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1303 Laurel Drive

1303 Laurel Drive, Urbana, IL 61801
Property in Cunningham
Sold Mar 24, 2021
$475,000
$105,602 by First Neighbor Bank National A
Mortgage
Sold Jul 30, 2010
$370,000
$295,000 by Busey Bank
Mortgage
1303 Laurel Drive has been categorized by the local assessors in Urbana, IL as a residential type of property. The building on the property was first built in 1953 and is 71 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. The area measurement of the land has been determined as 9,533 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as poor. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of materials that we aren't sure of. The exterior walls of the building are made of stucco. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing a central heating system. 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, 1303 Laurel Drive was last sold in Mar 19, 2021 for $475,000. According to our calculations, that's $635.88 per sqft. Prior to that sales transaction, the property was sold for $370,000 in Jul 29, 2010. Current property owners are expected to pay $1,789 in taxes per year. The property on 1303 Laurel Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $16,530. To break that down further, the land itself was valued at $9,930. While improvements to the property were assessed at a total of $6,600. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Poor
  • 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,533
  • Total Building Area: 747
  • Building Area: 747
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FAIRLAWN PARK 5TH ADD
  • Land Acres: 0.219
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 43 FAIRLAWN PARK 5TH ADD

Ownership

  • Current Owner : LAUREL RENTALS LLC
  • Previous Owner : THE THOMAS E BURGIN II TRUST
  • Owner Before Previous Owner: ARMSTRONG MANAGEMENT OF CHAMPAIGN LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Bank Owned
  • Vacant Flag Date: Feb 26, 2024

Neighborhood

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

Geography

  • District: 09
  • Parcel: 92-21-16-378-015
  • Lot: 43
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.101
  • Longitude: -88.1927

    Address

  • Full Address: 1303 Laurel Dr
  • Address - House Number: 1303
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C027
  • 4-Digit Zip Code: 5355
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,789
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 74,632
  • High Value: 90,096
  • Low Value: 59,168

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $105,602
  • First Open Lien Mortgage Lender: FIRST NEIGHBOR BANK NATIONAL A
  • First Open Lien Mortgage Recording Date: Mar 09, 2023
  • First Open Lien Mortgage Loan Amount: $105,602
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $49,590
  • Market Land Value: $29,790
  • Market Improvement Value: $19,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,530
  • Assessed Land Value: $9,930
  • Assessed Improvements Value: $6,600

    Sales

  • Current Sale Contract Date: Mar 19, 2021
  • Current Sale Recording Date: Mar 24, 2021
  • Current Sale Transaction ID: 11827362853
  • Current Sale Price: $475,000
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 2021R06767
  • Previous Sale Recording Date: Jul 30, 2010
  • Previous Sale Contract Date: Jul 29, 2010
  • Previous Sale Amount: $370,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NEIGHBOR BANK NA
  • First Mortgage Transaction Date: Mar 24, 2021
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 65
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Sep 15, 2026

    Previous Mortgages

  • Previous Mortgage Lender: BUSEY BANK
  • Previous Mortgage Transaction Date: Jul 30, 2010
  • Previous Mortgage Loan Amount: $295,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Urbana



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Frequently Asked Questions

What neighborhood is 1303 Laurel Drive located in?
The 1303 Laurel Drive is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 1303 Laurel Drive?
The average sales price for units in 1303 Laurel Drive is $0 currently.

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