NOT LISTED FOR SALE

604 S Busey Ave Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $270,000 - $392,000

6 Beds
3 Baths
1,024 Sq Ft
$315/Sq Ft Est. Value

Sale Details

Date Sold: May 31, 2023

Last sale price $260,000 $254 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,056 / mo

131 Days on Market

About This Home

As of May 2023

Currently a two-unit campus rental. Both leases currently end on 8/1/2023. Owner is possibly going to sign a lease for 8/2023-8/2024 if the opportunity presents itself prior to having this property under contract for sale. Property currently rents for $3000 per month. Tenants pay all utilities. Basement offers area for mechanicals and storage.

Last Agent to Sell the Property

Jeff and Laura Finke

Coldwell Banker R.E. Group License #471010471 Listed on: 12/16/2022

Coldwell Banker R.E. Group

Last Buyer's Agent

Ronald Fields

AroundCU Real Estate Company License #475123894

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,917

Lot Details

  • Lot Dimensions are 79.4 x 85

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Leal Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,917

Lot Details

6,490 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Legal Description: LOT PT 5 HALL, SARAH M., SUB
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 3
  • Number of Cars: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Elementary School: Leal Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School

Lot Info

  • Lot Dimensions: 79.4 X 85
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8916.6
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2022
Closed on
May 26, 2023
Sold by
Bought by
Seller's Agent
Jeff and Laura Finke
Coldwell Banker R.E. Group
Buyer's Agent
Ronald Fields
AroundCU Real Estate Company
List Price
$300,000
Sold Price
$260,000
Premium/Discount to List
-$40,000
-13.33%
Views
384
Current Estimated Value
$322,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,764
Avg. Annual Appreciation
7.20%
Original Mortgage
$160,000
Outstanding Balance
$137,495
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$185,269

Purchase Details

Closed on
Jun 18, 2009
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$260,000 None Listed On Document
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $160,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $260,000 -13.3% $254 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
12/16/2022 12/16/22 For Sale $300,000 -- $293 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $10,881 $111,620 $28,640 $82,980
2024 $10,239 $105,500 $27,070 $78,430
2023 $10,239 $96,260 $24,700 $71,560
2022 $9,593 $88,630 $22,740 $65,890
2021 $8,917 $82,600 $21,190 $61,410
2020 $8,626 $80,190 $20,570 $59,620
2019 $8,380 $80,190 $20,570 $59,620
2018 $8,343 $80,760 $20,720 $60,040
2017 $8,631 $80,760 $20,720 $60,040
2016 $8,334 $78,410 $20,120 $58,290
2015 $8,141 $78,410 $20,120 $58,290
2014 $8,031 $75,760 $19,440 $56,320
2013 $8,088 $77,310 $19,840 $57,470
Source: Public Records

Agents Affiliated with this Home

  • Jeff and Laura Finke

    Seller's Agent in 2023

    Jeff and Laura Finke

    Coldwell Banker R.E. Group

    (217) 766-1996

    22 in this area

    557 Total Sales

    Jeff and Laura Finke
    Section Image
  • Ronald Fields

    Buyer's Agent in 2023

    Ronald Fields

    AroundCU Real Estate Company

    (217) 621-6966

    7 in this area

    113 Total Sales

    Ronald Fields
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11676393

Midwest Real Estate Data (MRED)

APN: 92-21-17-156-008

Illinois Champaign County Urbana 61801 West Urbana

604 S Busey Ave, Urbana, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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