Check Availability
Champaign 61821 Clark
503 S Prospect Avenue
$233,000 - $283,000
House - In Contract

503 S Prospect Avenue

Champaign, IL 61820
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1748 Sqft
Sold Aug 10, 2020
$195,000
$185,250 by Busey Bank
Mortgage Due Sep 01, 2050
Sold Jul 09, 2018
$185,000
$175,750 by First Financial Bank Na
Mortgage Due Aug 01, 2048

About This Property

This adorable brick bungalow has so much to offer is ready and waiting for a new owner!  Enter through an arched doorway to a sun filled living room  with stunning hardwood floors. There's a 1st floor office with knotty pine walls and tons of character.  The spacious kitchen boasts stainless steel appliances and ample cabinet storage.  2 first floor bedrooms share a common bath. The second level has a large bedroom, full bath and plenty of storage.  The basement "mancave" is complete with bar area, fireplace and third full bath.  There's an enclosed porch off the back of home and a tidy backyard with extensive raised garden system.  Extra wide drive for additional parking. This home is conveniently located near bus line, downtown Champaign, dining, shopping and the University of Illinois.  This one packs a lot of punch for the $$$. Don't miss out on this little gem!

The manager has listed the unit size as 1748 square feet.
Unit Size
1,748Ft²
Days on Market
-
Land Size
-
Price per sqft
$148
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1943
Listed By

Price History

Date / Event Date Event Price
Apr 4, 2024 In contract -
In contract
Apr 1, 2024 Listed $258,000
Listed
Oct 6, 2021 No longer available -
No longer available
Jun 28, 2020 In contract -
In contract
Jun 24, 2020 Listed $197,500
Listed
Charming 3 bedroom 3 bathroom bungalow with a full master suite on the third floor and finished basement space with a bar and full bathroom. Walking distance to downtown Champaign. A gardener's paradise in the backyard. The manager has listed the unit size as 1949 square feet.

Property Highlights

Fireplace
Air Conditioning
Interior Details

Fireplace Information

Fireplace
Exterior Details

Exterior Information

Brick

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,948
  • Total Building Area: 1,208
  • Building Area: 1,208
  • 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: CLARKS, L.B., 2ND ADD
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 12 CLARKS, L.B., 2ND ADD

Ownership

  • Current Owner : BUTLER JORDAN A
  • Current Owner 2: HANNA JILLIAN C
  • Previous Owner : WILLITS JON ANTHONY
  • Previous Owner 2: MONTAG JESSICA LENA
  • Owner Before Previous Owner: SMITH JONATHAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001100

Geography

  • District: 04
  • Parcel: 43-20-14-233-010
  • Lot: 12
  • Meridian: SEC 14 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1114
  • Longitude: -88.2581

    Address

  • Full Address: 503 S Prospect Ave
  • Address - House Number: 503
  • Street Direction: S
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Champaign
  • Carrier Code: C058
  • 4-Digit Zip Code: 5043
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,423
  • Tax Rate Code Area: 4302

    Appraisal Valuation

  • Standard Deviation: 0.2108
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 71
  • Final Value: 253,515
  • High Value: 306,974
  • Low Value: 200,055

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $185,250
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: Jun 10, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $185,250
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $194,910
  • Market Land Value: $32,010
  • Market Improvement Value: $162,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,970
  • Assessed Land Value: $10,670
  • Assessed Improvements Value: $54,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 07, 2020
  • Current Sale Recording Date: Aug 10, 2020
  • Current Sale Transaction ID: 11779178857
  • Current Sale Price: $195,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R15641
  • Previous Sale Recording Date: Jul 09, 2018
  • Previous Sale Contract Date: Jul 06, 2018
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FINANCIAL BANK NA
  • Previous Mortgage Transaction Date: Jul 09, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $175,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2048

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,595 ft²
$169/ft²
$269,900 Nov 20, 2023
-
$435/mo
House
3 Beds
1.5 Baths
1,523 ft²
$164/ft²
$249,900 Feb 16, 2024
-
$529/mo
House
3 Beds
1 Bath
1,117 ft²
$188/ft²
$209,900 Mar 22, 2024
-
$313/mo
House
4 Beds
2 Baths
1,652 ft²
$136/ft²
$224,900 Mar 21, 2024
-
$415/mo
House
2 Beds
2 Baths
1,101 ft²
$230/ft²
$252,900 Mar 22, 2024
-
$369/mo

About Clark


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Frequently Asked Questions

When was property at 503 South Prospect Avenue built and last sold?
The property at 503 South Prospect Avenue was built in 1943 and last sold on Aug 7, 2020 for $195,000.
How much is this home worth?
The estimated value of the home located at 503 South Prospect Avenue is $264,631.
What are some comparable homes to 503 South Prospect Avenue?
Homes that are comparable to 503 South Prospect Avenue include a house property at 1209 West Daniel Street, 607 West Union Street, 703 West Healey Street.

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