Seller's Agent in 2021
Ellen Cunnington
KELLER WILLIAMS-TREC
(217) 778-1990
1 in this area
23 Total Sales
503 S Race St Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $165,118 - $235,000
3
Beds
2
Baths
1,012
Sq Ft
$190/Sq Ft
Est. Value
About This Home
As of November 2021Highly desirable location close to Campus on the the West side of Lincoln Square. Two units zoned mixed use inspected by the City of Urbana in 2020. Many improvements made to plumbing, electrical, water main, and roof. Downstairs 2 bedroom has leased for $750/month, upstairs 1 bedroom is leased for $670/month through December 2021. Both units have and a portable dishwasher and upstairs has a window A/C. Hardwood floors. Both ranges were new in 2018. 95% efficient furnace and water heaters. Double paned Pella windows. 5 or 6 parking spaces. Great investment property, continually rented since 1999. Tenant pays gas and electric. Owner pays water, hauling, and sewer. 5 rented parking spaces that are owned by landlord.
Last Agent to Sell the Property
KELLER WILLIAMS-TREC License #475080382 Listed on: 08/23/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,279
Year Built
- Built in 1878
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 116 x 62
Home Design
- Asphalt Roof
- Asbestos Siding
Interior Spaces
- 2-Story Property
- Screened Porch
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Parking
- 5 Parking Spaces
- Uncovered Parking
- Parking Included in Price
- Assigned Parking
Schools
- Leal Elementary School
- Urbana Middle School
- Urbana High School
Utilities
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2021
Closed on
Nov 1, 2021
Sold by
Snow Juna Z
Bought by
Weisskopf Jonah
Seller's Agent
Ellen Cunnington
KELLER WILLIAMS-TREC
Buyer's Agent
Jonah Weisskopf
Weiner Co., Ltd.
List Price
$162,500
Sold Price
$130,000
Premium/Discount to List
-$32,500
-20%
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
$61,780
Avg. Annual Appreciation
9.78%
Original Mortgage
$105,600
Outstanding Balance
$92,236
Interest Rate
3.12%
Mortgage Type
Commercial
Estimated Equity
$92,413
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Weisskopf Jonah | $130,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Weisskopf Jonah V | $105,600 | |
| Previous Owner | Snow Juna Z | $67,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/03/2021 11/03/21 | Sold | $130,000 | -20.0% | $128 / Sq Ft |
| 10/08/2021 10/08/21 | Pending | -- | -- | -- |
| 08/23/2021 08/23/21 | For Sale | $162,500 | -- | $161 / 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 | $5,078 | $52,330 | $20,160 | $32,170 |
| 2023 | $5,078 | $47,740 | $18,390 | $29,350 |
| 2022 | $4,758 | $43,960 | $16,930 | $27,030 |
| 2021 | $4,423 | $40,970 | $15,780 | $25,190 |
| 2020 | $4,279 | $39,780 | $15,320 | $24,460 |
| 2019 | $4,157 | $39,780 | $15,320 | $24,460 |
| 2018 | $4,139 | $40,060 | $15,430 | $24,630 |
| 2017 | $4,281 | $40,060 | $15,430 | $24,630 |
| 2016 | $4,134 | $38,890 | $14,980 | $23,910 |
| 2015 | $4,037 | $38,890 | $14,980 | $23,910 |
| 2014 | $3,983 | $37,570 | $14,470 | $23,100 |
| 2013 | $4,010 | $38,330 | $14,760 | $23,570 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2021
Jonah Weisskopf
Weiner Co., Ltd.
(217) 621-3196
32 in this area
51 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11170412
APN: 92-21-17-251-006
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