$239,900
SOLD DEC 21, 2021

3409 Memory Ln Urbana, IL 61802

3 Beds
2 Baths
1,401 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$171 Per Sq Ft

5 Days on Market

About This Home

As of July 2023

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 closed with wrap around bar and shelf storage. Off the kitchen is a large covered back porch perfect for relaxing!

Last Agent to Sell the Property

Mark Panno

KELLER WILLIAMS-TREC License #475164947 Listed on: 09/14/2021

KELLER WILLIAMS-TREC

Last Buyer's Agent

Creg McDonald

Realty Select One License #471008296

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,062

Year Built

  • 2021

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

$1,062

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 625B THE COTTAGES AT SOUTH RIDGE 1
  • Directions: From Philo, south to Marc Trail, East to Myra Ridge, South to Memory, home on West side of Memory
  • Lot Size: 80X72.88
  • New Construction: Yes
  • Ownership: Fee Simple
  • Special Features: NewHome
  • Year Built: 2021

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Disposal
  • Has Basement: None
  • Estimated Total Finished Sq Ft: 1401
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • 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: 16.2
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Jan 12, 2022
Sold by
Chicago Title Land Trust Company
Bought by
Taylor Construction & Design Llc
Seller's Agent
Mark Panno
KELLER WILLIAMS-TREC
Buyer's Agent
Creg McDonald
Realty Select One
List Price
$239,900
Sold Price
$239,900
Current Estimated Value
$299,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,053
Avg. Annual Appreciation
6.09%
Original Mortgage
$183,600
Outstanding Balance
$170,077
Interest Rate
3.05%
Mortgage Type
Construction
Estimated Equity
$126,861

Purchase Details

Listed on
Sep 14, 2021
Closed on
Dec 21, 2021
Sold by
Taylor Construction And Design Llc
Bought by
Abeywardena Nimal and Abeywardena Nilanthi
Seller's Agent
Mark Panno
KELLER WILLIAMS-TREC
Buyer's Agent
Creg McDonald
Realty Select One
List Price
$239,900
Sold Price
$239,900

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
Outstanding Balance
$170,077
Interest Rate
3.05%
Mortgage Type
Construction
Estimated Equity
$126,861
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $26,000 Chicago Title Land Trust Co
Special Warranty Deed $240,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $183,600 Construction
Closed $191,920 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2023 07/05/23 Sold $265,000 0.0% $194 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/24/2023 04/24/23 Price Changed $265,000 -3.6% $194 / Sq Ft
04/14/2023 04/14/23 For Sale $275,000 +14.6% $201 / Sq Ft
12/21/2021 12/21/21 Sold $239,900 0.0% $171 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $239,900 -- $171 / 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 $1,062 $88,580 $11,900 $76,680
2023 $1,062 $80,820 $10,860 $69,960
2022 $2,695 $24,810 $10,000 $14,810
2021 $21 $100 $100 $0
2020 $16 $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: 11218255

Midwest Real Estate Data (MRED)

APN: 93-21-28-426-023