All brick ranch on a basement with loads of POTENTIAL! Rare opprotunity in todays market. Hardwood floors throughout the main floor (refinished and exposed in the dining room and 2nd bedroom) offer the possibility to make this into a real charmer. Property has a full basement with a second full bath, and endless opprotunities with an additional fireplace that makes converting to comfortable living space attractive. Some furniture still on premises, there will be an estate sale. May be people on site finishing up some items. Property is in an estate, prefer no inspection contingincies and need some time for response. Inspection included in attachments.
Closed
$162,500
507 E Colorado Ave, Urbana, IL 61801
3beds
1,364sqft
Single Family Residence
Built in 1956
9,230 Square Feet Lot
$230,800 Zestimate®
$119/sqft
$1,860 Estimated rent
Home value
$230,800
$215,000 - $247,000
$1,860/mo
Zestimate® history
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List your homeWhat's special
Brick ranchEndless opprotunitiesHardwood floors throughout
Zillow last checked:
Listing updated:
Listed by:
Jason Rogers 217-621-2496,
Coldwell Banker R.E. Group
Bought with:
Phillip Trautman, GREEN,GRI
Champaign County Realty
Source: MRED as distributed by MLS GRID,MLS#: 11799456
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12X15
Bedroom 2
- Level: Main
- Area: 160 Square Feet
- Dimensions: 10X16
Bedroom 3
- Features: Flooring (Hardwood)
- Level: Main
- Area: 117 Square Feet
- Dimensions: 9X13
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 117 Square Feet
- Dimensions: 9X13
Kitchen
- Features: Flooring (Vinyl)
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13X13
Living room
- Features: Flooring (Carpet)
- Level: Main
- Area: 299 Square Feet
- Dimensions: 23X13
Heating
- Natural Gas, Electric
Cooling
- Central Air
Features
- Basement: Unfinished,Full
- Number of fireplaces: 2
Interior area
- Total structure area: 2,728
- Total interior livable area: 1,364 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Concrete, On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 1
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
Lot
- Size: 9,230 Square Feet
- Dimensions: 71X130
Details
- Parcel number: 932120280006
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Services included: None
Location
- Region: Urbana
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $199,800
- Annual tax amount: $2,269
- Date on market: 6/4/2023
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2023 | Sold | $162,500-12.2%$119/sqft |
Source:  MRED as distributed by MLS GRID #11799456 Report a problem | ||
| 7/7/2023 | Pending sale | $185,000$136/sqft |
Source: MRED as distributed by MLS GRID #11799456 Report a problem | ||
| 6/12/2023 | Price change | $185,000-5.1%$136/sqft |
Source: MRED as distributed by MLS GRID #11799456 Report a problem | ||
| 6/4/2023 | Listed for sale | $195,000$143/sqft |
Source: MRED as distributed by MLS GRID #11799456 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,258 +7.3% | $66,600 +9.6% |
| 2023 | $5,834 +157.1% | $60,770 +8.6% |
| 2022 | $2,269 -49% | $55,960 +7.3% |
| 2021 | $4,448 +97.3% | $52,150 +9.2% |
| 2020 | $2,254 +4.1% | $47,760 |
| 2019 | $2,165 | $47,760 -0.7% |
| 2018 | $2,165 -3.3% | $48,100 +2.2% |
| 2017 | $2,240 +0.5% | $47,070 +2% |
| 2016 | $2,228 | $46,150 |
| 2015 | $2,228 +0.6% | $46,150 |
| 2014 | $2,215 +1.3% | $46,150 +2% |
| 2013 | $2,186 +6.6% | $45,250 |
| 2012 | $2,051 +5.9% | $45,250 |
| 2011 | $1,937 +4.2% | $45,250 -6.5% |
| 2010 | $1,859 | $48,400 -1.4% |
| 2009 | -- | $49,090 +0% |
| 2008 | -- | $49,080 +1.8% |
| 2007 | $1,898 -37.9% | $48,210 +5.4% |
| 2006 | $3,059 +55.1% | $45,760 -0.9% |
| 2005 | $1,972 -2.6% | $46,170 +3.2% |
| 2004 | $2,026 -9.9% | $44,730 +6.5% |
| 2003 | $2,248 -19.4% | $42,010 +11% |
| 2002 | $2,788 +22.4% | $37,850 +4.2% |
| 2001 | $2,278 +0.4% | $36,320 +2.3% |
| 2000 | $2,268 | $35,500 |
Find assessor info on the county website
Neighborhood: 61801
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Nearby schools
GreatSchools rating
- 5/10Leal Elementary SchoolGrades: K-5Distance: 1.1 mi
- 3/10Urbana Middle SchoolGrades: 6-8Distance: 0.6 mi
- 2/10Urbana High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Wiley Elementary School
- Middle: Urbana Middle School
- High: Urbana High School
- District: 116
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Champaign County
- Urbana
- 61801
- 507 E Colorado Ave
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