NOT LISTED FOR SALE

3411 Memory Ln Urbana, IL 61802

Estimated Value: $316,945 - $328,000

3 Beds
2 Baths
1,510 Sq Ft
$214/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $284,900 $189 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,899/month

Highlights

  • Vaulted Ceiling
  • 2 Car Attached Garage
  • Walk-In Closet
  • Porch
  • Built-In Features
  • Living Room

About This Home

As of August 2023

Nearly new 3 bedroom 2 bathroom home with HUGE oversized lot in South Ridge neighborhood! THINK Urbana property tax discounts transfer to the new owner with still a few years left. The property has been meticulously maintained with laminate flooring throughout and granite counters in the kitchen. The kitchen is fully applianced and features high quality cabinetry with soft close doors and drawers. The bedrooms are setup with split floor plan. The master bedroom features a walk in closet and bathroom with walk-in tiled shower and dual sink vanity. The other side of the home features two bedrooms and a full bathroom. The property has been improved with solar panels on the roof!

Last Agent to Sell the Property

Mark Panno

KELLER WILLIAMS-TREC License #475164947 Listed on: 07/06/2023

KELLER WILLIAMS-TREC

Last Buyer's Agent

Lumen Loves

KELLER WILLIAMS-TREC License #471021865

KELLER WILLIAMS-TREC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,541

Year Built

  • Built in 2021

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 80x145

HOA Fees

  • $6 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,510 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Family Room
  • Living Room
  • Dining Room
  • Laminate Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Porch

Schools

  • Thomas Paine Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,541

Year Built

Built in 2021

Lot Details

0

HOA Fees

$6 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 2021
  • Age: 1-5 Years
  • 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 626 SOUTH RIDGE SUB VI
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Wood Laminate Floors, First Floor Bedroom, First Floor Laundry, Built-in Features, Walk-In Closet(s), Ceiling - 9 Foot, Ceilings - 9 Foot
  • LivingArea: 1510
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 1510
  • Basement Description: None
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1510
  • Basement Sq Ft: 0
  • Square Footage Comments: Building plans.
  • Total Sq Ft: 1510
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1510
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Flooring: Wood Laminate
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Block
  • List Price: 284900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Stone

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 75
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

  • Elementary School: Thomas Paine Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Lot Size Acres: 0.26
  • Lot Dimensions: 80X145
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 1540.71
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Aug 8, 2023
Sold by
Sripen Somsong
Bought by
Wang Xuan
Seller's Agent
Mark Panno
KELLER WILLIAMS-TREC
Buyer's Agent
Lumen Loves
KELLER WILLIAMS-TREC
List Price
$284,900
Sold Price
$284,900
Views
20
Current Estimated Value
$318,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,427
Avg. Annual Appreciation
4.28%
Original Mortgage
$142,500
Outstanding Balance
$132,220
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$177,733

Purchase Details

Listed on
Apr 29, 2021
Closed on
Aug 27, 2021
Sold by
Taylor Construction And Design Llc
Bought by
Thoranin Kris and Sripen Somsong
Seller's Agent
Mark Panno
KELLER WILLIAMS-TREC
Buyer's Agent
Tira Rakvit
Charles Rutenberg Realty
Sold Price
$246,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%

Purchase Details

Closed on
May 6, 2021
Sold by
Chicago Title Land Trust Company
Bought by
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
$187,442
Interest Rate
2.96%
Mortgage Type
Future Advance Clause Open End 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
Wang Xuan $285,000 None Listed On Document
Thoranin Kris $247,000 Attorney
Design Llc $48,000 Chicago Title Land Trust Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Xuan $142,500
Previous Owner Design Llc $187,442
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 Sold $284,900 0.0% $189 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $284,900 +15.5% $189 / Sq Ft
08/23/2021 08/23/21 Sold $246,700 0.0% $163 / Sq Ft
05/10/2021 05/10/21 For Sale -- -- --
05/07/2021 05/07/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $246,700 -- $163 / 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 $1,806 $97,910 $17,630 $80,280
2023 $1,806 $89,340 $16,090 $73,250
2022 $1,488 $82,270 $14,820 $67,450
2021 $22 $100 $100 $0
2020 $22 $100 $100 $0
2019 $20 $100 $100 $0
2018 $20 $100 $100 $0
2017 $20 $100 $100 $0
2016 $20 $100 $100 $0
2015 $20 $100 $100 $0
2014 $20 $100 $100 $0
2013 $10 $100 $100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11815876

Midwest Real Estate Data (MRED)

APN: 93-21-28-426-009