NOT LISTED FOR SALE

507 W Springfield Ave Unit 1 Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $196,572

Studio
-- Bath
-- Sq Ft
5,619 Sq Ft Lot

About This Home

This home is located at 507 W Springfield Ave Unit 1, Urbana, IL 61801 and is currently estimated at $196,572. 507 W Springfield Ave Unit 1 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
May 12, 2025
Sold by
507 W Springfield Land Trust and Shea Timothy
Bought by
Tribe Investments Llc
Current Estimated Value
$196,572

Purchase Details

Closed on
Sep 25, 2019
Sold by
Kling Joanna and Shea Timothy M
Bought by
Shea Timothy and 507 W Springfield Land Trust

Purchase Details

Closed on
Dec 16, 2005
Sold by
Kirby Stephen T
Bought by
Kling Edgar M and Kling Blair B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2005
Sold by
Kling Blair B and Kling Julia
Bought by
Kling Joanna and Shea Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2005
Sold by
American National Red Cross
Bought by
Kirby Stephen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.68%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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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
Tribe Investments Llc $195,000 None Listed On Document
Shea Timothy -- None Available
Kling Edgar M $136,000 --
Kling Joanna $136,000 Allied Title Services
Kirby Stephen T -- Act
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kling Edgar M $116,000
Previous Owner Kling Joanna $131,000
Previous Owner Kirby Stephen T $120,000
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 $6,416 $66,110 $29,100 $37,010
2023 $6,416 $60,320 $26,550 $33,770
2022 $6,013 $55,550 $24,450 $31,100
2021 $5,589 $51,770 $22,790 $28,980
2020 $5,407 $50,270 $22,130 $28,140
2019 $4,864 $46,550 $20,490 $26,060
2018 $4,068 $39,380 $17,330 $22,050
2017 $3,881 $36,310 $15,980 $20,330
2016 $3,859 $36,310 $15,980 $20,330
2015 $3,902 $36,310 $15,980 $20,330
2014 $3,849 $36,310 $15,980 $20,330
2013 $3,799 $36,310 $15,980 $20,330
Source: Public Records

Map

Illinois Champaign County Urbana 61801 West Urbana

507 W Springfield Ave Unit 1, Urbana, IL

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