Sold25d on market

1007 Rainbow Vw

Urbana, IL, 61802 • 61802 • Champaign County

$140,000

$124/sqft

3Beds

1Baths

1,133Sqft

1962Built

Property DNA

2 highlights

Outdoor Living

Deck · Porch

1-Car Garage

Yes · Garage Owned · Attached · Garage

Market activity

Demand and pricing signals for this listing

69 views

People checking out this listing

3 saves

Buyers have saved this home

25 days on market

Recently listed

$124/sqft

Price per square foot

About this home

Single Family · Built 1962

Well cared for home with Soaring Vaulted ceilings as you enter! Hardwood floor abound and are in great shape, just beautiful! NEW Kitchen! Updated New Bathroom with tile!! The home also boasts of 3 large bedrooms, 1 full bath and another bath just waiting to be finished! Full replacement windows, newer Furnace, AC and water heater! Fully fenced backyard with large deck! Super home that is just waiting for the new owner to make it their own!

Standout features identified

Our analysis highlights fully fenced backyard, newer furnace, and new kitchen as key attractions of this home.

Estimated monthly payment

Based on current rates

$922/month

Principal & Interest$736

Property Tax$140

Insurance$47

Down payment20% ($28,000)

3%50%

Est. 6.88% rate · 30yr fixed · $112,000 loan

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At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1962

HeatingNatural Gas, Forced Air

CoolingCentral Air

Parking1 Attached Garage space

Property

Home typeSingle Family

Sub-typeSingle Family Residence

Year built1962

Stories1

Systems

HeatingNatural Gas, Forced Air

CoolingCentral Air

ConstructionVinyl Siding

Water / SewerPublic / Public Sewer

Parking & Outdoor

ParkingYes, Garage Owned, Attached, Garage

Garage1 spaces

BasementCrawl Space

Location & Tax

Neighborhood61802

Annual tax$3,632

Parcel922116427019

Bathrooms & Fees

Full baths1

Features & details

6 categories of property features

Interior Features

Heating

Natural Gas

Forced Air

Cooling

Central Air

Accessibility

No Disability Access

Exterior Features

Parking

Yes

Garage Owned

Attached

Garage

Construction

Vinyl Siding

Patio & Porch

Deck

Porch

Room details

19 rooms detailed

Master Bedroom

Main

12×10 ft120 sqft

Bedroom2

Main

12×8 ft96 sqft

Bedroom3

Main

12×7 ft84 sqft

Bedroom4

Other

Listing insights

Market data and value estimates

StatusSold

Days on market25

Est. value$141,100

Est. rent$1,490/mo

Tax rate2.17%

Price/sqft$124

On marketNov 25, 2025

PostedNov 25, 2025

Last sold$140,000

MLS statusClosed

MLS updatedMar 15, 2026

Tour days6

Favorites3

How are the schools in Urbana?

3 schools rated nearby

DR Preston L Williams Jr Elementary School

Elementary • Public • K-5

0.3 mi

Urbana Middle School

Middle • Public • 6-8

1.1 mi

Urbana High School

High • Public • 9-12

1.2 mi

Location

Urbana, IL, 61802

Expand map

Price history

6 events

DateEventPrice$/sqftSource

Mar 13, 2026Sold$140,000$124MRED as distributed by MLS GRID

Jan 26, 2026Contingent$144,900$128MRED as distributed by MLS GRID

Dec 18, 2025Price Change$144,900$128MRED as distributed by MLS GRID

Nov 25, 2025Listed For Sale$149,900$132MRED as distributed by MLS GRID

Nov 24, 2025Listing Removed$149,900$132MRED as distributed by MLS GRID

Oct 14, 2025Listed For Sale$149,900$132MRED as distributed by MLS GRID

Sold$140,000

Mar 13, 2026•$124/sqft•MRED as distributed by MLS GRID

Contingent$144,900

Jan 26, 2026•$128/sqft•MRED as distributed by MLS GRID

Price Change$144,900

Dec 18, 2025•$128/sqft•MRED as distributed by MLS GRID

Listed For Sale$149,900

Nov 25, 2025•$132/sqft•MRED as distributed by MLS GRID

Listing Removed$149,900

Nov 24, 2025•$132/sqft•MRED as distributed by MLS GRID

Listed For Sale$149,900

Oct 14, 2025•$132/sqft•MRED as distributed by MLS GRID

Tax history

25 years of records

YearTax paidAssessed value

Apr 8, 2024$3,632$35,210

Apr 8, 2023$3,417$32,120

Apr 8, 2022$3,202$29,580

Apr 8, 2021$2,976$27,570

Apr 8, 2020$2,716$25,250

Apr 8, 2019$2,626$25,250

Apr 8, 2018$2,626$25,420

Apr 8, 2017$2,658$24,870

Apr 8, 2016$2,783$26,180

Apr 8, 2015$2,783$26,180

Apr 8, 2014$2,922$27,560

Apr 8, 2013$3,035$29,010

Apr 8, 2012$2,910$29,010

Apr 8, 2011$2,856$31,060

Apr 8, 2010$2,945$32,810

Apr 8, 2009—$34,680

Apr 8, 2008—$33,730

Apr 8, 2007$2,650$33,130

Apr 8, 2006$2,661$32,290

Apr 8, 2005$2,469$29,760

Apr 8, 2004$2,351$28,840

Apr 8, 2003$2,151$26,880

Apr 8, 2002$1,073$23,000

Apr 8, 2001$1,075$22,320

Apr 8, 2000$1,075$21,320

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Neighborhood details

Local context around this listing

Urbana, IL • Champaign County

Nearby neighborhoods

Downtown

Nearby cities

ChampaignHomerMahometRantoulSaint JosephSavoySeymourTolono

Nearby zip codes

61801618026180361874

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Value estimates

Live

Est. value$141,100

Est. rent$1,490/mo

30yr rate est.6.88%

Affordability$1,018/mo

Accepted financing

FHA

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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)

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