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1123 Lanore Drive

1123 Lanore Drive, Urbana, IL 61802
Property in Cunningham
Sold Feb 22, 2019
$60,000
$97,188 by Illinois National Bank
Mortgage
Sold Dec 17, 2012
$31,000
1123 Lanore Drive in Urbana, IL was first built in 1971 and is 53 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. In total, the area measurement of the land is 6,098 square feet.

Learn more about the property and building on this page. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a attached 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 average. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1123 Lanore Drive sold most recently in Feb 21, 2019 for a total of $60,000. If you work out the math, that's approximately a cost of $64.86 per sqft. Before that, the property was also sold for $31,000 in Dec 11, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,348 in taxes each year. 1123 Lanore Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $18,450. If we break it down further, the land itself was valued at $5,570. Improvements to the property, however, were assessed at a total of $12,880. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 300
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 925
  • Building Area: 925
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WELLERS SCOTTSWOOD MANOR
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 99 WELLERS SCOTTSWOOD MANOR

Ownership

  • Current Owner : PRECISION REAL ESTATE & DVP LLC
  • Previous Owner : BURGIN THOMAS E
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005601

Geography

  • District: 09
  • Parcel: 92-21-16-404-025
  • Lot: 99
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1018
  • Longitude: -88.1868

    Address

  • Full Address: 1123 Lanore Dr
  • Address - House Number: 1123
  • Address - Street Name: Lanore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C024
  • 4-Digit Zip Code: 5441
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,348
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 74,019
  • High Value: 93,343
  • Low Value: 54,694

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $97,188
  • First Open Lien Mortgage Lender: ILLINOIS NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Feb 22, 2019
  • First Open Lien Mortgage Loan Amount: $97,188
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $55,350
  • Market Land Value: $16,710
  • Market Improvement Value: $38,640

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,450
  • Assessed Land Value: $5,570
  • Assessed Improvements Value: $12,880

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 21, 2019
  • Current Sale Recording Date: Feb 22, 2019
  • Current Sale Transaction ID: 11572980356
  • Current Sale Price: $60,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019R02419
  • Previous Sale Recording Date: Dec 17, 2012
  • Previous Sale Contract Date: Dec 11, 2012
  • Previous Sale Amount: $31,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ILLINOIS NATIONAL BANK
  • First Mortgage Transaction Date: Feb 22, 2019
  • First Mortgage Loan Amount: $97,188
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Urbana



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Frequently Asked Questions

What neighborhood is 1123 Lanore Drive located in?
The 1123 Lanore Drive is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 1123 Lanore Drive?
The average sales price for units in 1123 Lanore Drive is $0 currently.

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