Sold976d on market
507 E Colorado Ave
Urbana, IL, 61801 • 61801 • Champaign County
$162,500
$119/sqft
3Beds
2Baths
1,364Sqft
0.21 acLot
1956Built
Property DNA
2 Fireplaces
Cozy heat source
1-Car Garage
Concrete · On Site · Garage Owned · Attached · Garage
This home is in high demand
Listed 976 days ago · 5 views · Top 5% likely to sell soon
Market activity
Demand and pricing signals for this listing
5 views
People checking out this listing
976 days on market
Established listing
$119/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 5% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1956
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.
Standout features identified
Our analysis highlights brick ranch, endless opprotunities, and hardwood floors throughout as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,071/month
Principal & Interest$854
Property Tax$163
Insurance$54
Down payment20% ($32,500)
3%50%
Est. 6.88% rate · 30yr fixed · $130,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1956
HeatingNatural Gas, Electric
CoolingCentral Air
Parking1 Attached Garage space
Lot9,230 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1956
Stories1
Systems
HeatingNatural Gas, Electric
CoolingCentral Air
RoofAsphalt
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingConcrete, On Site, Garage Owned, Attached, Garage
Garage1 spaces
BasementUnfinished,Full
Fireplaces2
Lot9,230 sqft
Location & Tax
Neighborhood61801
Annual tax$2,269
Parcel932120280006
Bathrooms & Fees
Full baths2
Features & details
5 categories of property features
Interior Features
Heating
Natural Gas
Electric
Cooling
Central Air
Accessibility
No Disability Access
Exterior Features
Parking
Concrete
On Site
Garage Owned
Attached
Garage
Construction
Brick
Room details
19 rooms detailed
Master Bedroom
Main12×15 ft180 sqft
Bedroom2
Main10×16 ft160 sqft
Bedroom3
Main9×13 ft117 sqft
Flooring (Hardwood)
Bedroom4
Other
Other
Listing insights
Market data and value estimates
StatusSold
Days on market976
Est. value$221,600
Est. rent$1,930/mo
Tax rate2.17%
Price/sqft$119
On marketJun 4, 2023
PostedJun 4, 2023
Last sold$162,500
MLS statusClosed
MLS updatedAug 8, 2023
Tour days6
Views5
How are the schools in Urbana?
3 schools rated nearby
Location
Urbana, IL, 61801
Price history
4 events
DateEventPrice$/sqftSource
Aug 4, 2023Sold$162,500$119MRED as distributed by MLS GRID
Jul 7, 2023Pending Sale$185,000$136MRED as distributed by MLS GRID
Jun 12, 2023Price Change$185,000$136MRED as distributed by MLS GRID
Jun 4, 2023Listed For Sale$195,000$143MRED as distributed by MLS GRID
Sold$162,500
Aug 4, 2023•$119/sqft•MRED as distributed by MLS GRID
Pending Sale$185,000
Jul 7, 2023•$136/sqft•MRED as distributed by MLS GRID
Price Change$185,000
Jun 12, 2023•$136/sqft•MRED as distributed by MLS GRID
Listed For Sale$195,000
Jun 4, 2023•$143/sqft•MRED as distributed by MLS GRID
Tax history
25 years of records
YearTax paidAssessed value
Apr 7, 2024$6,258$66,600
Apr 7, 2023$5,834$60,770
Apr 7, 2022$2,269$55,960
Apr 7, 2021$4,448$52,150
Apr 7, 2020$2,254$47,760
Apr 7, 2019$2,165$47,760
Apr 7, 2018$2,165$48,100
Apr 7, 2017$2,240$47,070
Apr 7, 2016$2,228$46,150
Apr 7, 2015$2,228$46,150
Apr 7, 2014$2,215$46,150
Apr 7, 2013$2,186$45,250
Apr 7, 2012$2,051$45,250
Apr 7, 2011$1,937$45,250
Apr 7, 2010$1,859$48,400
Apr 7, 2009—$49,090
Apr 7, 2008—$49,080
Apr 7, 2007$1,898$48,210
Apr 7, 2006$3,059$45,760
Apr 7, 2005$1,972$46,170
Apr 7, 2004$2,026$44,730
Apr 7, 2003$2,248$42,010
Apr 7, 2002$2,788$37,850
Apr 7, 2001$2,278$36,320
Apr 7, 2000$2,268$35,500
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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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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