NOT LISTED FOR SALE

505 W Michigan Ave Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $387,000 - $552,000

-- Bed
2 Baths
1,202 Sq Ft
$400/Sq Ft Est. Value

About This Home

This home is located at 505 W Michigan Ave, Urbana, IL 61801 and is currently estimated at $480,320, approximately $399 per square foot. 505 W Michigan 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
Nov 15, 2023
Sold by
Bodulic Ivana
Bought by
Ivana Bodulic Trust and Bodulic
Current Estimated Value
$517,341

Purchase Details

Closed on
Aug 2, 2011
Sold by
Ryan Allison M and Ryan Joseph P
Bought by
Hrnjak Predrag and Bodulic Ivana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2007
Sold by
Massock Elaine
Bought by
Ryan Allison M and Ryan Joseph P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,750
Interest Rate
6.54%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 19, 2004
Sold by
Massock Elaine
Bought by
Massock Elaine
Source: Public Records

Range of Values:

Collateral Analytics

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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

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Quantarium

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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
Ivana Bodulic Trust -- None Listed On Document
Hrnjak Predrag $410,000 None Available
Ryan Allison M $437,500 None Available
Massock Elaine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hrnjak Predrag S $285,000
Previous Owner Hrnjak Predrag $328,000
Previous Owner Ryan Joseph P $350,000
Previous Owner Ryan Allison M $43,750
Previous Owner Ryan Joseph P $350,000
Previous Owner Massock Elaine $144,000
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 $15,553 $172,310 $53,810 $118,500
2023 $15,553 $157,220 $49,100 $108,120
2022 $14,479 $144,770 $45,210 $99,560
2021 $13,377 $134,920 $42,130 $92,790
2020 $12,907 $130,990 $40,900 $90,090
2019 $12,539 $130,990 $40,900 $90,090
2018 $12,492 $131,920 $41,190 $90,730
2017 $13,458 $131,920 $41,190 $90,730
2016 $12,845 $126,850 $39,610 $87,240
2015 $12,526 $126,850 $39,610 $87,240
2014 $12,357 $122,560 $38,270 $84,290
2013 $12,456 $125,060 $39,050 $86,010
Source: Public Records

Map

Illinois Champaign County Urbana 61801 West Urbana

505 W Michigan Ave, Urbana, IL

This home is located at 505 W Michigan Ave, Urbana, IL 61801 and is currently estimated at $480,320, approximately $399 per square foot. 505 W Michigan 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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