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1611 Ivanhoe Way

1611 Ivanhoe Way, Urbana, IL 61802
Property in Cunningham
Sold Sep 22, 2020
$110,000
$200,000 by Iroquois Federal Savings And L
Mortgage Due Nov 15, 2041
Sold Oct 16, 2017
$45,000
$40,000 by Marine Bank Springfield
Mortgage
Local assessors in Urbana, IL have categorized 1611 Ivanhoe Way as a residential type of property. The home was built in 1981 and is 43 years old. The property's lot size has been calculated to be 8,024 square feet. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of materials that we aren't sure of. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 1611 Ivanhoe Way sold most recently in Sep 14, 2020 for a total of $110,000. If you work out the math, that's approximately a cost of $117.52 per sqft. Before that, the property was also sold for $45,000 in Oct 7, 2016. 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 $1,565 in taxes each year. 1611 Ivanhoe Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $14,460. If we break it down further, the land itself was valued at $11,120. Improvements to the property, however, were assessed at a total of $3,340. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1981
  • Effective Year Built: 1981
  • 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: Wood
  • Basement Area: 0
  • Parking Type: Built-in
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,024
  • Total Building Area: 936
  • Building Area: 936
  • 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: 0.184
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 40 WELLERS SCOTTSWOOD MANOR AND LOT 56 WABASH RAILROAD

Ownership

  • Current Owner : RENTALS LLC AUSTIN
  • Previous Owner : BURGIN THOMAS E
  • Previous Owner 2: THE THOMAS E BURGIN II TRUST
  • Owner Before Previous Owner: CROSSLEY HOSEA H
  • Owner Before Previous Owner 2: CROSSLEY TAMARA M
  • 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: 005601

Geography

  • District: 09
  • Parcel: 92-21-16-454-020
  • Lot: 40,56
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1017
  • Longitude: -88.1883

    Address

  • Full Address: 1611 Ivanhoe Way
  • Address - House Number: 1611
  • Address - Street Name: Ivanhoe
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Urbana
  • Carrier Code: C024
  • 4-Digit Zip Code: 5431
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,565
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 92,065
  • High Value: 116,100
  • Low Value: 68,029

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: IROQUOIS FEDERAL SAVINGS AND L
  • First Open Lien Mortgage Recording Date: Feb 23, 2022
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 15, 2041

    Market Valuation

  • Market Total Value: $43,380
  • Market Land Value: $33,360
  • Market Improvement Value: $10,020

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,460
  • Assessed Land Value: $11,120
  • Assessed Improvements Value: $3,340

    Sales

  • Current Sale Contract Date: Sep 14, 2020
  • Current Sale Recording Date: Sep 22, 2020
  • Current Sale Transaction ID: 11788722194
  • Current Sale Price: $110,000
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 2020R19322
  • Previous Sale Recording Date: Oct 16, 2017
  • Previous Sale Contract Date: Oct 07, 2016
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: IROQUOIS FSLA
  • First Mortgage Transaction Date: Sep 22, 2020
  • First Mortgage Loan Amount: $244,800
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: MARINE BANK SPRINGFIELD
  • Previous Mortgage Transaction Date: Oct 16, 2017
  • Previous Mortgage Loan Amount: $40,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Urbana



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Frequently Asked Questions

What neighborhood is 1611 Ivanhoe Way located in?
The 1611 Ivanhoe Way is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 1611 Ivanhoe Way?
The average sales price for units in 1611 Ivanhoe Way is $0 currently.

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