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2008 South Race Street

2008 South Race Street, Urbana, IL 61801
Property in Cunningham
Sold Mar 01, 2006
$230,000
$175,000 by Jpmorgan Chase Bank
Mortgage Due Dec 01, 2036
2008 South Race Street 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 1949 and is 75 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. The linear feet between the front and back of the lot is 1,050 ft and across the front of the lot is 920 ft. The area measurement of the land has been determined as 9,660 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 460 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. 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. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 2008 South Race Street sold most recently in Feb 24, 2006 for a total of $230,000. If you work out the math, that's approximately a cost of $137.56 per sqft. 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 $7,921 in taxes each year. 2008 South Race Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $79,110. If we break it down further, the land itself was valued at $22,230. Improvements to the property, however, were assessed at a total of $56,880. 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. 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.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: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Detached
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,660
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 920
  • Total Building Area: 1,672
  • Building Area: 1,672
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY DOWNS
  • Land Acres: 0.222
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 6 UNIVERSITY DOWNS

Ownership

  • Current Owner : WOOD GILLEN D
  • Current Owner 2: CASTRO NANCY E
  • Previous Owner : KWAST KURT E
  • Previous Owner 2: KWAST JOANNE F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005701

Geography

  • District: 09
  • Parcel: 93-21-20-252-004
  • Lot: 6
  • Meridian: SEC 20 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.0932
  • Longitude: -88.2092

    Address

  • Full Address: 2008 S Race St
  • Address - House Number: 2008
  • Street Direction: S
  • Address - Street Name: Race
  • Address - Suffix Type: St
  • State: IL
  • City Name: Urbana
  • Carrier Code: C019
  • 4-Digit Zip Code: 6105
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,921
  • Tax Rate Code Area: 9303

    Appraisal Valuation

  • Standard Deviation: 0.2045
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 305,221
  • High Value: 367,663
  • Low Value: 242,779

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK
  • First Open Lien Mortgage Recording Date: Mar 01, 2022
  • First Open Lien Mortgage Loan Amount: $175,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2036

    Market Valuation

  • Market Total Value: $237,330
  • Market Land Value: $66,690
  • Market Improvement Value: $170,640

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,110
  • Assessed Land Value: $22,230
  • Assessed Improvements Value: $56,880

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 24, 2006
  • Current Sale Recording Date: Mar 01, 2006
  • Current Sale Transaction ID: 1143368476
  • Current Sale Price: $230,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2006R04879

    Last Sale Mortgage

  • First Mortgage Lender: BUSEY BANK
  • First Mortgage Transaction Date: Mar 01, 2006
  • First Mortgage Loan Amount: $183,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Mar 01, 2036
  • Second Mortgage Lender: BUSEY BANK
  • Second Mortgage Transaction Date: Mar 01, 2006
  • Second Mortgage Loan Amount: $18,680
  • Second Mortgage Terms: 60
  • Second Mortgage Loan Type: Stand Alone Second
  • Second Mortgage Loan Due Date: Mar 01, 2011

About Urbana



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Frequently Asked Questions

What neighborhood is 2008 South Race Street located in?
The 2008 South Race Street is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 2008 South Race Street?
The average sales price for units in 2008 South Race Street is $0 currently.

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