NOT LISTED FOR SALE

706 E Colorado Ave Urbana, IL 61801

Southeast Urbana Neighborhood

Estimated Value: $196,000 - $233,847

6 Beds
2 Baths
1,296 Sq Ft
$163/Sq Ft Est. Value

Last Sold November 12, 2024

Last sale price $185,000 $143 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,320/month

23 Days on Market

About This Home

As of November 2024

Discover instant income potential in this 2 unit bi-level just east of U of I campus near shopping, restaurants and entertainment. Both units offer spacious living rooms, dining area, kitchen, three bedrooms and 1 bath. One garage slot included with each. Could also be converted back to a single family home. Add this beauty to your portfolio today!

Last Agent to Sell the Property

Ryan Dallas

RYAN DALLAS REAL ESTATE License #475143433 Listed on: 09/11/2024

Last Buyer's Agent

Hugo Solorzano

RE/MAX REALTY ASSOCIATES-CHA License #475211934

RE/MAX REALTY ASSOCIATES-CHA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,481

Year Built

  • Built in 1977

Lot Details

  • 8,015

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Bi-Level Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 80x153
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,481

Year Built

Built in 1977

Lot Details

8,015 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • New Construction: No
  • Year Built: 1977
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 370 SUNNYCREST INC., 17TH SUB
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • 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

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Dimensions: 80X153
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 6480.62
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Converted Residence,Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Nov 12, 2024
Sold by
Durso Properties Llc
Bought by
Jurado Gabriela Rosas
Seller's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
Buyer's Agent
Hugo Solorzano
RE/MAX REALTY ASSOCIATES-CHA
List Price
$219,900
Sold Price
$185,000
Premium/Discount to List
-$34,900
-15.87%
Views
28
Current Estimated Value
$210,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,712
Avg. Annual Appreciation
10.04%
Original Mortgage
$148,000
Outstanding Balance
$146,527
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$64,185
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jurado Gabriela Rosas $185,000 None Listed On Document
Jurado Gabriela Rosas $185,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jurado Gabriela Rosas $148,000
Closed Jurado Gabriela Rosas $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2024 11/12/24 Sold $185,000 -15.9% $143 / Sq Ft
09/28/2024 09/28/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $219,900 -- $170 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $6,481 $66,700 $21,760 $44,940
2023 $6,481 $60,850 $19,850 $41,000
2022 $6,073 $56,030 $18,280 $37,750
2021 $5,643 $52,220 $17,040 $35,180
2020 $5,461 $50,700 $16,540 $34,160
2019 $5,308 $50,700 $16,540 $34,160
2018 $5,282 $51,060 $16,660 $34,400
2017 $5,348 $49,970 $16,300 $33,670
2016 $5,215 $48,990 $15,980 $33,010
2015 $5,265 $48,990 $15,980 $33,010
2014 $5,193 $48,990 $15,980 $33,010
2013 $5,125 $48,990 $15,980 $33,010
Source: Public Records

Agents Affiliated with this Home

  • Ryan Dallas

    Seller's Agent in 2024

    Ryan Dallas

    RYAN DALLAS REAL ESTATE

    (217) 239-7130

    52 in this area

    2,366 Total Sales

    Ryan Dallas
    Section Image

  • H

    Buyer's Agent in 2024

    Hugo Solorzano

    RE/MAX

    (217) 352-5700

    3 in this area

    13 Total Sales

    Hugo Solorzano
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12155456

Midwest Real Estate Data (MRED)

APN: 93-21-21-106-014

Illinois Champaign County Urbana 61801 Southeast Urbana

706 E Colorado Ave, Urbana, IL

Not Listed for Sale

MultiFamily

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.
Based on information submitted to the MLS GRID

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