NOT LISTED FOR SALE

306 W Elm St Urbana, IL 61801

Estimated Value: $222,000 - $303,043

4 Beds
1.5 Baths
1,938 Sq Ft
$130/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $225,000 $116 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,991/month

24 Days on Market

Highlights

  • Traditional Architecture
  • Bonus Room
  • Fenced Yard
  • Wood Flooring
  • Formal Dining Room
  • 4-minute walk to Phillips Recreation Center

About This Home

As of July 2024

Welcome to this charming two-story brick home, perfectly situated in the heart of downtown Urbana and just minutes from the University of Illinois. This 4-bedroom, 1.5-bath gem offers an excellent blend of classic charm and potential, making it an ideal family home or a smart investment opportunity. The main floor features a simple, but functional kitchen, separate dining and living spaces, plus an additional room that could be used as a 5th bedroom, as well as a convenient 1/2 bath. Hardwood flooring and charming built-in features add a touch warmth. The second floor has four spacious bedrooms and a full bath. Enjoy outdoor living with a fenced yard, brick patio, and garden shed. The large front porch, complete with a swing, invites you to relax and enjoy the neighborhood ambiance. The unfinished basement offers excellent storage space. This home combines timeless appeal with a prime location close to shopping, dining, and the university. Whether you're looking to settle down in a friendly community or seeking a profitable investment, this Urbana home is a must-see. New roof in 2021 and replacement windows.

Last Agent to Sell the Property

Katie Ruthstrom

KELLER WILLIAMS-TREC License #475126777 Listed on: 05/23/2024

KELLER WILLIAMS-TREC

Last Buyer's Agent

Eddie Mullins

RE/MAX REALTY ASSOCIATES-CHA License #475131641

RE/MAX REALTY ASSOCIATES-CHA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,410

Year Built

  • Built in 1927

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 70 x 114 x 69 x 113
  • Fenced Yard
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,938 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Shed
  • Porch

Schools

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

Utilities

  • Central Air
  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,410

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Legal Description: LOT 12, ROE'S 2ND ADDITION
  • ResoPropertyType: Residential
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Built-in Features
  • LivingArea: 1938
  • Other Equipment: TV-Cable, CO Detectors
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 1938
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1938
  • Basement Sq Ft: 1119
  • Fireplace Location: Living Room
  • Total Sq Ft: 3057
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 969
  • Main Level Sq Ft: 969
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 225000
  • Lot Features: Fenced Yard
  • OtherStructures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Window/Wall Units - 2
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Leal Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 70 X 114 X 69 X 113
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7409.74
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Jul 15, 2024
Sold by
Kucharski Kim and Rossiano Thomas
Bought by
Nieto Javier
Seller's Agent
Katie Ruthstrom
KELLER WILLIAMS-TREC
Buyer's Agent
Eddie Mullins
RE/MAX REALTY ASSOCIATES-CHA
List Price
$225,000
Sold Price
$225,000
Views
6
Current Estimated Value
$252,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,011
Avg. Annual Appreciation
7.60%
Original Mortgage
$125,000
Outstanding Balance
$123,961
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$120,096

Purchase Details

Listed on
Aug 24, 2019
Closed on
Jun 3, 2020
Sold by
Schrock Jasen and Gillespie Stephanie
Bought by
Rossiano Thomas and Kucharski Kim
Seller's Agent
Julie Roth
Coldwell Banker R.E. Group
Buyer's Agent
Katie Ruthstrom
KELLER WILLIAMS-TREC
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.39%
Original Mortgage
$120,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2007
Sold by
Robinson Scott J
Bought by
Schrock Jasen and Gillespie Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,875
Interest Rate
6.54%
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
Nieto Javier $225,000 None Listed On Document
Rossiano Thomas $150,000 Allied Capital Title
Schrock Jasen $162,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nieto Javier $125,000
Previous Owner Rossiano Thomas $120,000
Previous Owner Schrock Jasen $108,900
Previous Owner Schrock Jasen $121,875
Previous Owner Gillespie Stephanie $40,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $225,000 0.0% $116 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/23/2024 05/23/24 Price Changed $225,000 0.0% $116 / Sq Ft
04/29/2024 04/29/24 For Sale $225,000 +50.0% $116 / Sq Ft
06/09/2020 06/09/20 Sold $150,000 -2.6% $77 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
11/22/2019 11/22/19 Price Changed $154,000 -3.1% $79 / Sq Ft
08/24/2019 08/24/19 For Sale $159,000 -- $82 / 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 $7,410 $82,920 $20,350 $62,570
2023 $7,410 $75,660 $18,570 $57,090
2022 $6,892 $69,670 $17,100 $52,570
2021 $6,361 $64,930 $15,940 $48,990
2020 $6,136 $63,040 $15,480 $47,560
2019 $5,961 $63,040 $15,480 $47,560
2018 $5,939 $63,490 $15,590 $47,900
2017 $6,144 $63,490 $15,590 $47,900
2016 $5,914 $61,640 $15,140 $46,500
2015 $5,756 $61,640 $15,140 $46,500
2014 $5,678 $59,560 $14,630 $44,930
2013 $5,731 $60,780 $14,930 $45,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12042075

Midwest Real Estate Data (MRED)

APN: 92-21-17-135-012