J
Seller's Agent in 2024
Jonah Weisskopf
Weiner Co., Ltd.
(217) 621-3196
30 in this area
49 Total Sales
403 S Coler Ave Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $213,000 - $264,411
4
Beds
2
Baths
961
Sq Ft
$236/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%
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
$37,103
Avg. Annual Appreciation
4.33%
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
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
-
Dan Gordon
Buyer's Agent in 2024
Dan Gordon
RE/MAX
(217) 493-5956
10 in this area
376 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11887452
APN: 92-21-17-108-014
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