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903 West Nevada Street

903 West Nevada Street, Urbana, IL 61801
Property in Cunningham
903 West Nevada Street has been categorized by the local assessors in Urbana, IL as a commercial type of property. The area measurement of the land has been determined as 7,371 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 903 West Nevada Street sold most recently in Aug 23, 2012 for a total of $2,100,000. 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 $40,303 in taxes each year. 903 West Nevada Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $372,350. If we break it down further, the land itself was valued at $63,860. Improvements to the property, however, were assessed at a total of $308,490. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Living Units: 1
  • Business/Commerical Units Count: 15
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,371
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: FORESTRY HEIGHTS ADD
  • Land Acres: 0.169
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: LOT PT 37 FORESTRY HEIGHTS ADD

Ownership

  • Current Owner : COLLEGE CITY APARTMENTS LLC 903 W NEVADA
  • Previous Owner : MID ILLINOIS REALTY GROUP IV LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005901

Geography

  • District: 09
  • Parcel: 93-21-18-281-006
  • Lot: 37
  • Meridian: SEC 18 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1057
  • Longitude: -88.2197

    Address

  • Full Address: 903 W Nevada St
  • Address - House Number: 903
  • Street Direction: W
  • Address - Street Name: Nevada
  • Address - Suffix Type: St
  • State: IL
  • City Name: Urbana
  • Carrier Code: C004
  • 4-Digit Zip Code: 3843
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $40,303
  • Tax Rate Code Area: 9303

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 905,001
  • High Value: 1,271,531
  • Low Value: 538,470

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: FIRST MID BANK & TRUST NA
  • First Open Lien Mortgage Recording Date: Aug 16, 2021
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Jul 23, 2026

    Market Valuation

  • Market Total Value: $1,117,050
  • Market Land Value: $191,580
  • Market Improvement Value: $925,470

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $372,350
  • Assessed Land Value: $63,860
  • Assessed Improvements Value: $308,490

    Sales

  • Current Sale Contract Date: Aug 23, 2012
  • Current Sale Recording Date: Aug 27, 2012
  • Current Sale Transaction ID: 1176035471
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2012R21566

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MID ILLINOIS BANK & TRUS
  • First Mortgage Transaction Date: Aug 27, 2012
  • First Mortgage Loan Amount: $1,680,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Sep 15, 2022

    Financing

  • First Mortgage Financing Type: Variable

About Urbana



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Frequently Asked Questions

What neighborhood is 903 West Nevada Street located in?
The 903 West Nevada Street is a located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 903 West Nevada Street?
The average sales price for units in 903 West Nevada Street is $0 currently.

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