NOT LISTED FOR SALE

704 E Colorado Ave Urbana, IL 61801

Southeast Urbana Neighborhood

Estimated Value: $196,000 - $242,624

-- Bed
2 Baths
1,855 Sq Ft
$118/Sq Ft Est. Value

Last Sold May 30, 2018

Last sale price $125,000 $67 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,411/month

4 Days on Market

About This Home

As of May 2018

Spacious Duplex in Urbana, IL. Conveniently located in SE Urbana, near most shopping and services, and public park. Featured in each unit - a living room, kitchen, dining area, 2 bedrooms, bath and laundry area. Spacious closets. Attached single car garage. Appliances stay, but not guaranteed. Separate gas, electric and water meters. Handicap accessible.

Last Agent to Sell the Property

William Grubb

Bill Grubb Real Estate & Auctn License #471-003551 Listed on: 04/12/2018

Last Buyer's Agent

William Grubb

Bill Grubb Real Estate & Auctn License #471-003551 Listed on: 04/12/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,713

Year Built

  • Built in 1978

Lot Details

  • 9,017

Home Design

  • 1,855 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Asphalt Roof
  • Aluminum Siding
  • Masonite

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Range
  • Dryer
  • Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for exterior maintenance, repairs, sewer
  • Assessor Parcel Number 93-21-21-106-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,713

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1855.0
  • Directions: Crossroad=S. Vine,East University Ave, Urbana, South on Vine St., East on Colorado Ave.
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Year Built: 1978
  • Architectural Style: Ranch
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Water Heater, Range, Refrigerator
  • Basement YN: Yes
  • Owner Pays: Exterior Maintenance, Repairs, Sewer

Exterior Features

  • Construction Type: Aluminum Siding, Masonite
  • Roof: Asphalt
  • Waterfront: No

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • High School: Other
  • Middle Or Junior School: Other
  • Junior High Dist: Other

Lot Info

  • Parcel #: 93-21-21-106-013
  • Zoning: Other
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4713.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
May 30, 2018
Sold by
Scott W Jeanne
Bought by
Prosper Real Esttae Investments Llc
Seller's Agent
William Grubb
Bill Grubb Real Estate & Auctn
Buyer's Agent
William Grubb
Bill Grubb Real Estate & Auctn
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%
Current Estimated Value
$219,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,156
Avg. Annual Appreciation
7.44%
Original Mortgage
$120,000
Outstanding Balance
$90,580
Interest Rate
5.3%
Mortgage Type
Commercial
Estimated Equity
$119,898
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
Prosper Real Esttae Investments Llc $125,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prosper Real Esttae Investments Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2018 05/30/18 Sold $125,000 -3.8% $67 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $130,000 -- $70 / Sq Ft
Source: Central Illinois Board of REALTORS®

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 $6,660 $68,540 $24,470 $44,070
2023 $6,660 $62,540 $22,330 $40,210
2022 $6,242 $57,590 $20,560 $37,030
2021 $5,800 $53,670 $19,160 $34,510
2020 $5,611 $52,100 $18,600 $33,500
2019 $5,454 $52,100 $18,600 $33,500
2018 $5,428 $52,470 $18,730 $33,740
2017 $5,495 $51,350 $18,330 $33,020
2016 $4,720 $50,340 $17,970 $32,370
2015 $4,765 $50,340 $17,970 $32,370
2014 $4,701 $50,340 $17,970 $32,370
2013 $4,639 $50,340 $17,970 $32,370
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2018

    William Grubb

    Bill Grubb Real Estate & Auctn

    (217) 493-8350

    39 Total Sales

    William Grubb
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: D205205

APN: 93-21-21-106-013

Illinois Champaign County Urbana 61801 Southeast Urbana

704 E Colorado Ave, Urbana, IL

This home is located at 704 E Colorado Ave, Urbana, IL 61801 since 12 April 2018 and is currently estimated at $219,156, approximately $118 per square foot. This property was built in 1978. 704 E Colorado Ave is a home located in Champaign County with nearby schools including Wiley Elementary School, Urbana Middle School, and Urbana High School.

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