NOT LISTED FOR SALE

505 N Prospect Ave Champaign, IL 61820

Estimated Value: $166,000 - $194,217

2 Beds
2 Baths
973 Sq Ft
$180/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $160,000 $164 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,110/month

2 Days on Market

Highlights

  • Second Kitchen
  • Deck
  • Wood Flooring
  • Central High School Rated A
  • Ranch Style House
  • 2 Car Detached Garage

About This Home

As of September 2023

Well maintained two bedroom, two bath home on spacious lot with mature trees. The front living room features a panoramic bay window which fills the house with natural light and shines on the hardwood floors. Both bedrooms are generously sized with a small sitting room off the master bedroom. Adorable eat in kitchen with white cabinets and newer appliances. Full basement offers 2nd kitchen, rec room (projection screen and sound system will stay), 2nd full bath and office/playroom/storage space. Enjoy entertaining on the large back deck or on the welcoming front porch- perfect to catch an evening sunset or "people watch". Detached, extra large two car garage offers additional storage with a small "turnaround" in driveway to make getting out of the drive easy!

Last Agent to Sell the Property

Creg McDonald

Realty Select One License #471008296 Listed on: 07/27/2023

Co-Listed By

Allison Nickerson

Realty Select One License #475180389

Last Buyer's Agent

Lisa Duncan

KELLER WILLIAMS-TREC License #475142322

KELLER WILLIAMS-TREC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,201

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 66x200

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 973 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Kitchen

  • Second Kitchen
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Shed

Schools

  • Unit 4 Of Choice Elementary School
  • Champaign/Middle Call Unit 4 351
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,201

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: PART OF E 1/2 OF NE 1/4 OF SEC 11 T19 NR8
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Full Bath
  • LivingArea: 973
  • Room Type: Kitchen
  • Estimated Total Finished Sq Ft: 1938
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1938
  • Flooring: Carpet
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Block
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Central High School
  • Middle/Junior School: Champaign/Middle Call Unit 4 351

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X200
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 2201.48
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Sep 1, 2023
Sold by
Boerema Rachel K and Boerema Tyler
Bought by
Brown Rachel
Seller's Agent
Creg McDonald
Realty Select One
Buyer's Agent
Lisa Duncan
KELLER WILLIAMS-TREC
List Price
$149,900
Sold Price
$160,000
Premium/Discount to List
$10,100
6.74%
Views
77
Current Estimated Value
$175,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,554
Avg. Annual Appreciation
3.94%
Original Mortgage
$6,000
Interest Rate
1.1%

Purchase Details

Listed on
Sep 21, 2018
Closed on
Mar 1, 2019
Sold by
Leonard Michael A
Bought by
Boerema Rachel K
Seller's Agent
Nick Taylor
Taylor Realty Associates
Buyer's Agent
Creg McDonald
Realty Select One
List Price
$138,900
Sold Price
$121,500
Premium/Discount to List
-$17,400
-12.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$97,200
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Leonard Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2011
Sold by
Bramfeld John F
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Dec 28, 2004
Sold by
Thomas Earnest D
Bought by
Woodard Bobbie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,700
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Brown Rachel $160,000 None Listed On Document
Boerema Rachel K $121,500 Attorney
Leonard Michael A $77,000 None Available
Federal Home Loan Mortgage Corp -- None Available
Woodard Bobbie L $126,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Brown Rachel $6,000
Open Brown Rachel $150,000
Previous Owner Boerema Rachel K $97,200
Previous Owner Leonard Michael A $61,600
Previous Owner Woodard Bobbie L $122,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/05/2023 09/05/23 Sold $160,000 +6.7% $164 / Sq Ft
07/30/2023 07/30/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $149,900 +23.4% $154 / Sq Ft
03/01/2019 03/01/19 Sold $121,500 -5.8% $115 / Sq Ft View Prior Sale
12/01/2018 12/01/18 Pending -- -- --
11/05/2018 11/05/18 Price Changed $129,000 -3.0% $122 / Sq Ft
10/30/2018 10/30/18 Price Changed $133,000 -4.2% $126 / Sq Ft
09/21/2018 09/21/18 For Sale $138,900 -- $131 / 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 $2,385 $35,630 $11,380 $24,250
2023 $2,385 $32,450 $10,360 $22,090
2022 $2,201 $29,940 $9,560 $20,380
2021 $2,138 $29,350 $9,370 $19,980
2020 $2,037 $28,220 $9,010 $19,210
2019 $1,960 $27,630 $8,820 $18,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11834591

Midwest Real Estate Data (MRED)

APN: 41-20-11-285-015