PENDING
$25K PRICE DROP
504 W Nevada St Urbana, IL 61801
West Urbana NeighborhoodEstimated payment $3,276/month
Total Views
13,248
4
Beds
3.5
Baths
2,634
Sq Ft
$161
Price per Sq Ft
Highlights
- Deck
- Loft
- Living Room
- Wood Flooring
- Balcony
- Laundry Room
About This Home
A Rare Find on Professor Alley Nestled in the highly sought-after State Streets neighborhood, this charming and versatile property offers a unique blend of character, functionality, and location. Situated on the historic brick-lined Professor Alley, you'll enjoy the classic charm of Urbana with the convenience of a private drive and a detached 2-car garage-complete with a workshop in the back and a spacious area above. With its own mechanicals and a kitchenette, the space above the garage offers endless flexibility. Whether you're envisioning a private in-law suite, creative studio, workout room, or home office, this separate area is ready to adapt to your needs. Inside the main home, you'll find beautiful hardwood floors, an open-concept kitchen that flows into the family room and breakfast nook, and solar panels for efficient living. The primary bedroom opens to a private balcony, perfect for quiet mornings or unwinding at the end of the day. Wave to friendly neighbors from your front deck overlooking the historic brick road, or enjoy a cup of coffee on the back deck in the privacy of your fenced-in yard surrounded by mature trees. All this just minutes from downtown Urbana, the University of Illinois, parks, cafes, and more. Homes like this don't come along often-especially in such a special location. Don't miss your chance to make this beautiful home your own! Whether you're looking for your first home, a forever home, or an investment opportunity, this property offers the perfect blend of comfort, style, and location. Schedule your private showing today-homes like this don't stay on the market for long!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,730
Year Built
- Built in 1921
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
Interior Spaces
- 2,634 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Dining Room
- Loft
- Wood Flooring
- Partial Basement
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
Outdoor Features
- Balcony
- Deck
Schools
- Leal Elementary School
- Urbana Middle School
- Urbana High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Steam
- Heating System Uses Natural Gas
Additional Features
- Solar Heating System
- Lot Dimensions are 146 x 58
Listing and Financial Details
- Homeowner Tax Exemptions
Map
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Home Values in the Area
Average Home Value in this Area
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 | $10,982 | $119,730 | $25,190 | $94,540 |
| 2023 | $10,982 | $109,240 | $22,980 | $86,260 |
| 2022 | $10,238 | $100,590 | $21,160 | $79,430 |
| 2021 | $9,473 | $93,750 | $19,720 | $74,030 |
| 2020 | $9,145 | $91,020 | $19,150 | $71,870 |
| 2019 | $8,885 | $91,020 | $19,150 | $71,870 |
| 2018 | $8,851 | $91,670 | $19,290 | $72,380 |
| 2017 | $8,622 | $91,670 | $19,290 | $72,380 |
| 2016 | $8,290 | $89,000 | $18,730 | $70,270 |
| 2015 | $8,059 | $89,000 | $18,730 | $70,270 |
| 2014 | $7,950 | $85,990 | $18,100 | $67,890 |
| 2013 | $8,656 | $93,740 | $18,470 | $75,270 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2025 08/24/25 | Pending | -- | -- | -- |
| 08/08/2025 08/08/25 | Price Changed | $425,000 | -5.6% | $161 / Sq Ft |
| 07/31/2025 07/31/25 | For Sale | $450,000 | -- | $171 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | Attorney | |
| Warranty Deed | $324,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $258,865 | New Conventional | |
| Previous Owner | $151,000 | New Conventional | |
| Previous Owner | $164,000 | New Conventional | |
| Previous Owner | $180,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $160,000 | Unknown |
Source: Public Records
Similar Homes in Urbana, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12433699
APN: 92-21-17-161-023
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