NOT LISTED FOR SALE

405 W University Ave Unit 502 Champaign, IL 61820

Downtown Champaign Neighborhood

Estimated Value: $197,931 - $255,000

2 Beds
2 Baths
1,250 Sq Ft
$355/mo HOA Fee

Last Sold July 06, 2020

Last sale price $150,000 $120 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,774/month

289 Days on Market

Highlights

  • Rooftop Deck
  • Property is near a park
  • Balcony
  • Central High School Rated A
  • Stainless Steel Appliances
  • 3-minute walk to West Side Park

About This Home

As of July 2020

Move in ready downtown condo! The Oaks is a secure living community within walking distance to downtown restaurants & bars. Located just south of West side Park, this 5th floor unit provides great views from the ample balcony. Freshly painted and kitchen updated with stainless appliances, granite counter tops & wood flooring. New light fixtures too! Covered parking space in lower level. Come take a look!

Last Agent to Sell the Property

Creg McDonald

Realty Select One License #471008296 Listed on: 08/06/2019

Co-Listed By

John Gilman

Realty Select One License #475139372

Last Buyer's Agent

Matt Difanis

RE/MAX REALTY ASSOCIATES-CHA License #471020468

RE/MAX REALTY ASSOCIATES-CHA

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,466

Year Built

  • 1966

Lot Details

  • 1,350

HOA Fees

  • $355 per month

Parking

  • Attached Garage
  • Carport
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Rubber Roof

Kitchen

  • Galley Kitchen
  • Oven or Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Outdoor Features

  • Balcony
  • Rooftop Deck

Location

  • Property is near a park
  • Property is near a bus stop

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Primary Bathroom is a Full Bathroom
  • North or South Exposure

Community Details

  • Pets Allowed

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,466

Year Built

1966

Lot Details

0

HOA Fees

$355 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Special Service Area: Yes
  • Unit Floor Level: 5
  • Age: 51-60 Years
  • Full Bathrooms: 2
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 1250
  • Estimated Year Built: 1966
  • Tax Exemptions: Homeowner, Senior
  • Type Attached: Condo
  • Total Sq Ft: 1250
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7
  • Year Built: 1966

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 22X16, On Level: Main Level
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Disposal, All Stainless Steel Kitchen Appliances
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 11X10, On Level: Main Level
  • Kitchen Type: Dimensions: 10X9, On Level: Main Level
  • Kitchen Type: Galley
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 15X13, On Level: Main Level
  • Bedroom 2: Dimensions: 13X11, On Level: Main Level
  • Estimated Sq Ft: 1250
  • Estimated Total Finished Sq Ft: 1250
  • Main Level Sq Ft: 1250
  • Dining Room Type: L-shaped

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • Exterior Property Features: Balcony, Roof Deck
  • Exposure: N (North)

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s), Carport, Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 45
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Elevator, On Site Manager/Engineer, Security Door Locks
  • Assessment Includes: Water, Parking, Common Insurance, Security, TV/Cable, Exterior Maintenance, Lawn Care, Snow Removal
  • Assessment Association Fees: 355
  • Management Contact Name: Manager
  • Management Phone: 000-000-0000

Fee Information

  • Management Company: The Oaks

Schools

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

Lot Info

  • Lot Dimensions: CONDO
  • Lot Description: Park Adjacent
  • Parcel Identification Number: 422012380017

Multi Family

  • Total Number Unitsin Building: 28
  • Number Stories: 7

Tax Info

  • Taxes: 1987.51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Jun 25, 2020
Sold by
Smith Timothy R
Bought by
Turk Louise R and Louise R Turk Living Trust
Seller's Agent
Creg McDonald
Realty Select One
Buyer's Agent
Matt Difanis
RE/MAX REALTY ASSOCIATES-CHA
List Price
$184,900
Sold Price
$150,000
Premium/Discount to List
-$34,900
-18.88%
Current Estimated Value
$228,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,733
Avg. Annual Appreciation
8.30%
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
Turk Louise R $150,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2020 07/06/20 Sold $150,000 -13.2% $120 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
05/13/2020 05/13/20 Price Changed $172,900 -1.1% $138 / Sq Ft
02/05/2020 02/05/20 Price Changed $174,900 -2.0% $140 / Sq Ft
01/13/2020 01/13/20 Price Changed $178,500 -0.8% $143 / Sq Ft
09/09/2019 09/09/19 Price Changed $179,900 -2.7% $144 / Sq Ft
08/06/2019 08/06/19 For Sale $184,900 -- $148 / 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 $2,466 $46,560 $1,760 $44,800
2023 $2,466 $42,400 $1,600 $40,800
2022 $2,515 $39,120 $1,480 $37,640
2021 $2,504 $38,350 $1,450 $36,900
2020 $2,607 $36,870 $1,390 $35,480
2019 $1,406 $36,110 $1,360 $34,750
2018 $2,658 $35,540 $1,340 $34,200
2017 $2,094 $34,170 $1,290 $32,880
2016 $1,284 $33,460 $1,260 $32,200
2015 $1,317 $32,870 $1,240 $31,630
2014 $1,306 $32,870 $1,240 $31,630
2013 $1,294 $32,870 $1,240 $31,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10476208

Midwest Real Estate Data (MRED)

APN: 42-20-12-380-017