607 W University Ave Champaign, IL 61820
Estimated Value: $325,433
4
Beds
3
Baths
2,379
Sq Ft
$137/Sq Ft
Est. Value
About This Home
As of December 2013Great investment in an excellent location! Numerous updates. Property inspected in 2009 and has been brought up to code. Some of the updates include a complete rewire of entire building. All units individually metered with 400 amp service. Rent amounts: Unit 1- $600 Unit 2- $385 Unit 3- $695 Unit 4- $700 Unit 5- $600 Unit 6- $700. Tenants pay their own electric and landlord pays, water, sewer, heat, A/C & garbage.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,384
Year Built
- 1885
Lot Details
- Lot Dimensions are 63x132
Home Design
- Wood Frame Construction
Interior Spaces
- 4 Bedrooms
- 2-Story Property
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
Community Details
- 6 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 6, 2018
Sold by
Martirano John
Bought by
Martirano John J and Martirano Dorothy H
Total Days on Market
175
Current Estimated Value
Purchase Details
Listed on
Apr 29, 2013
Closed on
Dec 3, 2013
Sold by
Baas Properties Partnership
Bought by
Martirano John
Seller's Agent
Barbara Gallivan
KELLER WILLIAMS-TREC
Buyer's Agent
Jonah Weisskopf
Weiner Co., Ltd.
List Price
$325,000
Sold Price
$240,000
Premium/Discount to List
-$85,000
-26.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.93%
Original Mortgage
$216,000
Outstanding Balance
$115,772
Interest Rate
4.17%
Mortgage Type
Commercial
Estimated Equity
$218,284
Purchase Details
Closed on
Apr 15, 2008
Sold by
Hill Carl E and Hill Jane A
Bought by
Baas Properties Partnership
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,848
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 4, 2006
Sold by
Daniels Cecil O
Bought by
Hill Carl E and Hill Jane A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.54%
Mortgage Type
Commercial
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Similar Homes in Champaign, IL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martirano John J | -- | None Available | |
| Martirano John | $240,000 | None Available | |
| Baas Properties Partnership | $230,000 | None Available | |
| Hill Carl E | $195,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Martirano John | $216,000 | |
| Previous Owner | Baas Properties Partnership | $232,000 | |
| Previous Owner | Baas Properties Partnership | $173,848 | |
| Previous Owner | Hill Carl E | $212,500 | |
| Previous Owner | Hill Carl E | $195,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/13/2013 12/13/13 | Sold | $240,000 | -26.2% | $101 / Sq Ft |
| 10/21/2013 10/21/13 | Pending | -- | -- | -- |
| 04/29/2013 04/29/13 | For Sale | $325,000 | -- | $137 / 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 | $7,650 | $93,150 | $19,220 | $73,930 |
| 2023 | $7,650 | $84,830 | $17,500 | $67,330 |
| 2022 | $7,196 | $78,250 | $16,140 | $62,110 |
| 2021 | $7,022 | $76,710 | $15,820 | $60,890 |
| 2020 | $6,763 | $73,760 | $15,210 | $58,550 |
| 2019 | $6,546 | $72,250 | $14,900 | $57,350 |
| 2018 | $6,400 | $71,120 | $14,670 | $56,450 |
| 2017 | $6,180 | $68,390 | $14,110 | $54,280 |
| 2016 | $5,540 | $66,980 | $13,820 | $53,160 |
| 2015 | $5,583 | $65,800 | $13,580 | $52,220 |
| 2014 | $5,535 | $65,800 | $13,580 | $52,220 |
| 2013 | $5,486 | $65,800 | $13,580 | $52,220 |
Source: Public Records
Agents Affiliated with this Home
-
Barbara Gallivan
Seller's Agent in 2013
Barbara Gallivan
KELLER WILLIAMS-TREC
(217) 202-5999
558 Total Sales
-
Jonah Weisskopf
J
Buyer's Agent in 2013
Jonah Weisskopf
Weiner Co., Ltd.
(217) 621-3196
51 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09440157
APN: 42-20-12-356-006
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