705 South Walnut Street

705 South Walnut Street has been categorized by the local assessors in Urbana, IL as a residential type of property. The building on the property was first built in 1947 and is 77 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. The linear feet between the front and back of the lot is 990 ft and across the front of the lot is 580 ft. The area measurement of the land has been determined as 5,742 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 832 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as poor. From what we've gathered, the quality of these control joints have been graded with a letter grade of D 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. The property was last sold in Jan 7, 2021 for $85,000. That's $63.67 per sqft. Prior to that sales transaction, the property was also sold in Dec 20, 2019 for $165,000. 705 South Walnut Street was last assessed in 2022. The total value of the property was assessed at $38,790. Specifically, the land the property is located on was valued at $15,600. While improvements on the property were assessed at a total of $23,190. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,549. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.