See Home Value
Urbana 61802
501 South Cottage Grove Avenue
$87,530*
House - Off Market
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1203 Sqft
$80,000 - $90,000
Reference Base Price*
2.98%
Since Apr 1, 2022
National-US
Primary Model
Sold Mar 03, 2022
$6,000
Sold Jul 08, 2009
$88,000
$70,400 by Bankchampaign Na
Mortgage Due Jul 01, 2039

About This Property

Put your finishing touches on this 1.5 story home on a corner lot near parks and Urbana's Market at the Square. You'll immediately see the potential once you enter: a large open kitchen with some stainless appliances and convenient breakfast bar, rustic bedroom with wood accents and a wall of built-ins, spacious living room with low maintenance flooring, a large entry with shelving, and more. The main level full bathroom is highlighted by a clawfoot tub. Additional highlights: unfinished basement with washer/dryer hookups and storage, back deck overlooking fenced yard, storage shed and detached garage, and a new roof (upper roof is a lifetime rubber roof, and that the lower portion is new asphalt shingles). Property will be sold as is. Existing building supplies to stay with the home. Bring your tool belt and make this one yours!

The manager has listed the unit size as 1203 square feet.
Unit Size
1,203Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$71
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1908

Price History

Date / Event Date Event Price
Mar 3, 2022 No longer available -
No longer available
Mar 3, 2022 Sold to Dorothy Martirano, John Mar... $6,000
Sold to Dorothy Martirano, John Mar...
Jan 14, 2022 In contract -
In contract
Nov 19, 2021 Price Decreased $85,000
↓ $8K (8.1%)
Price Decreased
Aug 31, 2021 Price Increased $92,500
↑ $3K (3.5%)
Price Increased
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Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • 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
  • Garage Type: Detached
  • Garage Square Area: 504
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,750
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 500
  • Total Building Area: 879
  • Building Area: 879
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHNSONS, TEDDY G., ADD
  • Land Acres: 0.109
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 1 BLOCK 5 JOHNSONS, TEDDY G., ADD

Ownership

  • Current Owner : MARTIRANO JOHN
  • Current Owner 2: MARTIRANO DOROTHY
  • Previous Owner : RYAN RACHEL M
  • Previous Owner 2: RYAN MICHAEL
  • Owner Before Previous Owner: SILVERMAN ROBERT S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005500

Geography

  • District: 09
  • Parcel: 92-21-16-155-008
  • Block: 5
  • Lot: 1
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1092
  • Longitude: -88.196

    Address

  • Full Address: 501 S Cottage Grove Ave
  • Address - House Number: 501
  • Street Direction: S
  • Address - Street Name: Cottage Grove
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Urbana
  • Carrier Code: C024
  • 4-Digit Zip Code: 4422
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,984
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 66,693
  • High Value: 84,104
  • Low Value: 49,281

    Market Valuation

  • Market Total Value: $72,990
  • Market Land Value: $23,400
  • Market Improvement Value: $49,590

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,330
  • Assessed Land Value: $7,800
  • Assessed Improvements Value: $16,530

    Sales

  • Current Sale Contract Date: Feb 24, 2022
  • Current Sale Recording Date: Mar 03, 2022
  • Current Sale Transaction ID: 11881110943
  • Current Sale Price: $6,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4019
  • Previous Sale Recording Date: Jul 08, 2009
  • Previous Sale Contract Date: Jun 29, 2009
  • Previous Sale Amount: $88,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANKCHAMPAIGN NA
  • Previous Mortgage Transaction Date: Jul 08, 2009
  • Previous Mortgage Loan Amount: $70,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2039



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Urbana


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Frequently Asked Questions

When was property at 501 South Cottage Grove Avenue built and last sold?
The property at 501 South Cottage Grove Avenue was built in 1908 and last sold on Feb 24, 2022 for $6,000.
How much is this home worth?
The estimated value of the home located at 501 South Cottage Grove Avenue is $92,852.
What are some comparable homes to 501 South Cottage Grove Avenue?
There are currently no comparable homes to 501 South Cottage Grove Avenue.

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