Check Availability
$90,000 - $100,000
House - In Contract

507 Alabama Avenue

Champaign, IL 61820
bedrooms
2 Beds
bathrooms
1.5 Baths, 1 Half Bath
square feet
976 Sqft
Sold Jul 13, 2022
$52,000
$41,600 by Iroquois Federal Savings And L
Mortgage
Sold Jun 01, 2017
$45,000

About This Property

Completely remodeled 2 bedroom 1.5 bathroom home with a garage! The inside has been updated with remodeled kitchen, bathroom, new light fixtures, fresh paint job and refinished hardwood floors.  Outside, the home has been painted, new roof, new exterior doors, low maintenance vinyl windows and new gutters.  Excellent investment opportunity, currently leased for $961/month.  Get your showing scheduled today!

The manager has listed the unit size as 976 square feet.
Unit Size
976Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$102
Property Type
House
Property Taxes
$47
HOA Dues
-
Year Built
1945
Listed By
Mark Panno
KELLER WILLIAMS-TREC

Price History

Date / Event Date Event Price
Apr 20, 2024 In contract -
In contract
Apr 4, 2024 Listed $99,900
Listed
Dec 2, 2023 No longer available -
No longer available
Nov 16, 2023 Listed $99,900
Listed
Completely remodeled 2 bedroom 1.5 bathroom home with a garage! The inside has been updated with remodeled kitchen, bathroom, new light fixtures, fresh paint job and refinished hardwood floors. Outside, the home has been painted, new roof, new exterior doors, low maintenance vinyl windows and new gutters. Excellent investment opportunity, currently leased for $961/month. Get your showing scheduled today! The manager has listed the unit size as 976 square feet.
Jul 15, 2022 No longer available -
No longer available
Show More

Property Highlights

Exterior Details

Exterior Information

Aluminum Siding

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,726
  • Total Building Area: 937
  • Building Area: 937
  • 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: MORNINGSIDE ADD
  • Land Acres: 0.131
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4 BLOCK 2 MORNINGSIDE ADD

Ownership

  • Current Owner : POINT PARK PROPERTIES LLC
  • Previous Owner : JESSIE MILES
  • Owner Before Previous Owner: GALLAGHER PATRICK J
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000700

Geography

  • District: 04
  • Parcel: 41-20-01-382-014
  • Block: 2
  • Lot: 4
  • Meridian: SEC 01 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1286
  • Longitude: -88.2509

    Address

  • Full Address: 507 Alabama Ave
  • Address - House Number: 507
  • Address - Street Name: Alabama
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Champaign
  • Carrier Code: C012
  • 4-Digit Zip Code: 2514
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $569
  • Tax Rate Code Area: 4102

    Appraisal Valuation

  • Standard Deviation: 0.115
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 87
  • Final Value: 96,555
  • High Value: 107,660
  • Low Value: 85,449

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $41,600
  • First Open Lien Mortgage Lender: IROQUOIS FEDERAL SAVINGS AND L
  • First Open Lien Mortgage Recording Date: Jul 13, 2022
  • First Open Lien Mortgage Loan Amount: $41,600
  • 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: $53,190
  • Market Land Value: $6,480
  • Market Improvement Value: $46,710

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,730
  • Assessed Land Value: $2,160
  • Assessed Improvements Value: $15,570

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 13, 2022
  • Current Sale Transaction ID: 11892265100
  • Current Sale Price: $52,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12761
  • Previous Sale Recording Date: Jun 01, 2017
  • Previous Sale Contract Date: May 31, 2017
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: IROQUOIS FEDERAL SAVINGS AND L
  • First Mortgage Transaction Date: Jul 13, 2022
  • First Mortgage Loan Amount: $41,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
770 ft²
$110/ft²
$85,000 Mar 11, 2024
-
$169/mo

About Garden Park


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Nearby Rentals

Unit for rent at 57 E John Street, Champaign, IL, 61820

$1,100 /mo

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  • 1 Bath
  • 576 ft²
57 E John Street #57 E John Street, Champaign, IL, 61820 Listing by Manager
Unit for rent at 212 E White Street, Champaign, IL, 61820

$1,080 /mo

  • 1 Bed
  • 1 Bath
  • 450 ft²
212 E White Street #212 E White Street, Champaign, IL, 61820 Listing by Manager
Unit for rent at 303 E Green Street, Champaign, IL, 61820

$1,120 /mo

  • 2 Beds
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  • 546 ft²
303 E Green Street #303 E Green Street, Champaign, IL, 61820 Listing by Manager


Frequently Asked Questions

When was property at 507 Alabama Avenue built and last sold?
The property at 507 Alabama Avenue was built in 1945 and last sold on Jul 7, 2022 for $52,000.
How much is this home worth?
The estimated value of the home located at 507 Alabama Avenue is $100,899.
What are some comparable homes to 507 Alabama Avenue?
Homes that are comparable to 507 Alabama Avenue include a house property at 414 Fairview Drive, located in Champaign, IL.

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