NOT LISTED FOR SALE

615 E Colorado Ave Urbana, IL 61801

Southeast Urbana Neighborhood

Estimated Value: $262,000 - $290,000

6 Beds
4 Baths
2,080 Sq Ft
$132/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $252,000 $121 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,988/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Patio
  • Forced Air Heating System
  • 2 Car Attached Garage
  • 1-Story Property

About This Home

As of May 2024

Excellent opportunity to add this occupied duplex to your portfolio. Both units show very nicely! ach unit has 3 bedrooms 1.5 bath's and a one car garage. There have been many upgrades done recently such as the 7 year old roof. The furnaces are 2022 and 2024. Water heaters are 2019 and 2024. One of the units also comes with washer and dryers from 2024. Both tenants have been there for several years with leases ending July and December.

Last Agent to Sell the Property

Nick Taylor

Taylor Realty Associates License #471001633 Listed on: 04/11/2024

Co-Listed By

Jeff Morrison

Taylor Realty Associates License #475199938

Last Buyer's Agent

Casey Ryan

RE/MAX REALTY ASSOCIATES-CHA License #475185924

RE/MAX REALTY ASSOCIATES-CHA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,909

Year Built

  • Built in 1972

Lot Details

  • 9,496

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Contemporary Architecture
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • Patio
  • Lot Dimensions are 95x130

Community Details

  • 2 Units
  • Gross Income $23,232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,909

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Year Built: 1972
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 559 ENNIS RIDGE 7TH SUB
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: Water Heater-Gas
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 2

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 242000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Heating: Forced Air
  • Water Source: Public

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Lot Dimensions: 95X130
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • GrossIncome: 23232
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 5909
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
May 13, 2024
Sold by
Colorado Properties Llc
Bought by
Camo Unlimited Llc
Seller's Agent
Nick Taylor
Taylor Realty Associates
Buyer's Agent
Casey Ryan
RE/MAX REALTY ASSOCIATES-CHA
List Price
$242,000
Sold Price
$252,000
Premium/Discount to List
$10,000
4.13%
Views
33
Current Estimated Value
$274,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,432
Avg. Annual Appreciation
6.67%
Original Mortgage
$201,600
Outstanding Balance
$181,173
Interest Rate
4.61%
Mortgage Type
Credit Line Revolving
Estimated Equity
$93,259

Purchase Details

Listed on
Oct 14, 2021
Closed on
Dec 1, 2021
Sold by
Koroma Banio and Koroma Shanelle M
Bought by
Colorado Properties Llc
Seller's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
Buyer's Agent
Jon Fisher
MR. LANDMAN
List Price
$220,000
Sold Price
$225,600
Premium/Discount to List
$5,600
2.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%

Purchase Details

Closed on
Jun 15, 2018
Sold by
Osterbur Lucille and Schwartz Connie
Bought by
Koroma Banio and Koroma Shanelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,625
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Camo Unlimited Llc $252,000 None Listed On Document
Colorado Properties Llc $226,000 Kesler Cherie
Koroma Banio $147,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camo Unlimited Llc $201,600
Previous Owner Colorado Properties Llc $170,000
Previous Owner Koroma Banio $110,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2024 05/13/24 Sold $252,000 +4.1% $121 / Sq Ft
04/14/2024 04/14/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $242,000 +7.3% $116 / Sq Ft
12/01/2021 12/01/21 Sold $225,600 +2.5% $108 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $220,000 -- $106 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $6,306 $64,890 $25,830 $39,060
2023 $6,306 $59,210 $23,570 $35,640
2022 $5,909 $54,520 $21,700 $32,820
2021 $5,491 $50,810 $20,220 $30,590
2020 $4,668 $49,330 $19,630 $29,700
2019 $5,165 $49,330 $19,630 $29,700
2018 $5,309 $51,320 $19,770 $31,550
2017 $5,375 $50,230 $19,350 $30,880
2016 $5,241 $49,240 $18,970 $30,270
2015 $5,292 $49,240 $18,970 $30,270
2014 $5,220 $49,240 $18,970 $30,270
2013 $5,151 $49,240 $18,970 $30,270
Source: Public Records

Agents Affiliated with this Home

  • Nick Taylor

    Seller's Agent in 2024

    Nick Taylor

    Taylor Realty Associates

    (217) 377-4353

    23 in this area

    785 Total Sales

    Nick Taylor
    Section Image
  • Jeff Morrison

    Seller Co-Listing Agent in 2024

    Jeff Morrison

    Taylor Realty Associates

    (815) 535-6679

    2 in this area

    6 Total Sales

    Jeff Morrison
    Section Image
  • Casey Ryan

    Buyer's Agent in 2024

    Casey Ryan

    RE/MAX

    (217) 553-3598

    1 in this area

    74 Total Sales

    Casey Ryan
    Section Image
  • Ryan Dallas

    Seller's Agent in 2021

    Ryan Dallas

    RYAN DALLAS REAL ESTATE

    (217) 712-3853

    44 in this area

    2,370 Total Sales

    Ryan Dallas
    Section Image
  • Jon Fisher

    Buyer's Agent in 2021

    Jon Fisher

    MR. LANDMAN

    (217) 202-0924

    3 in this area

    212 Total Sales

    Jon Fisher
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12020875

Midwest Real Estate Data (MRED)

APN: 93-21-21-151-003

Illinois Champaign County Urbana 61801 Southeast Urbana

615 E Colorado Ave, Urbana, IL

This home is located at 615 E Colorado Ave, Urbana, IL 61801 since 11 April 2024 and is currently estimated at $274,432, approximately $131 per square foot. This property was built in 1972. 615 E Colorado Ave is a home located in Champaign County with nearby schools including Yankee Ridge Elementary School, Urbana Middle School, and Urbana High School.

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) Based on information submitted to the MLS GRID. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes