617 West Springfield Avenue

617 West Springfield Avenue in Champaign, IL was first built in 1903 and is 121 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. In total, the area measurement of the land is 7,971 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a detached garage. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 617 West Springfield Avenue sold most recently in Aug 30, 2022 for a total of $114,666. If you work out the math, that's approximately a cost of $93.30 per sqft. Before that, the property was also sold for $125,000 in Jul 18, 2003. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,525 in taxes each year. The initial year of tax delinquency occurred in 2021. 617 West Springfield Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $38,330. If we break it down further, the land itself was valued at $13,500. Improvements to the property, however, were assessed at a total of $24,830. 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.