NOT LISTED FOR SALE

5002 Emmas Way Champaign, IL 61822

Estimated Value: $472,000 - $495,937

4 Beds
3 Baths
1,926 Sq Ft
$251/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $430,000 $223 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,508/month

6 Days on Market

Highlights

  • Recreation Room
  • Vaulted Ceiling
  • Granite Countertops
  • Centennial High School Rated A-
  • Ranch Style House
  • 3 Car Attached Garage

About This Home

As of March 2023

You won't want to miss this stunning one-owner ranch on a spacious corner lot in the popular Will's Trace Subdivision! Built in 2016, the home has a lovely craftsman style exterior featuring shake and stone accents, a full partially finished basement, and boasts nearly 3000 square feet of finished space (including the finished portion of the basement). The inviting great room features cathedral ceilings and a direct-vent fireplace with beautiful granite surround. The kitchen is a dream and features granite countertops, maple shaker style cabinets, a corner walk-in pantry, convenient center island, and a spacious dining area. The master is generously sized with two walk-in closets and a serene master bath with a custom tiled, step-in shower and double sink vanity. The master also provides access to the laundry room. There is a convenient drop zone with a custom locker unit as you enter from the spacious, side load, 3 car garage. The open rail staircase leads to the basement where there is a spacious family room with a wet bar, custom shelving, one bedroom, and a full bath. The unfinished portion of the basement provides great storage opportunities. The spacious backyard includes a custom deck and a small storage shed. The home includes a fully mitigated radon system, high efficient HVAC system, energy star appliances, low-E windows and custom blinds throughout.

Last Agent to Sell the Property

Barbara Gallivan

KELLER WILLIAMS-TREC License #475126516 Listed on: 01/16/2023

KELLER WILLIAMS-TREC

Last Buyer's Agent

Bradley Blumenshine

Re/max Realty Associates-Mahom License #475190779

Re/max Realty Associates-Mahom

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,681

Year Built

  • Built in 2016

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 85 x 120

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Radon Mitigation System

Interior Spaces

  • 1,926 Sq Ft Home
  • Vaulted Ceiling
  • Blinds
  • Living Room with Fireplace
  • Dining Room
  • Recreation Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Soaking Tub
  • Shower Body Spray
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Unit 4 Of Choice Elementary And Middle School
  • Unit 4 Of Choice High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Association fees include exterior maintenance, lawn care, lake rights

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,681

Year Built

Built in 2016

Lot Details

0

HOA Fees

$21 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 2016
  • Age: 6-10 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Legal Description: LOT 401 WILLS TRACE SUB PHASE 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Finished Sq Ft: 981
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Walk-In Closet(s), Granite Counters, Pantry
  • LivingArea: 1926
  • Other Equipment: Radon Mitigation System
  • Room Type: Recreation Room
  • Estimated Total Finished Sq Ft: 2907
  • Assessed Sq Ft: 0
  • Basement Description: Partially Finished
  • Bathroom Amenities: Separate Shower,Full Body Spray Shower,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1926
  • Basement Sq Ft: 1926
  • Fireplace Location: Living Room
  • Total Sq Ft: 3852
  • Unfinished Basement Sq Ft: 945
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1926
  • Lower Level Sq Ft: 0
  • Window Features: Blinds
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • List Price: 425000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: n/a
  • Management Contact Name: n/a
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Exterior Maintenance, Lawn Care, Lake Rights

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Unit 4 Of Choice
  • Middle/Junior School: Unit 4 Of Choice
  • Middle/Junior School District: 4

Lot Info

  • Lot Size Acres: 0.23
  • Lot Dimensions: 85 X 120
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10680.74
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2023
Closed on
Mar 28, 2023
Sold by
Hornbeck Henry A and Hornbeck Tammy L
Bought by
Knox Larry Richard and Knox Priscilla Lane
Seller's Agent
Barbara Gallivan
KELLER WILLIAMS-TREC
Buyer's Agent
Bradley Blumenshine
Re/max Realty Associates-Mahom
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%
Views
36
Current Estimated Value
$483,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,484
Avg. Annual Appreciation
4.74%
Original Mortgage
$344,000
Outstanding Balance
$305,484
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$178,000

Purchase Details

Listed on
Jan 10, 2017
Closed on
May 16, 2018
Sold by
Signature Homebuilders Llc
Bought by
Hornbeck Henry A and Hornbeck Tammy L
Seller's Agent
Bill Utnage
eXp Realty,LLC-Cha
Buyer's Agent
Barbara Gallivan
KELLER WILLIAMS-TREC
List Price
$359,900
Sold Price
$349,900
Premium/Discount to List
-$10,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$270,000
Interest Rate
4.5%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Knox Larry Richard $430,000 --
Hornbeck Henry A $350,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knox Larry Richard $344,000
Previous Owner Hornbeck Henry A $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2023 03/28/23 Sold $430,000 +1.2% $223 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/16/2023 01/16/23 For Sale $425,000 +21.5% $221 / Sq Ft
06/12/2018 06/12/18 Sold $349,900 0.0% $182 / Sq Ft View Prior Sale
05/08/2018 05/08/18 Pending -- -- --
01/17/2017 01/17/17 Price Changed $349,900 -2.8% $182 / Sq Ft
01/10/2017 01/10/17 For Sale $359,900 -- $187 / 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 $11,171 $143,190 $23,480 $119,710
2023 $11,171 $132,220 $21,680 $110,540
2022 $10,941 $123,340 $20,220 $103,120
2021 $10,681 $121,160 $19,860 $101,300
2020 $10,581 $119,960 $19,660 $100,300
2019 $10,265 $117,950 $19,330 $98,620
2018 $7,457 $81,460 $19,330 $62,130
2017 $1,708 $117,950 $19,330 $98,620
2016 $5 $4,060 $60 $4,000
2015 $5 $4,060 $60 $4,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11701912

Midwest Real Estate Data (MRED)

APN: 03-20-20-304-018