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302 West Michigan Avenue

302 West Michigan Avenue, Urbana, IL 61801
Property in Cunningham
Sold Jul 23, 2010
$345,000
$275,920 by Busey Bank
Mortgage Due Aug 01, 2040
Sold Jul 06, 2005
$394,500
$214,500 by Heartland Bank & Trust Co
Mortgage Due Jul 01, 2035
302 West Michigan Avenue in Urbana, IL was first built in 1923 and is 101 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. The linear feet across the front of the lot is 600 ft and the linear feet between the front and back of the lot is 1,010. In total, the area measurement of the land is 6,060 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. For those who need parking, there is a detached garage. The garage is 576 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as excellent. 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. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 302 West Michigan Avenue sold most recently in Jul 8, 2010 for a total of $345,000. If you work out the math, that's approximately a cost of $246.25 per sqft. Before that, the property was also sold for $394,500 in Jul 1, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $13,527 in taxes each year. 302 West Michigan Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $130,970. If we break it down further, the land itself was valued at $25,780. Improvements to the property, however, were assessed at a total of $105,190. 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: 1923
  • Effective Year Built: 1923
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Excellent
  • Building Quality: B
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,060
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,401
  • Building Area: 1,401
  • 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: VAN DORENS ADD AND CARLE PARK
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 19 BLOCK 5 VAN DORENS ADD AND CARLE PARK

Ownership

  • Current Owner : WINSHIP VERITY E
  • Current Owner 2: LA NAVE GABRIELE
  • Previous Owner : CUMMINS ROBERT C
  • Previous Owner 2: CUMMINS DENISE D
  • Owner Before Previous Owner: BRUECKNER JAN K
  • Owner Before Previous Owner 2: BRUECKNER LAURA T
  • 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: 005800

Geography

  • District: 09
  • Parcel: 93-21-17-332-014
  • Block: 5
  • Lot: 19
  • Meridian: SEC 17 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1022
  • Longitude: -88.211

    Address

  • Full Address: 302 W Michigan Ave
  • Address - House Number: 302
  • Street Direction: W
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Urbana
  • Carrier Code: C007
  • 4-Digit Zip Code: 4946
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,527
  • Tax Rate Code Area: 9303

    Appraisal Valuation

  • Standard Deviation: 0.2017
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 490,734
  • High Value: 589,725
  • Low Value: 391,744

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $275,920
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: Jul 23, 2010
  • First Open Lien Mortgage Loan Amount: $275,920
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2040

    Market Valuation

  • Market Total Value: $392,910
  • Market Land Value: $77,340
  • Market Improvement Value: $315,570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $130,970
  • Assessed Land Value: $25,780
  • Assessed Improvements Value: $105,190

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 08, 2010
  • Current Sale Recording Date: Jul 23, 2010
  • Current Sale Transaction ID: 1072705951
  • Current Sale Price: $345,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2010R15761
  • Previous Sale Recording Date: Jul 06, 2005
  • Previous Sale Contract Date: Jul 01, 2005
  • Previous Sale Amount: $394,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BUSEY BANK
  • First Mortgage Transaction Date: Jul 23, 2010
  • First Mortgage Loan Amount: $275,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: HEARTLAND BANK & TRUST CO
  • Previous Mortgage Transaction Date: Jul 06, 2005
  • Previous Mortgage Loan Amount: $214,500
  • Previous Mortgage Term: 360
  • Previous 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.)
  • Previous Mortgage Loan Due Date: Jul 01, 2035

About Urbana



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Frequently Asked Questions

What neighborhood is 302 West Michigan Avenue located in?
The 302 West Michigan Avenue is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 302 West Michigan Avenue?
The average sales price for units in 302 West Michigan Avenue is $0 currently.

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