NOT LISTED FOR SALE

3404 S Myra Ridge Dr Urbana, IL 61802

Estimated Value: $305,869 - $325,000

3 Beds
2 Baths
1,401 Sq Ft
$227/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $245,000 $175 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,825/month

1 Day on Market

About This Home

As of February 2022

New construction in Southeast Urbana! If you are looking for a new construction home at an affordable price, you have found it with this one! Split floor plan with master en suite on one side of the house and two bedrooms and a full bathroom on the other side. In between is an open concept kitchen, dining room, living room. The home furnishings include laminate flooring, granite countertops, quality Wolf cabinetry, and custom trim work. In the master suite is a bathroom featuring a double sink vanity, custom tiled walk-in shower and an oversized walk-in closet with wrap around bar and shelf storage. Off the kitchen is a large covered back porch perfect for relaxing! Completion/closing date of February 1st 2022 or later. Still time to pick all the finishes and make this a custom home!

Last Agent to Sell the Property

Mark Panno

KELLER WILLIAMS-TREC License #475164947 Listed on: 10/25/2021

KELLER WILLIAMS-TREC

Last Buyer's Agent

Jeff Klotz

KELLER WILLIAMS-TREC License #475132495

KELLER WILLIAMS-TREC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,094

Year Built

  • 2021

Lot Details

  • 5,663

HOA Fees

  • $10 per month

Parking

  • Attached Garage
  • Parking Space is Owned

Interior Spaces

  • 1,401 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,094

Year Built

2021

Lot Details

0

HOA Fees

$10 per month

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 1 Story
  • Property Sub Type: 1 Story
  • Age: NEW Under Construction
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 622A THE COTTAGES AT SOUTH RIDGE 1
  • Directions: From Philo, south to Marc Trail, East to Myra Ridge, South on Myra Ridge, home on East side of Myra Ridge
  • Lot Size: 80X72.88
  • New Construction: Yes
  • Ownership: Fee Simple
  • Special Features: NewHome
  • Year Built: 2021

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Disposal, Other
  • Has Basement: None
  • Estimated Total Finished Sq Ft: 1401
  • Basement Description: Crawl
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1401
  • Basement Sq Ft: 0
  • Total Sq Ft: 1401
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1401
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Dining Room Type: No additional rooms

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Patio, Porch
  • Foundation Details: Block
  • Exterior Building Type: Aluminum Siding,Stone,Combination
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Association Fee: 120
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Junior High Dist: 116
  • Middle Or Junior School: Thomas Paine Elementary School

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 20.16
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Feb 25, 2022
Sold by
Taylor Construction And Design Llc
Bought by
Chesnut Rebecca L
Seller's Agent
Mark Panno
KELLER WILLIAMS-TREC
Buyer's Agent
Jeff Klotz
KELLER WILLIAMS-TREC
List Price
$245,000
Sold Price
$245,000
Current Estimated Value
$314,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,934
Avg. Annual Appreciation
7.00%
Original Mortgage
$160,000
Outstanding Balance
$131,519
Interest Rate
2.77%
Mortgage Type
New Conventional
Estimated Equity
$178,346

Purchase Details

Closed on
Nov 17, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Taylor Construction & Design Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
3.14%
Mortgage Type
Construction
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
Chesnut Rebecca L $245,000 None Listed On Document
Taylor Construction & Design Llc $26,000 Chicago Title Land Trust Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chesnut Rebecca L $160,000
Closed Chesnut Rebecca L $160,000
Previous Owner Taylor Construction And Design Llc $183,600
Previous Owner Taylor Construction & Design Llc $183,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $245,000 0.0% $175 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $245,000 -- $175 / 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 $1,094 $93,090 $11,900 $81,190
2023 $1,094 $84,940 $10,860 $74,080
2022 $2,828 $26,030 $10,000 $16,030
2021 $25 $100 $100 $0
2020 $20 $100 $100 $0
2019 $15 $100 $100 $0
2018 $15 $100 $100 $0
2017 $15 $100 $100 $0
2016 $15 $100 $100 $0
2015 $15 $100 $100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11255135

Midwest Real Estate Data (MRED)

APN: 93-21-28-426-016