Seller's Agent in 2024
Mark Panno
KELLER WILLIAMS-TREC
(815) 674-5598
6 in this area
281 Total Sales
402 E Elm St Urbana, IL 61802
Historic East Urbana NeighborhoodEstimated Value: $188,000 - $201,000
6
Beds
3
Baths
690
Sq Ft
$282/Sq Ft
Est. Value
About This Home
As of October 2024One of a kind opportunity. Investment property or live in one unit and rent the others. 3 separate buildings with 3 total units. Two single family houses and one garage with apartment above it all on one parcel. Currently the two houses are rented and the garage apartment is owner occupied. Market rents are much higher for the location so room for new owner to improve condition and rents and have a great income producing property!
Last Agent to Sell the Property
KELLER WILLIAMS-TREC License #475164947 Listed on: 09/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,933
Lot Details
- 6,578
Home Design
- Asphalt Roof
- Rubber Roof
- Cedar
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Parking
- 2 Parking Spaces
- Uncovered Parking
- Parking Space is Owned
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 67x125
- Heating System Uses Natural Gas
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $1,500
- Trash Expense $400
- Water Sewer Expense $600
- Gross Income $18,600
- Net Operating Income $10,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2024
Closed on
Oct 1, 2024
Sold by
Wenzlo Properties Llc
Bought by
Lbs Rentals Llc
Seller's Agent
Mark Panno
KELLER WILLIAMS-TREC
Buyer's Agent
Jeremy Brandow
Coldwell Banker R.E. Group
List Price
$179,900
Sold Price
$185,000
Premium/Discount to List
$5,100
2.83%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,500
Avg. Annual Appreciation
4.93%
Original Mortgage
$340,000
Outstanding Balance
$336,426
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
-$141,926
Purchase Details
Closed on
Dec 10, 2020
Sold by
Mccarthy Janice R and Mccarthy Thomas P
Bought by
Wenzlo Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lbs Rentals Llc | $185,000 | None Listed On Document | |
| Wenzlo Properties Llc | $105,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lbs Rentals Llc | $340,000 | |
| Previous Owner | Wenzlo Properties Llc | $168,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/17/2024 10/17/24 | Sold | $185,000 | +2.8% | $268 / Sq Ft |
| 10/04/2024 10/04/24 | For Sale | $179,900 | -- | $261 / Sq Ft |
| 09/23/2024 09/23/24 | Pending | -- | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $3,933 | $47,090 | $12,350 | $34,740 |
| 2023 | $3,933 | $42,970 | $11,270 | $31,700 |
| 2022 | $3,634 | $39,570 | $10,380 | $29,190 |
| 2021 | $3,332 | $36,870 | $9,670 | $27,200 |
| 2020 | $3,702 | $34,420 | $9,030 | $25,390 |
| 2019 | $2,970 | $34,420 | $9,030 | $25,390 |
| 2018 | $2,444 | $34,660 | $9,090 | $25,570 |
| 2017 | $2,529 | $34,660 | $9,090 | $25,570 |
| 2016 | $2,515 | $34,660 | $9,090 | $25,570 |
| 2015 | $3,080 | $34,660 | $9,090 | $25,570 |
| 2014 | $3,038 | $34,660 | $9,090 | $25,570 |
| 2013 | $2,998 | $34,660 | $9,090 | $25,570 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Panno
-
Jeremy Brandow
Buyer's Agent in 2024
Jeremy Brandow
Coldwell Banker R.E. Group
(217) 841-6203
9 in this area
232 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12155475
APN: 92-21-17-228-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 202 S Grove St
- 401 S Maple St
- 908 E Water St
- 305 W Griggs St
- 306 S Cottage Grove Ave
- 606 S Johnson Ave
- 402 W Griggs St
- 606 S Cottage Grove Ave
- 502 W High St
- 508 W Elm St
- 604 W Main St
- 704 W Illinois St
- 1203 S Race St
- 706 S Coler Ave Unit 5
- 1001 S Douglas Ave
- 802 W Illinois St
- 1109 S Douglas Ave
- 1107A Philo Rd
- 1007 E Michigan Ave
- 801 W Oregon St
- 106 S Urbana Ave Unit 1.5
- 404 E Elm St
- 401 E Main St
- 406 E Elm St
- 308 E Elm St
- 403 E Main St
- 202 S Urbana Ave
- 306 E Elm St
- 408 E Elm St
- 403 E Elm St
- 307 E Elm St
- 304 E Elm St
- 103 S Maple St
- 204 S Urbana Ave
- 205 S Urbana Ave
- 305 E Elm St
- 407 E Elm St
- 502 E Elm St
- 404 E Green St
- 404 E Green St Unit 204