NOT LISTED FOR SALE

701 W Pennsylvania Ave Urbana, IL 61801

West Urbana Neighborhood

Estimated Value: $373,000 - $631,000

4 Beds
3 Baths
2,379 Sq Ft
$206/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $390,000 $164 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,470/month

127 Days on Market

Highlights

  • Heated Floors
  • Fenced Yard
  • Soaking Tub
  • Home Office
  • Attached Garage
  • Walk-In Closet

About This Home

As of December 2020

2 blocks from campus this charming historic home has been lovingly restored by its current owners. They integrated an addition to the original home in a major renovation by New Prairie Construction, creating a relaxing, modern master suite retreat with ensuite bathroom with heated floors, double sinks 2 shower heads and a large soaking tub. In addition the new MBR features a fireplace & walk in closet. The updated kitchen features a wall of windows that overlook a romantic private fenced in yard, with patio space that is perfect for hosting parties. The attached 2 car garage has a 3rd door that opens to the back patio, and extra workshop & gardening space. The basement boasts a modern laundry area, plenty of storage, and the perfect space for a lux home gym. Everything from the paint colors to the charming entryway spaces, with handmade, tiles that mirror the original hearth style are all true to the original character of the house. Additional updates include Nest smoke/carbon monoxide and thermostats throughout the house, newer windows, improved drainage, radon mitigation, and additional insulation.

Last Agent to Sell the Property

Susan Frobish

Heartland Real Estate of Central Illinois, Inc License #475132373 Listed on: 06/30/2020

Last Buyer's Agent

Ronald Fields

AroundCU Real Estate Company License #475123894

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,648

Year Built | Renovated

  • 1931 | 2015

Lot Details

  • 9,583

Parking

  • Attached Garage
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Home Office
  • Partially Finished Basement
  • Partial Basement

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • Patio
  • Fenced Yard

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,648

Year Built | Renovated

1931 | 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: 81-90 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 3
  • Ownership: Fee Simple
  • Rehab Year: 2015
  • Total Full or Half Bathrooms: 2.1
  • Total Sq Ft: 2379
  • Unfinished Basement Sq Ft: 472
  • Type Detached: 1.5 Story
  • Estimated Year Built: 1931
  • Tax Exemptions: Homeowner
  • Total Sq Ft: 3171
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1931
  • Year Renovated: 2015

Interior Features

  • Interior Property Features: Hardwood Floors, Heated Floors, Walk-In Closet(s)
  • Number Of Rooms: 8
  • Living Room: Dimensions: 16X20, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Fireplace Details: Wood Burning, Gas Logs
  • Attic: Interior Stair
  • Fireplace Location: Living Room, Master Bedroom
  • Basement: Partial
  • Basement: Partially Finished
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink, Soaking Tub
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 7X8, On Level: Basement, Flooring: Other
  • Dining Room: Dimensions: 13X10, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Kitchen Type: Dimensions: 10X19, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Kitchen Type: Eating Area-Breakfast Bar
  • Additional Rooms: Office
  • Master Bedroom: Dimensions: 18X12, On Level: 2nd Level, Flooring: Hardwood, Windows: All
  • Additional Room 1 Name: Office, Dimensions: 7X19, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 12X13, On Level: 2nd Level, Flooring: Hardwood, Windows: All
  • Bedroom 3: Dimensions: 12X13, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 9X13, On Level: 2nd Level, Flooring: Hardwood, Windows: All
  • Estimated Sq Ft: 2379
  • Estimated Total Finished Sq Ft: 2699
  • Basement Sq Ft: 792
  • Basement Finished Sq Ft: 320
  • Main Level Sq Ft: 1154
  • Upper Level Sq Ft: 1225
  • Dining Room Type: Separate

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio
  • Acreage: 0.226

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Garage Ownership: Owned

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Schools

  • School District: 116
  • Elementary School: Leal Elementary School
  • Middle School: Urbana Middle School
  • High School: Urbana High School
  • Junior High Dist: 116

Lot Info

  • Lot Dimensions: 90.36 X 115
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 932117356029

Tax Info

  • Taxes: 7791.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Dec 1, 2020
Sold by
Minnick Eric B and Minnick Amy E
Bought by
Thai Leo and Thai Sara E
Seller's Agent
Susan Frobish
Heartland Real Estate of Central Illinois, Inc
Buyer's Agent
Ronald Fields
AroundCU Real Estate Company
List Price
$437,900
Sold Price
$390,000
Premium/Discount to List
-$47,900
-10.94%
Current Estimated Value
$490,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,234
Avg. Annual Appreciation
5.37%
Original Mortgage
$370,500
Outstanding Balance
$333,742
Interest Rate
2.72%
Mortgage Type
New Conventional
Estimated Equity
$165,521

Purchase Details

Closed on
Jun 12, 2013
Sold by
Simpson Ross W
Bought by
Barkley James R and Barkley Traci

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2005
Sold by
Alexander Elizabeth B
Bought by
Alexander Elizabeth B
Source: Public Records

Range of Values:

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Average Value
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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
Thai Leo $390,000 Attorney
Barkley James R $200,000 None Available
Alexander Elizabeth B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thai Leo $370,500
Closed Thai Leo $370,500
Previous Owner Minnick Eric B $234,400
Previous Owner Barkley James R $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $390,000 -8.2% $164 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
10/27/2020 10/27/20 Price Changed $425,000 -0.2% $179 / Sq Ft
10/26/2020 10/26/20 Price Changed $425,900 -2.7% $179 / Sq Ft
09/29/2020 09/29/20 For Sale $437,900 0.0% $184 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/17/2020 09/17/20 Price Changed $437,900 -1.6% $184 / Sq Ft
08/16/2020 08/16/20 For Sale $445,000 +14.1% $187 / Sq Ft
07/29/2020 07/29/20 Off Market $390,000 -- --
06/30/2020 06/30/20 For Sale $445,000 +51.9% $187 / Sq Ft
07/01/2015 07/01/15 Sold $293,000 -8.4% $123 / Sq Ft
05/10/2015 05/10/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $319,900 -- $134 / 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 $9,648 $105,980 $43,310 $62,670
2023 $9,648 $96,700 $39,520 $57,180
2022 $8,988 $89,040 $36,390 $52,650
2021 $8,310 $82,980 $33,910 $49,070
2020 $8,020 $80,560 $32,920 $47,640
2019 $7,792 $80,560 $32,920 $47,640
2018 $7,762 $81,130 $33,150 $47,980
2017 $8,030 $81,130 $33,150 $47,980
2016 $6,696 $69,000 $31,870 $37,130
2015 $6,519 $69,000 $31,870 $37,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10765260

Midwest Real Estate Data (MRED)

APN: 93-21-17-356-029