403 S Coler Ave Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $201,000 - $205,000
4
Beds
2
Baths
961
Sq Ft
$211/Sq Ft
Est. Value
About This Home
As of February 2024This is a coveted location that always rents easily. This property has been cared for by the owner and it shows. 403 Coler is a 2 unit property with newer kitchens, fresh and interesting interiors, a spiral staircase, and a loft apartment. Easy to rent. Rented through 7/24. The front unit is a one 3bedroom 1bathroom and rents for 1,100 per month. The backside unit is a loft apartment that rents for 700 per month. Each unit has a parking space and separate entrances. Shared laundry in the basement. Tenants pay their own Heat/Gas/electric and wifi. This is a low maintenance cash flowing investment property in a great neighborhood that I would argue is currently under rented. Close to campus yet tucked into West Urbana. Most comparable 1bedroom units rent for 895 and comps for 3bedroom units range in the 500 per bedroom range. This is a well above average rental with significant cashflow upside for 24-25. Don't miss this!
Last Agent to Sell the Property
Weiner Co., Ltd. License #475155882 Listed on: 09/27/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,131
Year Built
- Built in 1940
Lot Details
- 0.77
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Schools
- Leal Elementary School
- Urbana Middle School
- Urbana High School
Utilities
- Heating System Uses Natural Gas
- Cable TV Available
Additional Features
- Partial Basement
- Deck
- Lot Dimensions are 49.5 x 57.71
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2023
Closed on
Feb 9, 2024
Sold by
Baker-Collins Llc
Bought by
Mitchell Hermon and Mitchell Pedro Hermon
Seller's Agent
Jonah Weisskopf
Weiner Co., Ltd.
Buyer's Agent
Dan Gordon
RE/MAX REALTY ASSOCIATES-CHA
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%
Total Days on Market
42
Views
211
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
$12,989
Avg. Annual Appreciation
5.18%
Original Mortgage
$152,000
Outstanding Balance
$150,055
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$52,934
Purchase Details
Closed on
Jul 3, 2018
Sold by
Dobrovolny James L and Dobrovolny Catherine G
Bought by
Baker Collins Llc 403 Coler
Purchase Details
Closed on
Aug 29, 2006
Sold by
Weir Mark A
Bought by
Dobrovolny James L and Dobrovolny Catherine G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.69%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Urbana, IL
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 |
|---|---|---|---|
| Mitchell Hermon | $190,000 | None Listed On Document | |
| Baker Collins Llc 403 Coler | -- | None Available | |
| Dobrovolny James L | $135,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mitchell Hermon | $152,000 | |
| Previous Owner | Baker-Collins Llc | $74,500 | |
| Previous Owner | Dobrovolny James L | $112,003 | |
| Previous Owner | Dobrovolny James L | $108,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2024 02/10/24 | Sold | $190,000 | -2.1% | $198 / Sq Ft |
| 11/09/2023 11/09/23 | Pending | -- | -- | -- |
| 10/16/2023 10/16/23 | Price Changed | $194,000 | -2.5% | $202 / Sq Ft |
| 09/27/2023 09/27/23 | For Sale | $199,000 | -- | $207 / Sq Ft |
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 | $6,543 | $67,420 | $14,000 | $53,420 |
| 2023 | $6,543 | $61,510 | $12,770 | $48,740 |
| 2022 | $6,131 | $56,640 | $11,760 | $44,880 |
| 2021 | $5,699 | $52,790 | $10,960 | $41,830 |
| 2020 | $5,513 | $51,250 | $10,640 | $40,610 |
| 2019 | $5,356 | $51,250 | $10,640 | $40,610 |
| 2018 | $5,332 | $51,610 | $10,710 | $40,900 |
| 2017 | $5,516 | $51,610 | $10,710 | $40,900 |
| 2016 | $5,326 | $50,110 | $10,400 | $39,710 |
| 2015 | $5,203 | $50,110 | $10,400 | $39,710 |
| 2014 | $5,133 | $48,420 | $10,050 | $38,370 |
| 2013 | $5,168 | $49,400 | $10,250 | $39,150 |
Source: Public Records
Agents Affiliated with this Home
-
Jonah Weisskopf
J
Seller's Agent in 2024
Jonah Weisskopf
Weiner Co., Ltd.
(217) 621-3196
33 in this area
51 Total Sales
-
Dan Gordon
Buyer's Agent in 2024
Dan Gordon
RE/MAX
(217) 493-5956
9 in this area
370 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11887452
APN: 92-21-17-108-014
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
- 609 W California Ave
- 506 W High St
- 703 W Oregon St
- 709 W Oregon St
- 804 W Oregon St
- 706 S Coler Ave Unit 2
- 708 S Busey Ave
- 803 W Nevada St
- 300 W Illinois St
- 905 S Busey Ave
- 305 W Oregon St
- 212 W High St
- 716 W Iowa St
- 506 W Iowa St
- 711 W Iowa St
- 611 W Iowa St
- 901 W Main St
- 509 W Iowa St
- 1008 S Busey Ave
- 310 W Iowa St
- 403 S Coler Ave
- 401 S Coler Ave
- 700 W Illinois St
- 705 W High St
- 704 W Illinois St
- 614 W Illinois St
- 707 W High St
- 706 W Illinois St
- 702 W High St
- 612 W Illinois St
- 610 W Illinois St
- 312 S Coler Ave
- 704 W High St
- 709 W High St
- 309 S Coler Ave
- 708 W Illinois St
- 706 W High St
- 701 W Illinois St
- 703 W Illinois St
- 607 W High St