Seller's Agent in 2024
Brandon Moore
RE/MAX
(217) 841-7048
3 in this area
93 Total Sales
504 E Green St Urbana, IL 61802
Historic East Urbana NeighborhoodEstimated Value: $822,000
20
Beds
20
Baths
--
Sq Ft
0.42
Acres
Highlights
- 0.42 Acre Lot
- Central Air
- Heating System Uses Gas
About This Home
As of January 202420 total units, 20 - 1 bedroom units on Green Street. The apartment complex is situated close to Lincoln Square Mall, Carle, OSF, and the University of Illinois to name a few. This offering is also located near dining and nightlife and will appeal to tenants. This offering presents substantial value-add potential through increased rent, improving the property, and streamlining the management. One roof has been replaced in the last 2 years. Most units feature a washer and dryer and a complement of appliances including refrigerator, stove, and dishwasher. Two year P&L and rent roll available for qualified buyers. Currently these units are managed locally through a third party company.
Last Agent to Sell the Property
RE/MAX REALTY ASSOCIATES-CHA License #475119265 Listed on: 10/17/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $36,606
Year Built
- Built in 1985
Lot Details
- 0.42 Acre Lot
- Lot Dimensions are 138x132
- Additional Parcels
Home Design
- Brick Exterior Construction
- Wood Frame Construction
Interior Spaces
- 2-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 20 Bedrooms
- 20 Bathrooms
Utilities
- Central Air
- Window Unit Cooling System
- Heating System Uses Gas
Community Details
- 20 Units
- Gross Income $152,640
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, sewer, hot water
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2023
Closed on
Jan 4, 2024
Sold by
Urbana Champaign Rental Company Llc
Bought by
Latham Solutions Llc
Seller's Agent
Brandon Moore
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Carol Meinhart
The Real Estate Group,Inc
List Price
$1,345,000
Sold Price
$1,120,000
Premium/Discount to List
-$225,000
-16.73%
Views
39
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
-$298,000
Avg. Annual Appreciation
-14.81%
Original Mortgage
$856,000
Outstanding Balance
$832,312
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
-$10,312
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
3.86%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Latham Solutions Llc | $1,120,000 | None Listed On Document | |
| Latham Solutions Llc | $1,120,000 | None Listed On Document | |
| Abbey Ventures Llc | $1,100,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Latham Solutions Llc | $856,000 | |
| Closed | Latham Solutions Llc | $856,000 | |
| Previous Owner | Abbey Ventures Llc | $872,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/30/2024 01/30/24 | Sold | $1,120,000 | -6.7% | -- | |
| 12/13/2023 12/13/23 | Pending | -- | -- | -- | |
| 10/26/2023 10/26/23 | Price Changed | $1,200,000 | -10.8% | -- | |
| 10/18/2023 10/18/23 | For Sale | $1,345,000 | +12.1% | -- | |
| 03/24/2020 03/24/20 | Sold | $1,200,000 | -9.4% | -- | View Prior Sale |
| 02/03/2020 02/03/20 | Pending | -- | -- | -- | |
| 11/23/2019 11/23/19 | Price Changed | $1,325,000 | -5.0% | -- | |
| 07/17/2019 07/17/19 | Price Changed | $1,395,000 | -2.1% | -- | |
| 06/07/2019 06/07/19 | For Sale | $1,425,000 | -- | -- |
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 | $20,617 | $212,430 | $19,050 | $193,380 |
| 2023 | $20,617 | $193,820 | $17,380 | $176,440 |
| 2022 | $19,318 | $178,470 | $16,000 | $162,470 |
| 2021 | $18,900 | $175,080 | $15,690 | $159,390 |
| 2020 | $18,284 | $169,980 | $15,230 | $154,750 |
| 2019 | $13,229 | $126,590 | $15,230 | $111,360 |
Source: Public Records
Agents Affiliated with this Home
-
Brandon Moore
-
Carol Meinhart
Buyer's Agent in 2024
Carol Meinhart
The Real Estate Group,Inc
(217) 840-3328
12 in this area
795 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11911222
APN: 92-21-17-235-008
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