NOT LISTED FOR SALE

507 W Michigan Ave Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $381,000 - $648,000

-- Bed
2 Baths
1,824 Sq Ft
$302/Sq Ft Est. Value

About This Home

This home is located at 507 W Michigan Ave, Urbana, IL 61801 and is currently estimated at $550,807, approximately $301 per square foot. 507 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
Apr 4, 2017
Sold by
Fouke Bruce W and Fouke Ann B
Bought by
Fouke Bruce W and Fouke Ann B
Current Estimated Value
$550,807

Purchase Details

Closed on
Jun 29, 2004
Sold by
Heckman Aldred A and Heckman Nina K
Bought by
Fouke Bruce W and Fouke Ann B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
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
Fouke Bruce W -- None Available
Fouke Bruce W $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fouke Bruce W $156,140
Closed Fouke Bruce W $170,340
Closed Fouke Bruce W $205,000
Closed Fouke Bruce W $25,000
Closed Fouke Bruce W $126,000
Previous Owner Heckman Aldred A $380,000
Closed Fouke Bruce W $94,000
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 $21,413 $227,210 $53,810 $173,400
2023 $21,413 $207,310 $49,100 $158,210
2022 $20,013 $190,890 $45,210 $145,680
2021 $18,556 $177,900 $42,130 $135,770
2020 $17,933 $172,720 $40,900 $131,820
2019 $17,422 $172,720 $40,900 $131,820
2018 $17,350 $173,940 $41,190 $132,750
2017 $17,949 $173,940 $41,190 $132,750
2016 $17,139 $167,250 $39,610 $127,640
2015 $16,720 $167,250 $39,610 $127,640
2014 $16,494 $161,590 $38,270 $123,320
2013 $16,623 $164,890 $39,050 $125,840
Source: Public Records

Map

Illinois Champaign County Urbana 61801 West Urbana

507 W Michigan Ave, Urbana, IL

This home is located at 507 W Michigan Ave, Urbana, IL 61801 and is currently estimated at $550,807, approximately $301 per square foot. 507 W Michigan Ave is a home located in Champaign County with nearby schools including Leal Elementary School, Urbana Middle School, and Urbana High School.

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