NOT LISTED FOR SALE

505 S Busey Ave Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $2,289,000

-- Bed
-- Bath
-- Sq Ft
0.48 Acres

About This Home

This home is located at 505 S Busey Ave, Urbana, IL 61801 and is currently estimated at $2,289,000. 505 S Busey Ave is a home located in Champaign County with nearby schools including Leal Elementary School, Urbana Middle School, and Urbana High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2014
Sold by
Sterling Management Llc
Bought by
Sterling Management Llc
Current Estimated Value
$2,289,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2012
Sold by
Sterling Management Llc
Bought by
Sterling Management Llc 505 Busey Series

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2012
Sold by
Busey Trust Company
Bought by
Dwb Family Llc Series 505 Busey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2010
Sold by
Green Lois D and Tuncay Sally Green
Bought by
Rantoul Properties Llc and Barr David W

Purchase Details

Closed on
Jun 23, 2010
Sold by
Barr David W
Bought by
Dwb Family Llc Series 705 Church
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Sterling Management Llc -- None Available
Sterling Management Llc 505 Busey Series -- None Available
Dwb Family Llc Series 505 Busey -- None Available
Rantoul Properties Llc -- None Available
Dwb Family Llc Series 705 Church -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sterling Management Llc $1,975,000
Closed Sterling Management Llc $1,400,000
Closed Sterling Management Llc 505 Busey Series $400,000
Closed Dwb Family Llc Series 505 Busey $805,101
Source: Public Records

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 $68,820 $709,100 $129,700 $579,400
2023 $68,820 $646,990 $118,340 $528,650
2022 $64,485 $595,760 $108,970 $486,790
2021 $63,092 $584,460 $106,910 $477,550
2020 $61,037 $567,440 $103,800 $463,640
2019 $78,923 $755,240 $103,800 $651,440
2018 $66,022 $639,070 $87,830 $551,240
2017 $68,301 $639,070 $87,830 $551,240
2016 $67,925 $639,070 $87,830 $551,240
2015 $65,407 $639,070 $87,830 $551,240
2014 $64,523 $608,640 $83,650 $524,990
2013 $62,926 $601,470 $83,650 $517,820
Source: Public Records

Map

Illinois Champaign County Urbana 61801 West Urbana

505 S Busey Ave, Urbana, IL

This home is located at 505 S Busey Ave, Urbana, IL 61801 and is currently estimated at $2,289,000. 505 S Busey Ave is a home located in Champaign County with nearby schools including Leal Elementary School, Urbana Middle School, and Urbana High School.

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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