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1103 South Busey Avenue

1103 South Busey Avenue, Urbana, IL 61801
Commercial in Cunningham
1103 South Busey Avenue in Urbana, IL was first built in 1947 and is 77 years old. This has been categorized as a commercial property type. There are a total of 2 floors. The linear feet across the front of the lot is 520 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 5,200 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a garage. The garage is 300 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as poor. The exterior walls of the home are made of stucco. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1103 South Busey Avenue was last sold in May 14, 2010 for $439,000. According to our calculations, that's $244.84 per sqft. Prior to that sales transaction, the property was sold for $917,500 in Apr 12, 2005. Current property owners are expected to pay $14,203 in taxes per year. The property on 1103 South Busey Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $131,220. To break that down further, the land itself was valued at $33,860. While improvements to the property were assessed at a total of $97,360. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200312
03/12/2020
Loft
-
-
$399,000
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: C
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Garage
  • Garage Square Area: 300
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 520
  • Total Building Area: 1,793
  • Building Area: 1,793
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: ASSESSORS SUB
  • Land Acres: 0.119
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: LOTS PT 10, PT 11 ASSESSORS PLAT NW 1/4 SW 1/4 SEC. 17-19-9, ASSESSORS SUB OF LT E

Ownership

  • Current Owner : FOUR JD GUYS LLC
  • Previous Owner : BRASHEAR DEREK R
  • Previous Owner 2: BRASHEAR MELISSA HILL
  • Owner Before Previous Owner: OMO OSAGIE GABRIEL
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005901

Geography

  • District: 09
  • Parcel: 93-21-17-303-007
  • Lot: 11
  • Meridian: SEC 17 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1034
  • Longitude: -88.218

    Address

  • Full Address: 1103 S Busey Ave
  • Address - House Number: 1103
  • Street Direction: S
  • Address - Street Name: Busey
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Urbana
  • Carrier Code: C047
  • 4-Digit Zip Code: 4830
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,203
  • Tax Rate Code Area: 9303

    Market Valuation

  • Market Total Value: $393,660
  • Market Land Value: $101,580
  • Market Improvement Value: $292,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $131,220
  • Assessed Land Value: $33,860
  • Assessed Improvements Value: $97,360

    Sales

  • Current Sale Contract Date: May 14, 2010
  • Current Sale Recording Date: May 17, 2010
  • Current Sale Transaction ID: 1176034247
  • Current Sale Price: $439,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2010R09675
  • Previous Sale Recording Date: Apr 13, 2005
  • Previous Sale Contract Date: Apr 12, 2005
  • Previous Sale Amount: $917,500
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST MID ILLINOIS BANK & TRUS
  • Previous Mortgage Transaction Date: Apr 13, 2005
  • Previous Mortgage Financing Type: Multiple Loan Amounts
  • Previous Mortgage Loan Type: Commercial

About Urbana



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Frequently Asked Questions

What neighborhood is 1103 South Busey Avenue located in?
The 1103 South Busey Avenue is a commercial located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 1103 South Busey Avenue?
The average sales price for units in 1103 South Busey Avenue is $0 currently.

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