Seller's Agent in 2022
Joe Zalabak
KELLER WILLIAMS-TREC
(217) 721-5855
32 in this area
386 Total Sales
603 W High St Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $228,000 - $313,000
7
Beds
3
Baths
886
Sq Ft
$292/Sq Ft
Est. Value
About This Home
As of February 2022This three-unit investment property is located only 2.5 blocks from campus! This is an excellent opportunity to "house hack," where you live in one unit and rent the other two, and "live for free," where your rental income can cover your mortgage expense! The two-bedroom basement unit with egress windows has a full bath and kitchen and rents for $599. The first floor 2 bedroom unit, with a living room, full bath, kitchen, and washer and dryer in the unit is currently rented for $825 through July 2023. The second floor 3-bedroom, again with full bath and kitchen is rented for $750 through July 2022. With this monthly gross rental income, this investment property is priced to sell. Separately metered for electric, owner pays for natural gas and rebills for water. Newer roof and off-street parking!
Last Agent to Sell the Property
KELLER WILLIAMS-TREC License #475151471 Listed on: 08/04/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,818
Year Built
- Built in 1906
Lot Details
- 5,314
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 3 Bathrooms
Parking
- 3 Parking Spaces
- Driveway
- Uncovered Parking
- Parking Space is Owned
Schools
- Leal Elementary School
- Urbana Middle School
- Urbana High School
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 60x80
- Heating System Uses Natural Gas
Community Details
- 3 Units
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2021
Closed on
Feb 11, 2022
Sold by
Samuel Stidwell
Bought by
Bailey Derek and Guerrero Nataly Briceno
Seller's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
Buyer's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
Sold Price
$195,000
Total Days on Market
159
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,724
Avg. Annual Appreciation
9.47%
Original Mortgage
$146,250
Outstanding Balance
$120,216
Interest Rate
2.77%
Mortgage Type
New Conventional
Estimated Equity
$142,651
Purchase Details
Listed on
Nov 1, 2019
Closed on
Dec 17, 2019
Sold by
Klatt George
Bought by
Stidwell Samuel
Seller's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
Buyer's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
List Price
$245,000
Sold Price
$180,000
Premium/Discount to List
-$65,000
-26.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$176,739
Interest Rate
3.99%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 4, 2011
Sold by
Cassel Chad L and Cassel Chad
Bought by
Cassel Lonald and Cassel Rebecca
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,840
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2007
Sold by
Cline Herschel M and Cline Harriet A
Bought by
Cassel Chad L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 12, 2006
Sold by
Cline Herschel M and Cline Harriet A
Bought by
Cline Herschel M and Cline Harriet A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bailey Derek | $195,000 | None Listed On Document | |
| Stidwell Samuel | $180,000 | Attorney | |
| Cassel Lonald | $211,500 | None Available | |
| Cassel Chad L | $1,400,000 | None Available | |
| Cline Herschel M | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bailey Derek | $146,250 | |
| Previous Owner | Stidwell Samuel | $176,233 | |
| Previous Owner | Stidwell Samuel | $177,637 | |
| Previous Owner | Stidwell Samuel | $176,739 | |
| Previous Owner | Cassel Lonald | $240,000 | |
| Previous Owner | Cassel Lonald | $147,840 | |
| Previous Owner | Cassel Chad L | $1,623,058 | |
| Previous Owner | Cassel Chad L | $1,400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/11/2022 02/11/22 | Sold | $195,000 | 0.0% | $220 / Sq Ft |
| 01/11/2022 01/11/22 | Pending | -- | -- | -- |
| 09/29/2021 09/29/21 | For Sale | -- | -- | -- |
| 09/26/2021 09/26/21 | Pending | -- | -- | -- |
| 08/04/2021 08/04/21 | For Sale | $195,000 | +8.3% | $220 / Sq Ft |
| 12/19/2019 12/19/19 | Sold | $180,000 | -26.5% | $203 / Sq Ft |
| 11/01/2019 11/01/19 | Pending | -- | -- | -- |
| 11/01/2019 11/01/19 | For Sale | $245,000 | -- | $277 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $7,341 | $82,210 | $22,080 | $60,130 |
| 2023 | $7,341 | $75,010 | $20,150 | $54,860 |
| 2022 | $6,827 | $69,070 | $18,550 | $50,520 |
| 2021 | $6,301 | $64,370 | $17,290 | $47,080 |
| 2020 | $5,818 | $60,090 | $16,140 | $43,950 |
| 2019 | $6,279 | $60,090 | $16,140 | $43,950 |
| 2018 | $6,251 | $60,510 | $16,250 | $44,260 |
| 2017 | $6,467 | $60,510 | $16,250 | $44,260 |
| 2016 | $6,432 | $60,510 | $16,250 | $44,260 |
| 2015 | $6,503 | $60,510 | $16,250 | $44,260 |
| 2014 | $6,415 | $60,510 | $16,250 | $44,260 |
| 2013 | $6,331 | $60,510 | $16,250 | $44,260 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Zalabak
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11179196
APN: 92-21-17-113-005
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