NOT LISTED FOR SALE

505 Corey Ln Champaign, IL 61822

Estimated Value: $221,000 - $232,000

3 Beds
2 Baths
1,420 Sq Ft
$160/Sq Ft Est. Value

Last Sold December 22, 2015

Last sale price $138,500 $98 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,592/month

133 Days on Market

Highlights

  • Vaulted Ceiling
  • Ranch Style House
  • Walk-In Closet
  • Central High School Rated A
  • Attached Garage
  • Breakfast Bar

About This Home

As of December 2015

This home is a three bedroom, two bath ranch, after a bedroom addition was added in 2013. Lovely laminate floors were installed 2 years ago in the foyer, great room and all the bedrooms. Extra insulation blown in. Heat pump with back up furnace that only runs on the coldest days. This is a very nice, well-maintained home.

Last Listed By

Kathleen Simmons

RE/MAX Choice License #471003827 Listed on: 06/29/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,959

Year Built

  • 2006

Lot Details

  • 5,358

HOA Fees

  • $3 per month

Parking

  • Attached Garage

Home Design

  • Ranch Style House
  • Slab Foundation
  • Stone Siding
  • Vinyl Siding

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Additional Features

  • Vaulted Ceiling
  • North or South Exposure
  • Patio
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • $3,500 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,959

Year Built

2006

Lot Details

0

HOA Fees

$3 per month

Parking

2

Listing Details

  • Property Type: Detached Single
  • Disability Access: Yes
  • Age: 6-10 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 1420
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Interior Property Features: 1st Floor Bedroom, Vaulted/Cathedral Ceilings
  • Living Room: Dimensions: 20 X, On Level: Main Level, Flooring: Carpet
  • Appliances: Dishwasher, Disposal, Microwave
  • Equipment: TV-Cable
  • Basement: Slab
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 9.8 X, On Level: Main Level, Flooring: Vinyl
  • Kitchen Type: Dimensions: 9 X 9, On Level: Main Level, Flooring: Vinyl
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Walk In Closet
  • Master Bedroom: Dimensions: 13 X, On Level: Main Level, Flooring: Wood Laminate
  • Bedroom 2: Dimensions: 11 X, On Level: Main Level, Flooring: Wood Laminate
  • Bedroom 3: Dimensions: 14 X, On Level: Main Level, Flooring: Wood Laminate
  • Estimated Sq Ft: 1420
  • Estimated Total Finished Sq Ft: 1420
  • Main Level Sq Ft: 1420
  • Dining Room Type: Separate

Exterior Features

  • Exterior Building Type: Stone, Vinyl Siding
  • Exterior Property Features: Patio
  • Exposure: N (North)

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Number Garage Spaces: 2

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Electric, Forced Air

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Association Fees: 35

Schools

  • Elementary School: SOC
  • Middle School: CALL UNT 4 351-3701
  • High School: CENTRAL

Lot Info

  • Lot Dimensions: 51.9 X 103.5
  • Parcel Identification Number: 411436106004

Tax Info

  • Taxes: 2739

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2011
Sold by
Patel Jashvant P
Bought by
Patel Jashvant P and Patel Milka G
Total Days on Market
133
Current Estimated Value
$227,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2006
Sold by
Atkins Clinton C
Bought by
Patel Jashvant P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,768
Interest Rate
6.42%
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
Patel Jashvant P -- None Available
Patel Jashvant P $132,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frey Lorraine $133,292
Closed Patel Jashvant P $98,048
Closed Patel Jashvant P $98,400
Closed Patel Jashvant P $102,750
Closed Patel Jashvant P $105,768
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2015 12/22/15 Sold $138,500 -5.1% $98 / Sq Ft
11/09/2015 11/09/15 Pending -- -- --
06/29/2015 06/29/15 For Sale $146,000 -- $103 / 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 $3,959 $60,280 $14,550 $45,730
2023 $3,959 $54,900 $13,250 $41,650
2022 $3,645 $50,640 $12,220 $38,420
2021 $3,538 $49,650 $11,980 $37,670
2020 $3,411 $48,200 $11,630 $36,570
2019 $3,734 $47,210 $11,390 $35,820
2018 $3,642 $46,470 $11,210 $35,260
2017 $3,570 $45,510 $10,980 $34,530
2016 $2,759 $44,570 $10,750 $33,820
2015 $2,763 $43,780 $10,560 $33,220
2014 $2,739 $43,780 $10,560 $33,220
2013 $2,714 $43,780 $10,560 $33,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09424492

Midwest Real Estate Data (MRED)

APN: 41-14-36-106-004