508 W Elm St Urbana, IL 61801
West Urbana NeighborhoodEstimated payment $2,525/month
Highlights
- Traditional Architecture
- Living Room
- Central Air
- Finished Attic
- Laundry Room
- 3-minute walk to Phillips Recreation Center
About This Home
Stunning Urbana Historic Landmark designated in 2008. This property underwent extensive renovations in 2009, featuring a brand-new kitchen, updated mechanical systems including central AC, new plumbing, a fire sprinkler system, skylights, and more. With 10 bedrooms and 4.5 bathrooms, it offers spacious living areas filled with historical charm, highlighted by tall ceilings and beautiful details. Plus, the property comes fully furnished, home is currently rented through July 2026.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,216
Year Renovated
- 2009
Lot Details
- Lot Dimensions are 62 x 146
Parking
- 2 Parking Spaces
Home Design
- Traditional Architecture
Interior Spaces
- 3,552 Sq Ft Home
- 3-Story Property
- Family Room
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
- Finished Attic
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Potential Bedrooms
Schools
- Urbana Elementary School
- Urbana Middle School
- Urbana High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,216 | $115,570 | $51,910 | $63,660 |
| 2023 | $11,216 | $105,440 | $47,360 | $58,080 |
| 2022 | $10,509 | $97,090 | $43,610 | $53,480 |
| 2021 | $9,767 | $90,480 | $40,640 | $49,840 |
| 2020 | $9,450 | $87,850 | $39,460 | $48,390 |
| 2019 | $7,780 | $74,450 | $33,440 | $41,010 |
| 2018 | $6,509 | $63,000 | $28,300 | $34,700 |
| 2017 | $6,208 | $58,090 | $26,090 | $32,000 |
| 2016 | $6,174 | $58,090 | $26,090 | $32,000 |
| 2015 | $6,243 | $58,090 | $26,090 | $32,000 |
| 2014 | $6,158 | $58,090 | $26,090 | $32,000 |
| 2013 | $6,077 | $58,090 | $26,090 | $32,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/10/2025 10/10/25 | For Sale | $299,900 | 0.0% | $84 / Sq Ft | |
| 09/28/2025 09/28/25 | Pending | -- | -- | -- | |
| 05/05/2025 05/05/25 | Off Market | $299,900 | -- | -- | |
| 03/04/2025 03/04/25 | Price Changed | $299,900 | -6.3% | $84 / Sq Ft | |
| 10/19/2024 10/19/24 | For Sale | $320,000 | +27.4% | $90 / Sq Ft | |
| 09/15/2020 09/15/20 | Sold | $251,100 | -10.0% | -- | View Prior Sale |
| 07/09/2020 07/09/20 | Pending | -- | -- | -- | |
| 06/05/2020 06/05/20 | For Sale | $279,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,480,000 | None Available | |
| Corporate Deed | $171,500 | None Available | |
| Warranty Deed | $168,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,814,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $355,000 | Commercial | |
| Previous Owner | $243,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12176956
APN: 92-21-17-110-025
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