Sold Aug 04, 2020
$160,000
Buyer
Seller
$120,000
by Flat Branch Home Loans Inc
Mortgage Due Aug 01, 2035
Sold Oct 16, 2013
$130,000
Seller
$109,500
by Heartland Bank & Trust Co
Mortgage Due Oct 15, 2018
Local assessors in Urbana, IL have categorized 505 South Coler Avenue as a residential type of property.
The home was built in 1913 and is 111 years old.
The property's lot size has been calculated to be 3,015 square feet.
The linear feet between the front and back of the lot was measured at 670 ft and the front of the lot was measured at 450 ft.
As for the restroom situation, there is one full bathroom.
There is also a partial bathroom.
This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis.
Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 324 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of materials that we aren't sure of. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 505 South Coler Avenue sold most recently in Jul 25, 2020 for a total of $160,000. If you work out the math, that's approximately a cost of $209.15 per sqft. Before that, the property was also sold for $130,000 in Sep 28, 2013. 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 $6,490 in taxes each year. 505 South Coler Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $59,960. If we break it down further, the land itself was valued at $10,590. Improvements to the property, however, were assessed at a total of $49,370. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.
Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 324 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of materials that we aren't sure of. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 505 South Coler Avenue sold most recently in Jul 25, 2020 for a total of $160,000. If you work out the math, that's approximately a cost of $209.15 per sqft. Before that, the property was also sold for $130,000 in Sep 28, 2013. 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 $6,490 in taxes each year. 505 South Coler Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $59,960. If we break it down further, the land itself was valued at $10,590. Improvements to the property, however, were assessed at a total of $49,370. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.