NOT LISTED FOR SALE

503 Corey Ln Champaign, IL 61822

Estimated Value: $188,000 - $193,398

2 Beds
2 Baths
1,000 Sq Ft
$192/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $155,000 $155 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,374/month

2 Days on Market

Highlights

  • Vaulted Ceiling
  • Ranch Style House
  • Porch
  • Central High School Rated A
  • Fenced Yard
  • 1 Car Attached Garage

About This Home

As of August 2021

A rare find in this market, a perfectly sized ranch home in a highly desirable Ashland Park subdivision. The home includes 2 bedrooms with a master suite featuring a full private bath, walk in closet and vaulted ceilings. The second bedroom enjoys natural light from the front of the home making it an ideal place for a home office or guest bedroom. A fully fenced back yard is perfect for privacy and entertainment. Location, location, location near shopping, parks, bus lines and restaurants. These don't last long. Make your appointment today!

Last Listed By

Nate Evans

eXp Realty,LLC-Mahomet License #475124281 Listed on: 07/01/2021

eXp Realty,LLC-Mahomet

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,157

Year Built

  • Built in 2006

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 51.9x103.5
  • Fenced Yard

Parking

  • 1 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • Vaulted Ceiling
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Schools

  • Champaign Elementary School
  • Champaign Junior High School
  • Central High School

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Satellite Dish
  • Cable TV Available

Community Details

  • Ashland Park Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,157

Year Built

Built in 2006

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Ashland Park
  • Year Built: 2006
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 1093 ASHLAND PARK PHASE I
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: 1st Floor Bedroom, Vaulted/Cathedral Ceilings
  • LivingArea: 1000
  • Other Equipment: TV-Dish, TV-Cable, CO Detectors
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 1000
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1000
  • Basement Sq Ft: 0
  • Total Sq Ft: 1000
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1000
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0

Exterior Features

  • DirectionFaces: North
  • ExteriorFeatures: Patio, Porch
  • List Price: 144900
  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Electric, Heat Pump
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Sidewalks
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Champaign Elementary School
  • High School: Central High School
  • Middle/Junior School: Champaign Junior High School
  • Middle/Junior School District: 4

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 51.9X103.5
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 3156.62
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Aug 20, 2021
Sold by
Jones Miranda L
Bought by
Opena Arvin Colico and Mari Peachy Mae
Seller's Agent
Nate Evans
eXp Realty,LLC-Mahomet
Buyer's Agent
Matt Difanis
RE/MAX REALTY ASSOCIATES-CHA
List Price
$144,900
Sold Price
$155,000
Premium/Discount to List
$10,100
6.97%
Total Days on Market
2
Current Estimated Value
$191,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,600
Avg. Annual Appreciation
5.80%
Original Mortgage
$124,000
Outstanding Balance
$97,352
Interest Rate
2.2%
Mortgage Type
New Conventional
Estimated Equity
$94,061

Purchase Details

Listed on
Feb 11, 2016
Closed on
Apr 14, 2016
Sold by
John Kyle and John Stephanie L
Bought by
Jones Miranda L
Seller's Agent
Tom Mohr
RYAN DALLAS REAL ESTATE
Buyer's Agent
Liz Jones
LIZ JONES REAL ESTATE
List Price
$117,300
Sold Price
$115,000
Premium/Discount to List
-$2,300
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$97,750
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2012
Sold by
Morstatter Kenneth L and Morstatter Kimberly A
Bought by
John Kyle and Feldkamp Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,134
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 2006
Sold by
Atkins Clinton C
Bought by
Morstatter Kenneth L and Norris Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,130
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

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
Opena Arvin Colico $155,000 Attorney
Jones Miranda L $115,000 Attorney
John Kyle $103,000 None Available
Morstatter Kenneth L $119,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Opena Arvin Colico $124,000
Previous Owner Jones Miranda L $97,750
Previous Owner John Kyle $101,134
Previous Owner Feidkamp Stephanie L $3,090
Previous Owner Morstatter Kenneth L $14,000
Previous Owner Morstatter Kenneth L $111,130
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $155,000 +7.0% $155 / Sq Ft
07/04/2021 07/04/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $144,900 +26.0% $145 / Sq Ft
04/18/2016 04/18/16 Sold $115,000 -2.0% $115 / Sq Ft
02/20/2016 02/20/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $117,300 -- $117 / 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 $3,741 $52,130 $14,160 $37,970
2023 $3,741 $47,480 $12,900 $34,580
2022 $3,476 $43,800 $11,900 $31,900
2021 $3,382 $42,940 $11,670 $31,270
2020 $3,272 $41,690 $11,330 $30,360
2019 $3,157 $40,840 $11,100 $29,740
2018 $3,078 $40,200 $10,930 $29,270
2017 $3,015 $39,370 $10,700 $28,670
2016 $2,693 $38,560 $10,480 $28,080
2015 $2,704 $37,870 $10,290 $27,580
2014 $2,681 $37,870 $10,290 $27,580
2013 $2,657 $37,870 $10,290 $27,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11132834

Midwest Real Estate Data (MRED)

APN: 41-14-36-106-003