NOT LISTED FOR SALE

505 E Springfield Ave Champaign, IL 61820

Campustown Neighborhood

Estimated Value: $292,000

Studio
1 Bath
897 Sq Ft
$326/Sq Ft Est. Value

About This Home

This home is located at 505 E Springfield Ave, Champaign, IL 61820 and is currently estimated at $292,000, approximately $325 per square foot. 505 E Springfield Ave is a home located in Champaign County with nearby schools including Central High School, Canaan Academy, and Kingswood School.

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
May 8, 2026
Sold by
Bought by
Current Estimated Value
$292,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,735,000
Outstanding Balance
$7,735,000
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
-$7,443,000

Purchase Details

Closed on
Jun 27, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,735,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.85%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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

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
$10,042,500 None Listed On Document
$11,665,000 Attorney
$150,000 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 $7,735,000
Previous Owner $7,735,000
Previous Owner $560,000
Source: Public Records

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 $8,941 $106,400 $106,400 --
2024 $7,789 $94,830 $94,830 --
2023 $7,789 $86,370 $86,370 $0
2022 $7,327 $79,680 $79,680 $0
2021 $6,747 $73,700 $73,700 $0
2020 $6,435 $70,190 $70,190 $0
2019 $6,229 $68,750 $68,750 $0
2018 $6,089 $67,670 $67,670 $0
2017 $6,115 $67,670 $67,670 $0
2016 $5,482 $66,280 $66,280 $0
2015 $1,505 $65,110 $65,110 $0
2014 $1,492 $17,740 $17,740 $0
2013 $1,479 $17,740 $17,740 $0
Source: Public Records

Map

Illinois Champaign County Champaign 61820 Campustown

505 E Springfield Ave, Champaign, IL

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.

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