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1304 Laurel Drive

1304 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
1304 Laurel Drive in Urbana, IL was first built in 1952 and is 72 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 6,573 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of materials that we aren't sure of. 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. As for heating, the home is utilizing a central heating system. The property was last sold in Mar 19, 2021 for $475,000. That's $635.88 per sqft. Prior to that sales transaction, the property was also sold in Jul 29, 2010 for $370,000. 1304 Laurel Drive was last assessed in 2022. The total value of the property was assessed at $16,530. Specifically, the land the property is located on was valued at $9,930. While improvements on the property were assessed at a total of $6,600. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,789. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 6,573
  • 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: 0.151
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 26 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: 92-21-16-377-007
  • Lot: 26
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1012
  • Longitude: -88.1922

    Address

  • Full Address: 1304 Laurel Dr
  • Address - House Number: 1304
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C027
  • 4-Digit Zip Code: 5356
  • 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: 74,633
  • High Value: 90,097
  • Low Value: 59,169

    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: 11827362849
  • 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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Nearby Rentals

Unit for rent at 808 W Iowa Street, Urbana, IL, 61801

$2,100 /mo

  • 4 Beds
  • 1.5 Baths
  • 1,726 ft²
808 W Iowa Street, Urbana, IL, 61801 Listing by Kimberly Krisman-Clark

Frequently Asked Questions

What neighborhood is 1304 Laurel Drive located in?
The 1304 Laurel Drive is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 1304 Laurel Drive?
The average sales price for units in 1304 Laurel Drive is $0 currently.

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