Seller's Agent in 2023
Joe Zalabak
KELLER WILLIAMS-TREC
(217) 721-5855
32 in this area
378 Total Sales
501 W California Ave Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $270,000 - $311,000
3
Beds
4
Baths
1,621
Sq Ft
$179/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Porch
- Forced Air Heating System
- Corner Lot
About This Home
As of April 2023Your next investment property is this 3 unit located at the southwest corner of S McCullough Street and W California Avenue. It's a great space at a great location, located in the highly sought after West Urbana Neighborhood Association (WUNA), within walking distance to the University of Illinois campus and downtown Urbana! Unit 1 is a 1 bedroom with a combination kitchen/living room, bedroom and a full bath. Unit 2 is a 2 bedroom with 1.5 baths, and Unit 3, located on the second floor is a two bedroom, 1 bath unit. The unfinished basement has the potential to be turned into additional usable space. Be sure to view the 3D virtual tour!
Last Agent to Sell the Property
KELLER WILLIAMS-TREC License #475151471 Listed on: 11/11/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,423
Year Built
- Built in 1880
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 56.1x122.76
- Corner Lot
- Paved or Partially Paved Lot
Home Design
- Traditional Architecture
- Frame Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 4 Bathrooms
Parking
- 3 Parking Spaces
- Uncovered Parking
- Parking Space is Owned
- Unassigned Parking
Schools
- Leal Elementary School
- Urbana Middle School
- Urbana High School
Additional Features
- Basement Fills Entire Space Under The House
- Porch
- Forced Air Heating System
Community Details
- 3 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 11, 2021
Closed on
Apr 14, 2023
Sold by
Klatt George
Bought by
Mejia Edward Alonso
Seller's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
Buyer's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
List Price
$199,000
Sold Price
$165,000
Premium/Discount to List
-$34,000
-17.09%
Views
88
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
$125,500
Avg. Annual Appreciation
19.51%
Original Mortgage
$180,965
Outstanding Balance
$176,283
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$77,717
Purchase Details
Closed on
Oct 24, 2013
Sold by
Orange Properties Llc 501 California Ser
Bought by
Klatt George
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$923,300
Interest Rate
4.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 30, 2009
Sold by
Doyle Kip B and Doyle Sheri A
Bought by
Orange Properties Llc 501 California Ser
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.2%
Mortgage Type
Future Advance Clause Open End 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 |
|---|---|---|---|
| Mejia Edward Alonso | $165,000 | None Listed On Document | |
| Klatt George | $179,500 | None Available | |
| Orange Properties Llc 501 California Ser | $189,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mejia Edward Alonso | $180,965 | |
| Previous Owner | Klatt George | $923,300 | |
| Previous Owner | Orange Properties Llc 501 California Ser | $194,543 | |
| Previous Owner | Orange Properties Llc 501 California Ser | $212,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2023 04/14/23 | Sold | $165,000 | -5.7% | $102 / Sq Ft |
| 12/29/2022 12/29/22 | Pending | -- | -- | -- |
| 09/13/2022 09/13/22 | Price Changed | $175,000 | -12.1% | $108 / Sq Ft |
| 04/19/2022 04/19/22 | For Sale | $199,000 | -11.6% | $123 / Sq Ft |
| 04/04/2022 04/04/22 | Pending | -- | -- | -- |
| 11/11/2021 11/11/21 | For Sale | $225,000 | -- | $139 / 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 | $7,599 | $78,300 | $22,600 | $55,700 |
| 2023 | $7,599 | $71,440 | $20,620 | $50,820 |
| 2022 | $7,121 | $65,790 | $18,990 | $46,800 |
| 2021 | $6,619 | $61,320 | $17,700 | $43,620 |
| 2020 | $6,157 | $57,240 | $16,520 | $40,720 |
| 2019 | $5,982 | $57,240 | $16,520 | $40,720 |
| 2018 | $5,956 | $57,650 | $16,640 | $41,010 |
| 2017 | $6,161 | $57,650 | $16,640 | $41,010 |
| 2016 | $6,128 | $57,650 | $16,640 | $41,010 |
| 2015 | $6,195 | $57,650 | $16,640 | $41,010 |
| 2014 | $6,112 | $57,650 | $16,640 | $41,010 |
| 2013 | $6,031 | $57,650 | $16,640 | $41,010 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Zalabak
-
Ryan Dallas
Buyer's Agent in 2023
Ryan Dallas
RYAN DALLAS REAL ESTATE
(217) 712-3853
14 in this area
2,370 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11206784
APN: 92-21-17-177-006
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