NOT LISTED FOR SALE

5012 Abbey Fields Dr Champaign, IL 61822

Estimated Value: $662,000 - $942,076

0.22 Acre
$3,573,950 Price per Acre
9,583 Sq Ft Lot

Last Sold October 27, 2021

Last sale price $75,000

Est. 948% increase in value since last sale

Current estimated payment $4,575/month

210 Days on Market

About This Lot

As of October 2021

Looking to build your dream home in a luxurious subdivision in Champaign? This is the perfect subdivision for you! The Jacob's Landing subdivision is situated in close proximity to the amenities and job opportunities that the CU community offers. Jacob's Landing is zoned for single-family homes, hosts paved pathways for walking and biking, and has a community fishing pond. Enjoy a Champaign address while being within the Mahomet-Seymour school district, and right next door to the future site of Judah Christian Elementary-12th grade school complex. Jacob's Landing also offers easy access to the new Carle at the Fields, interstates, and shopping and dining centers. Jacob's Landing is now available to the builder of your choice. Do not hesitate to secure your lot!

Last Agent to Sell the Property

Barbara Gallivan

KELLER WILLIAMS-TREC License #475126516 Listed on: 01/26/2021

KELLER WILLIAMS-TREC

Last Buyer's Agent

Mark Waldhoff

KELLER WILLIAMS-TREC License #475122749

KELLER WILLIAMS-TREC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,681

Property Details

Property Type

Land

Est. Annual Taxes

$4,681

Listing Details

  • Property Type: Land
  • Property Type: Land
  • General Information: School Bus Service
  • Legal Description: LOT 124 JACOBS LANDING
  • Directions: Turn north off Kirby, Just east of Rising Road.
  • Road Frontage Type: City Street
  • Lot Size: 80X120
  • Ownership: Fee Simple
  • Road Surface Type: Concrete
  • Subdivision Name: Jacob's Landing
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No
  • Possible Use: Single Family

Exterior Features

  • Waterfront: Yes

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site

Schools

  • Elementary School: Mahomet Elementary School
  • High School: Mahomet-Seymour High School
  • Junior High Dist: 3
  • Middle Or Junior School: Mahomet Junior High School

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Subdivision Lot Number: 124
  • Land Amenities: Pond/Lake,Sidewalks
  • Land Description: Level,Pond/Lake
  • Current Use: Platted, Single Family
  • Zoning: SINGL

Rental Info

  • Board Number: 22
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 26.82
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2023
Sold by
Armstrong Builders Of Champaign Inc
Bought by
Jorstad Chip S and Jorstad Jennifer M
Current Estimated Value
$786,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,918
Outstanding Balance
$664,124
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$122,145

Purchase Details

Closed on
Aug 9, 2022
Sold by
Jorstad Chip and Jorstad Jennifer
Bought by
Armstrong Builder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,200
Interest Rate
4.59%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 26, 2021
Closed on
Oct 25, 2021
Sold by
Jacob S Landing Llc
Bought by
Jorstad Chip and Jorstad Jenniffer
Seller's Agent
Barbara Gallivan
KELLER WILLIAMS-TREC
Buyer's Agent
Mark Waldhoff
KELLER WILLIAMS-TREC
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.56%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jorstad Chip S $860,000 None Listed On Document
Armstrong Builder -- None Listed On Document
Jorstad Chip $75,000 Act
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jorstad Chip S $687,918
Previous Owner Armstrong Builder $558,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2021 10/27/21 Sold $75,000 0.0% --
08/24/2021 08/24/21 Pending -- -- --
02/20/2021 02/20/21 For Sale $75,000 0.0% --
01/26/2021 01/26/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $75,000 -3.8% --
06/29/2018 06/29/18 Sold $77,962 0.0% -- View Prior Sale
10/27/2017 10/27/17 Pending -- -- --
12/31/2016 12/31/16 For Sale $77,962 -- --
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 $4,681 $278,490 $29,760 $248,730
2023 $4,681 $54,200 $27,100 $27,100
2022 $2,168 $25,000 $25,000 $0
2021 $27 $310 $310 $0
2020 $27 $310 $310 $0
2019 $26 $300 $300 $0
2018 $26 $300 $300 $0
2017 $26 $300 $300 $0
2016 $24 $290 $290 $0
2015 $23 $280 $280 $0
2014 $23 $280 $280 $0
2013 $23 $280 $280 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10980153

Midwest Real Estate Data (MRED)

APN: 44-20-17-358-012