Meza Felix R and Meza Margarita
Bought by
Porges Steven M and Porges Carol Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2004
Sold by
Sharif Muhammad and Sharif Tallat
Bought by
Meza Felix R and Meza Margarita
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jaaad Llc $337,500 Attorney
Doyle Kip B $375,000 None Available
Porges Steven M $355,500 --
Meza Felix R $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jaaad Llc $300,000
Closed Jaaad Llc $37,500
Previous Owner Doyle Kip B $248,354
Previous Owner Doyle Kip B $4,420
Previous Owner Doyle Kip B $185,000
Previous Owner Porges Steven M $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2018 08/15/18 Sold $375,000 -6.0% --
07/24/2018 07/24/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $399,000 +6.4% --
07/26/2013 07/26/13 Sold $375,000 -6.2% --
06/13/2013 06/13/13 Pending -- -- --
05/30/2013 05/30/13 For Sale $399,900 -- --
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 $14,590 $150,320 $29,370 $120,950
2023 $14,590 $137,160 $26,800 $110,360
2022 $13,671 $126,300 $24,680 $101,620
2021 $12,707 $117,710 $23,000 $94,710
2020 $11,819 $109,880 $21,470 $88,410
2019 $11,482 $109,880 $21,470 $88,410
2018 $9,606 $92,980 $18,170 $74,810
2017 $9,937 $92,980 $18,170 $74,810
2016 $9,883 $92,980 $18,170 $74,810
2015 $9,516 $92,980 $18,170 $74,810
2014 $9,387 $88,550 $17,300 $71,250
2013 $9,264 $88,550 $17,300 $71,250
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10029381

Midwest Real Estate Data (MRED)

APN: 92-21-17-136-004