$160,000
SOLD FEB 13, 2025

405 W University Ave Unit 403 Champaign, IL 61820

Downtown Champaign Neighborhood
2 Beds
2 Baths
1,364 Sq Ft
$434/mo HOA Fee

Recently Sold

$117 Per Sq Ft

6% Below List Price

3 Days on Market

Highlights

  • Lock-and-Leave Community
  • Granite Countertops
  • Formal Dining Room
  • Central High School Rated A
  • Elevator
  • 3-minute walk to West Side Park

About This Home

As of February 2025

On The Park & Near Downtown. Well Kept Secure Building With Elevator, On Site Custodian, Private Heated Parking Garage, Shared Laundry Facilities, Exterior Maintenance, Trash/Recycling, Cable/Internet, And Unlimited Hot Water. Updates Include Replacement Windows & Sliding Doors, Walk In Master Shower With Built In Seat, Hard Surface Kitchen Counters, Crown Molding. Room To Make It Yours With Needed Flooring Improvements, Paint, And Plaster Repairs. Spacious Master Bedroom Has 3 Closets & A Linen Closet. Complete With A Home Warranty.

Last Agent to Sell the Property

Deana Gauze

Coldwell Banker R.E. Group License #475130670 Listed on: 01/13/2025

Coldwell Banker R.E. Group

Last Buyer's Agent

Mark Waldhoff

KELLER WILLIAMS-TREC License #475122749

KELLER WILLIAMS-TREC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,461

HOA Fees

  • $434 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,364 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Replacement Windows
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage
  • Laundry Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Handicap Shower
  • Grab Bar In Bathroom
  • Halls are 36 inches wide or more
  • Wheelchair Adaptable
  • Accessibility Features
  • No Interior Steps

Schools

  • Unit 4 Of Choice Elementary School
  • Champaign/Middle Call Unit 4 351
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Other Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, security, tv/cable, exterior maintenance, lawn care, snow removal, internet
  • 24 Units
  • Heidi Mehnert Association, Phone Number (217) 505-5483
  • Property managed by CU Property Management
  • Lock-and-Leave Community

Amenities

  • Laundry Facilities
  • Elevator
  • Lobby

Pet Policy

  • Pets up to 45 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,461

Lot Details

0

HOA Fees

$434 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • Legal Description: UNIT 4-SE THE OAKS CONDOMINIUMS
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: Full
  • Accessibility Features: Hall Width 36 Inches or More, Bath Grab Bars, No Interior Steps, Wheelchair Adaptable
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Storage, Granite Counters, Lobby, Pantry, Replacement Windows
  • LivingArea: 1364
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 1364
  • Basement Description: Partially Finished
  • Bathroom Amenities: Accessible Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1364
  • Basement Sq Ft: 0
  • Total Sq Ft: 1364
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1364
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • List Price: 170000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 434
  • Association Amenities: Elevator(s), Security Door Lock(s), Ceiling Fan
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: CU Property Management
  • Management Contact Name: Heidi Mehnert
  • Management Phone: 217-505-5483
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Security, TV/Cable, Exterior Maintenance, Lawn Care, Snow Removal, Other, Internet

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Central High School
  • Middle/Junior School: Champaign/Middle Call Unit 4 351
  • Middle/Junior School District: 4

Lot Info

  • Lot Dimensions: CONDO
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 45

Tax Info

  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior,Disabled Vet

Multi Family

  • Units in Building: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Feb 13, 2025
Sold by
Charis William J and Charis Robert S
Bought by
Johnson Jennifer L
Seller's Agent
Deana Gauze
Coldwell Banker R.E. Group
Buyer's Agent
Mark Waldhoff
KELLER WILLIAMS-TREC
List Price
$170,000
Sold Price
$160,000
Premium/Discount to List
-$10,000
-5.88%
Views
11
Current Estimated Value
$174,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,790
Avg. Annual Appreciation
14.11%
Original Mortgage
$155,200
Outstanding Balance
$154,226
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$20,564
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $160,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $155,200 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2025 02/13/25 Sold $160,000 -5.9% $117 / Sq Ft
01/16/2025 01/16/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $170,000 -- $125 / 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 $3,461 $44,800 $1,690 $43,110
2023 $3,461 $40,800 $1,540 $39,260
2022 $3,461 $37,640 $1,420 $36,220
2021 $3,378 $36,900 $1,390 $35,510
2020 $3,215 $35,480 $1,340 $34,140
2019 $3,148 $34,750 $1,310 $33,440
2018 $3,077 $34,200 $1,290 $32,910
2017 $0 $32,880 $1,240 $31,640
2016 $1,340 $32,200 $1,210 $30,990
2015 -- $31,630 $1,190 $30,440
2014 $1,315 $31,630 $1,190 $30,440
2013 $1,303 $31,630 $1,190 $30,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12269466

Midwest Real Estate Data (MRED)

APN: 42-20-12-380-016