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2007 North Federal Drive

2007 North Federal Drive, Urbana, IL 61801
Property in Cunningham
This has been categorized as a industrial property type. In total, the area measurement of the land is 187,743 square feet.

Learn more about the property and building on this page. 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, 2007 North Federal Drive sold most recently in Sep 1, 2021 for a total of $3,100,000. Before that, the property was also sold for $1,550,000 in Jan 25, 2011. 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 $47,746 in taxes each year. 2007 North Federal Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $441,070. If we break it down further, the land itself was valued at $37,530. Improvements to the property, however, were assessed at a total of $403,540. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 187,743
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Industrial
  • Subdivision: PARK 74 INDUSTRIAL DEVELOPMENT
  • Land Acres: 4.309
  • Standard Land Use Code: Industrial (general)
  • Legal Description 1: LOT 5 PARK 74 INDUSTRIAL DEVELOPMENT

Ownership

  • Current Owner : MD5 URBANA LLC
  • Previous Owner : GARDNER WILLIAM M
  • Owner Before Previous Owner: BATES CAROL E
  • Owner Before Previous Owner 2: BATES RONALD F
  • 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: 005300

Geography

  • District: 09
  • Parcel: 91-21-06-401-005
  • Lot: 5
  • Meridian: SEC 06 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1334
  • Longitude: -88.2271

    Address

  • Full Address: 2007 N Federal Dr
  • Address - House Number: 2007
  • Street Direction: N
  • Address - Street Name: Federal
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Urbana
  • Carrier Code: C028
  • 4-Digit Zip Code: 1052
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $47,746
  • Tax Rate Code Area: 9103

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $184,000
  • First Open Lien Mortgage Lender: CEDAR RAPIDS BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Loan Amount: $184,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $1,323,210
  • Market Land Value: $112,590
  • Market Improvement Value: $1,210,620

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $441,070
  • Assessed Land Value: $37,530
  • Assessed Improvements Value: $403,540

    Sales

  • Current Sale Contract Date: Sep 01, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Transaction ID: 11859511127
  • Current Sale Price: $3,100,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2021R23782
  • Previous Sale Recording Date: Feb 07, 2011
  • Previous Sale Contract Date: Jan 25, 2011
  • Previous Sale Amount: $1,550,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CEDAR RAPIDS BANK & TRUST CO
  • First Mortgage Transaction Date: Oct 05, 2021
  • First Mortgage Loan Amount: $184,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Urbana



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Frequently Asked Questions

What neighborhood is 2007 North Federal Drive located in?
The 2007 North Federal Drive is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 2007 North Federal Drive?
The average sales price for units in 2007 North Federal Drive is $0 currently.

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