Check Availability

407 Villa Lane

407 Villa Lane, Urbana, IL 61801
Property in Cunningham
Sold Dec 20, 2021
$130,000
$3,000,000 by Marine Bank
Mortgage
Sold Mar 18, 2016
$105,000
This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. In total, the area measurement of the land is 1,831 square feet.

Learn more about the property and building on this page. The property was last sold in Dec 14, 2021 for $130,000. Prior to that sales transaction, the property was also sold in Mar 10, 2016 for $105,000. 407 Villa Lane was last assessed in 2022. The total value of the property was assessed at $39,570. Specifically, the land the property is located on was valued at $9,720. While improvements on the property were assessed at a total of $29,850. 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 $4,283. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

  • Bedroom Count: 0
  • Building Style: Condo
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,831
  • 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: Residential
  • Subdivision: COMMONS FAIRLAWN VILLAGE CONDO EXHIBIT B
  • Land Acres: 0.042
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT PT COMMONS FAIRLAWN VILLAGE CONDO EXHIBIT B

Ownership

  • Current Owner : FAIRLAWN VILLAGE DEVELOPMENT LLC
  • Previous Owner : WU TONG
  • Owner Before Previous Owner: RASMUSSEN CARI A
  • Owner Before Previous Owner 2: RASMUSSEN PAUL G
  • 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: 93-21-17-428-142
  • Lot: 120
  • Meridian: SEC 17 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1044
  • Longitude: -88.2036

    Address

  • Full Address: 407 Villa Ln
  • Address - House Number: 407
  • Address - Street Name: Villa
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Urbana
  • Carrier Code: C022
  • 4-Digit Zip Code: 5086
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,283
  • Tax Rate Code Area: 9303

    Appraisal Valuation

  • Standard Deviation: 0.2131
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 193,015
  • High Value: 234,149
  • Low Value: 151,881

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: MARINE BANK
  • First Open Lien Mortgage Recording Date: Aug 02, 2022
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • 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: $118,710
  • Market Land Value: $29,160
  • Market Improvement Value: $89,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,570
  • Assessed Land Value: $9,720
  • Assessed Improvements Value: $29,850

    Sales

  • Current Sale Contract Date: Dec 14, 2021
  • Current Sale Recording Date: Dec 20, 2021
  • Current Sale Transaction ID: 11875419071
  • Current Sale Price: $130,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R29472
  • Previous Sale Recording Date: Mar 18, 2016
  • Previous Sale Contract Date: Mar 10, 2016
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MARINE BANK SPRINGFIELD
  • First Mortgage Transaction Date: Dec 20, 2021
  • First Mortgage Loan Amount: $130,000
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Urbana



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 704 East Main Street, Urbana, IL, 61802

$865 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
704 East Main Street #704 East Main Street - 1, Urbana, IL, 61802 Listing by Manager
Unit for rent at 402 S. Race St, Urbana, IL, 61801

$950 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
402 S. Race St #402 S. Race St, Urbana, IL, 61801 Listing by Manager
Unit for rent at 507 E Clark, Champaign, IL, 61820

$985 /mo

  • 1 Bed
  • 1 Bath
  • 380 ft²
507 E Clark #507 E Clark, Champaign, IL, 61820 Listing by Manager
Unit for rent at 601 E Clark, Champaign, IL, 61820

$950 /mo

  • 1 Bed
  • 1 Bath
  • 392 ft²
601 E Clark #601 E Clark, Champaign, IL, 61820 Listing by Manager
Unit for rent at 512 E Clark, Champaign, IL, 61820

$985 /mo

  • 1 Bed
  • 1 Bath
  • 380 ft²
512 E Clark #512 E Clark, Champaign, IL, 61820 Listing by Manager
Unit for rent at 504 E Clark, Champaign, IL, 61820

$945 /mo

  • Studio
  • 1 Bath
  • 380 ft²
504 E Clark #504 E Clark, Champaign, IL, 61820 Listing by Manager
Unit for rent at 813 W Springfield, Urbana, IL, 61801

$980 /mo

  • 2 Beds
  • 1 Bath
  • 600 ft²
813 W Springfield #813 W Springfield, Urbana, IL, 61801 Listing by Manager

Frequently Asked Questions

What neighborhood is 407 Villa Lane located in?
The 407 Villa Lane is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 407 Villa Lane?
The average sales price for units in 407 Villa Lane is $0 currently.

Quantcast