Off Market1642d on marketHistoric · 113 yrs
501 W Michigan Ave
Urbana, IL, 61801 • 61801 • Champaign County
$572,100
$265/sqft
6Beds
3Baths
2,156Sqft
0.37 acLot
1913Built
Property DNA
Character Home
Built 1913 · 113 years of history
Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
3 views
People checking out this listing
1642 days on market
Established listing
$265/sqft
Price per square foot
About this home
Single Family · Built 1913 · Historic
Located in the coveted State Streets neighborhood in Urbana; walking distance to The University of Illinois campus and downtown Urbana w/ access to restaurants, libraries, shops, the farmer's market and more. This stunner sits along brick-lined Michigan Avenue. Features include: 6 bedrooms, 3 fully remodeled bathrooms with new fixtures and granite countertops. Brand new gourmet kitchen features double ovens, beautiful soapstone countertops and backsplash, stainless steel farmhouse sink and high-end wood cabinetry. New white oak hardwood throughout the main floor, all new Pella windows with enclosed blinds, new HVAC and on demand tankless water heater. The basement has been retrofitted with egress windows and doors and includes 2 bedrooms and a laundry room with double washer and dryer. Exterior updates include: New siding and roof fall of 2015, new gutters May 2016, gutter guards added in fall 2018 and new concrete driveway leading up to new custom-built garage. The extra deep lot and large backyard make this a family oasis.
Estimated monthly payment
Based on current rates
$3,569/month
Principal & Interest$2,806
Property Tax$572
Insurance$191
Down payment20% ($114,420)
3%50%
Est. 6.21% rate · 30yr fixed · $457,680 loan
Full calculator →At a glance
Key facts and listing details
TypeSingleFamily
Year Built1913
HeatingForced air, Gas
CoolingCentral
Parking2 Parking spaces
Lot0.37 Acres
Property
Home typeSingle Family
Year built1913
Systems
HeatingForced air, Gas
CoolingCentral
Water / SewerSewer-Public
Parking & Outdoor
ParkingGarage - Detached
BasementUnfinished, Partially Finished, Egress Window
Lot0.37 Acres
Location & Tax
Neighborhood61801
Annual tax$14,700
Parcel932117376004
Bathrooms & Fees
Full baths3
Features & details
5 categories of property features
Interior Features
Appliances
Dishwasher
Range / Oven
Refrigerator
Flooring
Hardwood
Heating
Forced air
Gas
Cooling
Central
Exterior Features
Parking
Garage - Detached
Room details
1 room detailed
Dining Room
Listing insights
Market data and value estimates
StatusOff Market
Days on market1642
Est. value$572,100
Est. rent$3,048/mo
Tax rate2.17%
Price/sqft$265
Last sold$509,000
Tour days6
Views3
How are the schools in Urbana?
3 schools rated nearby
Location
Urbana, IL, 61801
Price history
11 events
DateEventPrice$/sqftSource
Oct 8, 2021Sold$509,000$236MRED as distributed by MLS GRID
Jan 17, 2021Listing Removed$570,000$264Keller Williams
Nov 5, 2020Price Change$570,000$264KELLER WILLIAMS-TREC
Sep 7, 2020Listed For Sale$585,000$271KELLER WILLIAMS-TREC
Aug 2, 2020Listing Removed$600,000$278Champaign County Realty
May 28, 2020Listed For Sale$600,000$278Champaign County Realty
Apr 3, 2020Listing Removed$600,000$278Champaign County Realty
Mar 13, 2020Listed For Sale$600,000$278Champaign County Realty
Apr 3, 2017Sold$340,000$158Agent Provided
Jul 23, 2015Sold$350,000$162MRED as distributed by MLS GRID
May 24, 2015Listed For Sale$360,000$167RE/MAX REALTY ASSOCIATES
Sold$509,000
Oct 8, 2021•$236/sqft•MRED as distributed by MLS GRID
Listing Removed$570,000
Jan 17, 2021•$264/sqft•Keller Williams
Price Change$570,000
Nov 5, 2020•$264/sqft•KELLER WILLIAMS-TREC
Listed For Sale$585,000
Sep 7, 2020•$271/sqft•KELLER WILLIAMS-TREC
Listing Removed$600,000
Aug 2, 2020•$278/sqft•Champaign County Realty
Listed For Sale$600,000
May 28, 2020•$278/sqft•Champaign County Realty
Listing Removed$600,000
Apr 3, 2020•$278/sqft•Champaign County Realty
Listed For Sale$600,000
Mar 13, 2020•$278/sqft•Champaign County Realty
Sold$340,000
Apr 3, 2017•$158/sqft•Agent Provided
Sold$350,000
Jul 23, 2015•$162/sqft•MRED as distributed by MLS GRID
Listed For Sale$360,000
May 24, 2015•$167/sqft•RE/MAX REALTY ASSOCIATES
Tax history
25 years of records
YearTax paidAssessed value
Apr 8, 2024$14,700$148,520
Apr 8, 2023$13,776$135,510
Apr 8, 2022$12,857$124,780
Apr 8, 2021$12,553$116,290
Apr 8, 2020$11,499$112,900
Apr 8, 2019$11,127$112,900
Apr 8, 2018$11,127$113,700
Apr 8, 2017$12,152$113,700
Apr 8, 2016$10,983$109,330
Apr 8, 2015$10,983$109,330
Apr 8, 2014$10,032$105,630
Apr 8, 2013$10,125$107,780
Apr 8, 2012$9,162$107,780
Apr 8, 2011$8,650$107,780
Apr 8, 2010$8,452$109,530
Apr 8, 2009—$109,530
Apr 8, 2008—$109,720
Apr 8, 2007$8,095$107,780
Apr 8, 2006$7,961$101,980
Apr 8, 2005$7,584$96,870
Apr 8, 2004$7,291$93,860
Apr 8, 2003$6,794$88,680
Apr 8, 2002$6,317$76,790
Apr 8, 2001$5,900$71,860
Apr 8, 2000$5,448$66,900
Nearby homes
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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