NOT LISTED FOR SALE

507 E Colorado Ave Urbana, IL 61801

Southeast Urbana Neighborhood

Estimated Value: $187,000 - $244,000

3 Beds
2 Baths
1,364 Sq Ft
$158/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $162,500 $119 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,630/month

31 Days on Market

Highlights

  • 2 Fireplaces
  • 1 Car Attached Garage
  • Laundry Room
  • Formal Dining Room
  • Living Room
  • 1-Story Property

About This Home

As of August 2023

All brick ranch on a basement with loads of POTENTIAL! Rare opprotunity in todays market. Hardwood floors throughout the main floor (refinished and exposed in the dining room and 2nd bedroom) offer the possibility to make this into a real charmer. Property has a full basement with a second full bath, and endless opprotunities with an additional fireplace that makes converting to comfortable living space attractive. Some furniture still on premises, there will be an estate sale. May be people on site finishing up some items. Property is in an estate, prefer no inspection contingincies and need some time for response. Inspection included in attachments.

Last Agent to Sell the Property

Jason Rogers

Coldwell Banker R.E. Group License #475142864 Listed on: 06/04/2023

Coldwell Banker R.E. Group

Last Buyer's Agent

Phillip Trautman

Champaign County Realty License #471001829

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,269

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 71x130

Parking

  • 1 Car Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,364 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Family Room
  • Living Room
  • Formal Dining Room
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Schools

  • Wiley 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
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,269

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1956
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 187 UNIVERSITY DOWNS 8TH PLAT
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 2
  • LivingArea: 1364
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 1364
  • Basement Description: Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1364
  • Basement Sq Ft: 1364
  • Square Footage Comments: CTAO provided the estimated square footage
  • Total Sq Ft: 2728
  • Unfinished Basement Sq Ft: 1364
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1364
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Block
  • List Price: 185000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Electric
  • 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: Wiley Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 71X130
  • 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: 2269.14
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2023
Closed on
Aug 4, 2023
Sold by
Handal Fuad J
Bought by
Durso Krissie
Seller's Agent
Jason Rogers
Coldwell Banker R.E. Group
Buyer's Agent
Phillip Trautman
Champaign County Realty
List Price
$195,000
Sold Price
$162,500
Premium/Discount to List
-$32,500
-16.67%
Views
129
Current Estimated Value
$215,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,234
Avg. Annual Appreciation
13.81%
Original Mortgage
$130,000
Outstanding Balance
$126,982
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$88,752

Purchase Details

Listed on
Jun 4, 2023
Closed on
Aug 3, 2023
Sold by
Youaklm Diana D
Bought by
Handal Fuad J
Seller's Agent
Jason Rogers
Coldwell Banker R.E. Group
Buyer's Agent
Phillip Trautman
Champaign County Realty
List Price
$195,000
Sold Price
$162,500
Premium/Discount to List
-$32,500
-16.67%
Views
129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Outstanding Balance
$126,982
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$88,752
Source: Public Records

Range of Values:

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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
Durso Krissie $162,500 None Listed On Document
Handal Fuad J -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durso Krissie $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2023 08/04/23 Sold $162,500 -12.2% $119 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/12/2023 06/12/23 Price Changed $185,000 -5.1% $136 / Sq Ft
06/04/2023 06/04/23 For Sale $195,000 -- $143 / 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 $5,834 $66,600 $19,430 $47,170
2023 $5,834 $60,770 $17,730 $43,040
2022 $2,269 $55,960 $16,330 $39,630
2021 $4,448 $52,150 $15,220 $36,930
2020 $2,254 $47,760 $13,940 $33,820
2019 $2,193 $47,760 $13,940 $33,820
2018 $2,165 $48,100 $14,040 $34,060
2017 $2,240 $47,070 $13,740 $33,330
2016 $2,228 $46,150 $13,470 $32,680
2015 $2,245 $46,150 $13,470 $32,680
2014 $2,215 $46,150 $13,470 $32,680
2013 $2,186 $45,250 $13,470 $31,780
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jason Rogers

    Coldwell Banker R.E. Group

    (217) 351-1988

    2 in this area

    18 Total Sales

    Jason Rogers
    Section Image
  • Phillip Trautman

    Buyer's Agent in 2023

    Phillip Trautman

    Champaign County Realty

    (217) 202-1234

    4 in this area

    105 Total Sales

    Phillip Trautman
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11799456

Midwest Real Estate Data (MRED)

APN: 93-21-20-280-006

Illinois Champaign County Urbana 61801 Southeast Urbana

507 E Colorado Ave, Urbana, IL

This home is located at 507 E Colorado Ave, Urbana, IL 61801 since 04 June 2023 and is currently estimated at $215,734, approximately $158 per square foot. This property was built in 1956. 507 E Colorado Ave is a home located in Champaign County with nearby schools including Yankee Ridge Elementary School, Urbana Middle School, and Urbana High School.

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