Laura Heiser
The Real Estate Group,Inc
(217) 858-3171
199 Total Sales
1 in Historic East Urbana
$40,000 Price
503 E Elm St Urbana, IL 61802
Historic East Urbana NeighborhoodEstimated Value: $118,557 - $148,000
7
Beds
3
Baths
900
Sq Ft
$143/Sq Ft
Est. Value
About This Home
As of January 2024Two contiguous homes both with R-5 Zoning allowing Medium Density Multi-Family. Approximately 17,250 square feet of zoning allowing building heights up to 35 feet as per the City of Urbana. Combined the units rent for $25,320 per year currently and are locally third party managed. Earn rent until you are ready to build! Consult local zoning and perform due diligence before making an offer. Listing agent believes that the units are currently under-rented and thus there exists potential for value add.
Last Agent to Sell the Property
RE/MAX REALTY ASSOCIATES-CHA License #475119265 Listed on: 10/18/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,742
Lot Details
- Lot Dimensions are 138x125
- Additional Parcels
Parking
- 1 Car Detached Garage
- Parking Space is Owned
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 3 Bathrooms
Schools
- Leal Elementary School
- Urbana Middle School
- Urbana High School
Utilities
- Heating System Uses Natural Gas
Community Details
- 2 Units
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 24, 2020
Sold by
Abey Ventures Llc
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$779,745
Interest Rate
3.4%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$650,606
Purchase Details
Closed on
Jul 1, 2015
Sold by
Quality Living Properties Llc
Bought by
Abbey Ventures Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$872,800
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 20, 2008
Sold by
Quality Living Properties Llc
Bought by
Quality Living Properties Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Historic East Urbana, IL
-
Laura Heiser
-
Barb Schwartz
Barb Schwartz
Keller Williams Realty Atl. Partners
(217) 794-6090
91 Total Sales
1 in Historic East Urbana
$73,000 Price
-
PJ Trautman
PJ Trautman
Trautman Real Estate Agency & Appraisal LLC
(217) 858-4950
168 Total Sales
7 in Historic East Urbana
$65K - $235K Price Range
-
Brock Collins
Brock Collins
Responds QuicklyeXp Realty - Mahomet Branch
(217) 688-9482
62 Total Sales
1 in Historic East Urbana
$160,000 Price
-
Jake Patterson
Jake Patterson
Realty Select One
(217) 858-3002
137 Total Sales
1 in Historic East Urbana
$162,500 Price
-
Carol Meinhart
Carol Meinhart
Responds QuicklyThe Real Estate Group LLC
(217) 858-4967
770 Total Sales
12 in Historic East Urbana
$79K - $1.1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,200,000 | Attorney | ||
| Abbey Ventures Llc | $1,100,000 | Attorney | |
| Quality Living Properties Llc | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $900,000 | ||
| Previous Owner | Abbey Ventures Llc | $872,800 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/09/2024 01/09/24 | Sold | $250,000 | -36.7% | $278 / Sq Ft |
| 12/01/2023 12/01/23 | Pending | -- | -- | -- |
| 10/26/2023 10/26/23 | Price Changed | $395,000 | -20.2% | $439 / Sq Ft |
| 10/18/2023 10/18/23 | For Sale | $495,000 | -- | $550 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $1,868 | $25,510 | $12,210 | $13,300 |
| 2024 | $1,702 | $24,110 | $11,540 | $12,570 |
| 2023 | $1,702 | $22,000 | $10,530 | $11,470 |
| 2022 | $1,544 | $20,260 | $9,700 | $10,560 |
| 2021 | $1,390 | $18,880 | $9,040 | $9,840 |
| 2020 | $1,326 | $18,330 | $8,780 | $9,550 |
| 2019 | $1,289 | $18,330 | $8,780 | $9,550 |
| 2018 | $2,393 | $29,160 | $8,840 | $20,320 |
| 2017 | $2,475 | $29,160 | $8,840 | $20,320 |
| 2016 | $2,343 | $28,040 | $8,500 | $19,540 |
| 2015 | $3,013 | $28,040 | $8,500 | $19,540 |
| 2014 | $2,973 | $28,040 | $8,500 | $19,540 |
| 2013 | $2,934 | $28,040 | $8,500 | $19,540 |
Source: Public Records
Agents Affiliated with this Home
-
Brandon Moore
Seller's Agent in 2024
Brandon Moore
RE/MAX
(217) 841-7048
3 in this area
93 Total Sales
-
Susan Frobish
Buyer's Agent in 2024
Susan Frobish
Heartland Real Estate of Central Illinois, Inc
(217) 202-4688
2 in this area
29 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11911199
APN: 92-21-17-235-005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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