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514 South Willis Avenue

514 South Willis Avenue, Champaign, IL 61821
Sold May 27, 2015
$222,000
$177,600 by Marine Bank Springfield
Mortgage Due Jun 01, 2045
514 South Willis Avenue has been categorized by the local assessors in Champaign, IL as a residential type of property. The building on the property was first built in 1933 and is 91 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. The area measurement of the land has been determined as 6,950 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 324 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of materials that we aren't sure of. The exterior walls of the building are made of brick veneer. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 514 South Willis Avenue was last sold in Apr 24, 2015 for $222,000. According to our calculations, that's $199.64 per sqft. Current property owners are expected to pay $7,473 in taxes per year. The property on 514 South Willis Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $81,270. To break that down further, the land itself was valued at $14,650. While improvements to the property were assessed at a total of $66,620. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 324
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,950
  • Total Building Area: 1,112
  • Building Area: 1,112
  • 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: Residential (general) (single)
  • Legal Description 1: LOT 56 CLARKS, L.B., 2ND ADD

Ownership

  • Current Owner : STRAUSS ROBERT M
  • Current Owner 2: STRAUSS BARBARA L
  • Previous Owner : WHITE DAVID S
  • 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: 43-20-14-232-006
  • Lot: 56
  • Meridian: SEC 14 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1105
  • Longitude: -88.2599

    Address

  • Full Address: 514 S Willis Ave
  • Address - House Number: 514
  • Street Direction: S
  • Address - Street Name: Willis
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Champaign
  • Carrier Code: C022
  • 4-Digit Zip Code: 3918
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,473
  • Tax Rate Code Area: 4302

    Appraisal Valuation

  • Standard Deviation: 0.2047
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 324,187
  • High Value: 390,571
  • Low Value: 257,804

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $177,600
  • First Open Lien Mortgage Lender: MARINE BANK SPRINGFIELD
  • First Open Lien Mortgage Recording Date: May 27, 2015
  • First Open Lien Mortgage Loan Amount: $177,600
  • 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: Jun 01, 2045

    Market Valuation

  • Market Total Value: $243,810
  • Market Land Value: $43,950
  • Market Improvement Value: $199,860

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,270
  • Assessed Land Value: $14,650
  • Assessed Improvements Value: $66,620

    Sales

  • Current Sale Contract Date: Apr 24, 2015
  • Current Sale Recording Date: May 27, 2015
  • Current Sale Transaction ID: 1273405905
  • Current Sale Price: $222,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2015R09006

    Last Sale Mortgage

  • First Mortgage Lender: MARINE BANK SPRINGFIELD
  • First Mortgage Transaction Date: May 27, 2015
  • First Mortgage Loan Amount: $177,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2045

About Clark



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Frequently Asked Questions

What neighborhood is 514 South Willis Avenue located in?
The 514 South Willis Avenue is a located in the neighborhood of Willis Street South in Clark, Champaign.
What is the average sales price for listings in 514 South Willis Avenue?
The average sales price for units in 514 South Willis Avenue is $0 currently.

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