$469,990
OPEN SUN 2PM - 4PM

505 W Pennsylvania Ave Urbana, IL 61801

West Urbana Neighborhood

Estimated payment $3,391/month

Total Views 2,463
3 Beds
2 Baths
2,001 Sq Ft
$235 Price per Sq Ft

Highlights

  • Sun or Florida Room
  • Laundry Room
  • Family Room
  • Formal Dining Room
  • Central Air
  • Senior Tax Exemptions

About This Home

Welcome to this beautifully updated 3-bedroom, 2-bath home on one of Urbana's classic tree-lined streets. A welcoming front entry opens into spacious living areas with hardwood floors, abundant natural light, and a charming sunroom. The living room features a cozy fireplace, while the formal dining room flows easily into the modern kitchen, complete with granite countertops, stainless steel appliances, and an abundance of storage. Upstairs, you'll find all three bedrooms, including a primary suite with an updated full bathroom. The clean, unfinished basement allows for storage opportunities. Thoughtful updates blend seamlessly with the home's timeless character, making it move-in ready. Outside, enjoy the large deck and landscaped backyard with a 2-car detached garage with epoxy floors. This home is a special find with its warmth, charm, and unbeatable location!

Listing Agent

Lisa Duncan

KELLER WILLIAMS-TREC License #475142322 Listed on: 09/02/2025

KELLER WILLIAMS-TREC

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,027

Year Built

  • Built in 1926

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 115.5x60

Parking

  • 2 Car Garage
  • Driveway
  • Parking Included in Price

Interior Spaces

  • 2,001 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Leal Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,027

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1926
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: Lots 7, pt 8 Block 2 Hubbard Terrace
  • Special Features: 4097
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Unfinished, Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • LivingArea: 2001
  • Room Type: Sun Room
  • Estimated Total Finished Sq Ft: 2001
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2001
  • Basement Sq Ft: 851
  • Fireplace Location: Living Room
  • Total Sq Ft: 2852
  • Unfinished Basement Sq Ft: 851
  • Upper Level Sq Ft: 940
  • Main Level Sq Ft: 1061
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 469990
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Concrete, Shared Driveway, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Leal Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 115.5X60
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10027.38
  • Tax Year: 2024
  • Tax Exemptions: Homeowner,Senior

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $9,333 $108,220 $30,320 $77,900
2023 $9,333 $98,740 $27,660 $71,080
2022 $8,651 $90,920 $25,470 $65,450
2021 $7,960 $84,740 $23,740 $61,000
2020 $7,666 $82,270 $23,050 $59,220
2019 $7,448 $82,270 $23,050 $59,220
2018 $8,559 $82,850 $23,210 $59,640
2017 $8,855 $82,850 $23,210 $59,640
2016 $8,468 $79,670 $22,320 $57,350
2015 $7,627 $79,670 $22,320 $57,350
2014 $7,524 $76,970 $21,560 $55,410
2013 $7,589 $78,540 $22,000 $56,540
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 For Sale $469,990 +42.4% $235 / Sq Ft
06/26/2018 06/26/18 Sold $330,000 -5.7% $163 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
05/30/2018 05/30/18 Price Changed $349,900 -1.4% $173 / Sq Ft
04/18/2018 04/18/18 Price Changed $355,000 -4.0% $176 / Sq Ft
03/15/2018 03/15/18 For Sale $369,900 -- $183 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $330,000 Attorney
Warranty Deed $147,000 Attorney
Deed $125,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $190,000 Purchase Money Mortgage
Previous Owner $200,000 Commercial
Previous Owner $60,000 Unknown
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12450450

Midwest Real Estate Data (MRED)

APN: 93-21-17-377-004