NOT LISTED FOR SALE

508 W Michigan Ave Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $375,000 - $452,000

-- Bed
3 Baths
1,131 Sq Ft
$361/Sq Ft Est. Value

About This Home

This home is located at 508 W Michigan Ave, Urbana, IL 61801 and is currently estimated at $408,595, approximately $361 per square foot. 508 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
Sep 6, 2005
Sold by
Hobson Ian R
Bought by
Hoey Patrick H and Hoey Andrea Lee
Current Estimated Value
$381,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.93%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

Collateral Analytics

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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
Hoey Patrick H $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoey Patrick H $173,945
Closed Hoey Patrick H $184,400
Closed Hoey Patrick H $200,000
Previous Owner Hobson Ian R $51,000
Previous Owner Hobson Ian R $40,000
Previous Owner Hobson Ian R $195,000
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 $11,812 $128,290 $30,690 $97,600
2023 $11,812 $117,050 $28,000 $89,050
2022 $11,017 $107,780 $25,780 $82,000
2021 $10,196 $100,450 $24,030 $76,420
2020 $9,844 $97,520 $23,330 $74,190
2019 $9,564 $97,520 $23,330 $74,190
2018 $9,525 $98,200 $23,490 $74,710
2017 $9,854 $98,200 $23,490 $74,710
2016 $9,399 $94,430 $22,590 $71,840
2015 $9,160 $94,430 $22,590 $71,840
2014 $9,036 $91,240 $21,830 $69,410
2013 $9,112 $93,100 $22,270 $70,830
Source: Public Records

Map

Illinois Champaign County Urbana 61801 West Urbana

508 W Michigan Ave, Urbana, IL

This home is located at 508 W Michigan Ave, Urbana, IL 61801 and is currently estimated at $408,595, approximately $361 per square foot. 508 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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