NOT LISTED FOR SALE

Estimated Value: $147,000 - $167,573

3 Beds
1.5 Baths
1,261 Sq Ft
$127/Sq Ft Est. Value

Last Sold May 28, 2024

Last sale price $160,000 $127 Per Sq Ft

Current estimated payment $1,173/month

7 Days on Market

Highlights

  • Ranch Style House
  • Bathroom on Main Level
  • Ceiling Fan
  • Wood Flooring
  • Central Air

About This Home

As of May 2024

Welcome to 703 E Fairlawn Dr, Urbana, IL, a charming residence nestled in the heart of the Urbana neighborhood. This 3 bed 1.5 bath ranch-style home is just waiting for you to come explore. As you step inside, you'll immediately notice the timeless beauty of hardwood flooring that graces the living room and bedrooms. This home also features a carpeted family with plenty of windows allowing in natural light that you can shape to your imagination. As you head downstairs discover a convenient bar area, perfect for hosting casual gatherings or enjoying a quiet evening at home. You will also find a laundry room equipped with a half bath. There is also a room for the furnace, water heater, and a work area for your needs. Venture outside and uncover a backyard oasis, ideal for entertaining guests or simply unwinding after a long day. You will find a patio, garden area, a firepit, and a very convenient shed! With a roof replacement in 2021 and a sewer line replaced in 2016 as stated by the previous owners, this home offers both charm and peace of mind. 703 E Fairlawn Dr invites you to experience the warmth and comfort of a true home. Don't miss the opportunity to make this your own slice of paradise in Urbana. BROKER OWNED!

Last Agent to Sell the Property

Dan Gordon

RE/MAX REALTY ASSOCIATES-CHA License #471022027 Listed on: 05/01/2024

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Dionne Clifton

Live Real Estate Group License #471019717

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,357

Year Built

  • Built in 1950

Lot Details

  • 6,055 Sq Ft Lot
  • Lot Dimensions are 55 x 140x81.89x 80

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,261 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Wood Flooring
  • Gas Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Finished Basement Bathroom

Parking

  • Driveway
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,357

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Washer, Dryer, Gas Oven
  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Full Bath, Drapes/Blinds, Pantry
  • LivingArea: 1261
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 1261
  • Basement Description: Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1261
  • Total Sq Ft: 2051
  • Attic: Pull Down Stair,Unfinished
  • Main Level Sq Ft: 1261
  • Unfinished Lower Sq Ft: 790
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 149999
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Street, Driveway
  • Driveway: Concrete
  • Parking: Space/s
  • Parking On-Site: No
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 116

Lot Info

  • Lot Size Acres: 0.139
  • Lot Dimensions: 55 X 140X81.89X 80
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 3357
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
May 28, 2024
Sold by
Spencer Kyaira L and Spencer Blake R
Bought by
Mccalla Kendall
Seller's Agent
Dan Gordon
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Dionne Clifton
Live Real Estate Group
List Price
$149,999
Sold Price
$160,000
Premium/Discount to List
$10,001
6.67%
Views
58
Current Estimated Value
$159,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$357
Avg. Annual Appreciation
2.54%
Original Mortgage
$150,900
Outstanding Balance
$149,430
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$15,633

Purchase Details

Listed on
Apr 15, 2020
Closed on
Jun 11, 2020
Sold by
Wright Millie Wang and Rabenort Cole
Bought by
Spencer Blake R and Spencer Kyaire L
Seller's Agent
Barbara Gallivan
KELLER WILLIAMS-TREC
Buyer's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
List Price
$114,900
Sold Price
$117,500
Premium/Discount to List
$2,600
2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$113,975
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2014
Sold by
Holland Cora
Bought by
Wood Priscilla

Purchase Details

Closed on
Jul 1, 2003
Sold by
Ebert Benjamin W and Ebert Rebecca L
Bought by
Rudd Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,800
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2003
Sold by
Ebert Kenneth A
Bought by
Rudd Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,800
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mccalla Kendall $160,000 None Listed On Document
Spencer Blake R $117,500 Allied Capital Title
Wood Priscilla -- None Available
Rudd Jessica $98,500 --
Rudd Jessica -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccalla Kendall $150,900
Previous Owner Spencer Blake R $113,975
Previous Owner Wright Millie Wang $82,400
Previous Owner Wright Millie Wang $7,500
Previous Owner Wright Millie Wang $5,000
Previous Owner Kopolow Jessica D $88,000
Previous Owner Rudd Jessica $78,800
Previous Owner Rudd Jessica $19,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2024 05/28/24 Sold $160,000 +6.7% $127 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $149,999 +27.7% $119 / Sq Ft
06/16/2020 06/16/20 Sold $117,500 +2.3% $93 / Sq Ft
04/23/2020 04/23/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $114,900 +11.6% $91 / Sq Ft
10/22/2014 10/22/14 Sold $103,000 -10.4% $86 / Sq Ft
07/31/2014 07/31/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $114,900 -- $96 / 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 $3,637 $44,040 $11,810 $32,230
2023 $3,637 $40,190 $10,780 $29,410
2022 $3,357 $37,010 $9,930 $27,080
2021 $3,075 $34,490 $9,250 $25,240
2020 $2,956 $33,480 $8,980 $24,500
2019 $2,872 $33,480 $8,980 $24,500
2018 $2,863 $33,710 $9,040 $24,670
2017 $2,962 $33,710 $9,040 $24,670
2016 $2,945 $33,710 $9,040 $24,670
2015 $2,978 $33,710 $9,040 $24,670
2014 $2,938 $33,710 $9,040 $24,670
2013 $2,899 $33,710 $9,040 $24,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12036911

Midwest Real Estate Data (MRED)

APN: 92-21-16-305-002