NOT LISTED FOR SALE

Estimated Value: $251,000 - $324,607

4 Beds
3 Baths
1,072 Sq Ft
$268/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $215,000 $201 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,781/month

192 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 2-minute walk to Carle Park

About This Home

As of March 2022

Calling all investors! Come check out this 2 unit home that is conveniently located near campus. The top unit is a 2 bed, 1 bath unit that currently rents out for $980/month and the bottom unit is a 2 bed, 2 bath unit that currently rents out for $1,350/month. This property includes a partially finished basement perfect for storage and a 2 car detached garage. Bonus: new roof in 2018. Don't wait! An investment opportunity like this doesn't come up often. Call us today to schedule a private showing.

Last Agent to Sell the Property

Steve Littlefield

KELLER WILLIAMS-TREC License #475138856 Listed on: 07/29/2021

KELLER WILLIAMS-TREC

Co-Listed By

Trey Coffey

KELLER WILLIAMS-TREC License #475171878

Last Buyer's Agent

Natalie Nielsen

Pathway Realty, PLLC License #471021839

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,600

Year Built

  • Built in 1913

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 65x130

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,600

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1913
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 3 BLOCK 1 VAN DOREN'S ADD AND CARLE PARK
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave

Exterior Features

  • List Price: 220000
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

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

Utilities

  • Heating: Natural Gas, 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 Size Acres: 0.14
  • Lot Dimensions: 65X130
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 7599.54
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Mar 31, 2022
Sold by
Busboom Cory G and Busboom Bobbi R
Bought by
Hernandez-Rios Alejandro
Seller's Agent
Steve Littlefield
KELLER WILLIAMS-TREC
Buyer's Agent
Natalie Nielsen
Pathway Realty, PLLC
List Price
$240,000
Sold Price
$215,000
Premium/Discount to List
-$25,000
-10.42%
Current Estimated Value
$275,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,064
Avg. Annual Appreciation
9.16%
Original Mortgage
$211,105
Outstanding Balance
$198,145
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$90,752

Purchase Details

Closed on
Apr 6, 2015
Sold by
Busboom Cory G
Bought by
Busboom Cory G

Purchase Details

Closed on
Nov 16, 2005
Sold by
Hess Karl H and Hess Lisa J
Bought by
Busboom Cory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
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
Hernandez-Rios Alejandro $215,000 None Listed On Document
Busboom Cory G -- --
Busboom Cory $193,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez-Rios Alejandro $211,105
Previous Owner Busboom Cory G $110,000
Previous Owner Busboom Cory G $91,810
Previous Owner Busboom Cory $100,000
Previous Owner Hess Karl H $25,000
Previous Owner Hess Karl H $104,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $215,000 -10.4% $201 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
07/29/2021 07/29/21 For Sale $240,000 -- $224 / 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 $9,148 $100,840 $32,610 $68,230
2023 $9,148 $92,000 $29,750 $62,250
2022 $8,520 $84,710 $27,390 $57,320
2021 $7,875 $78,950 $25,530 $53,420
2020 $7,600 $76,650 $24,790 $51,860
2019 $7,383 $76,650 $24,790 $51,860
2018 $7,355 $77,190 $24,960 $52,230
2017 $7,609 $77,190 $24,960 $52,230
2016 $7,251 $74,220 $24,000 $50,220
2015 $7,061 $74,220 $24,000 $50,220
2014 $6,966 $71,710 $23,190 $48,520
2013 $7,027 $73,170 $23,660 $49,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11163532

Midwest Real Estate Data (MRED)

APN: 93-21-17-327-011