501 W MICHIGAN Avenue Urbana, IL
$ 539,000
Property Attributes
  • MLS#11008805
  • TypeContingent
  • CityUrbana
  • AreaUrbana
  • NeighborhoodHubbard Terrace
  • Zip61801
  • StyleColonial
  • Year Built1913
  • Taxes$ 11171
  • Price$ 539,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2156
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
eXp Realty,LLC-Maho
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

What an absolute stunner located on the brick lined State Streets of Urbana. The home is located amongst some of the most coveted Real Estate Urbana has to offer. Just 1 block away from Carle Park, and approximately 3 blocks from Lincoln Ave and the University of Illinois. A few 100 thousand dollars were placed into the total rehab of this masterpiece. Not a detail was missed, and not a corner was cut. The home features 6 large bedrooms, 3 fully renovated bathrooms, redesigned custom kitchen, and stunning office with wall to wall windows. New concrete Hardie board siding was installed on the exterior with a new matching detached garage. New Pella windows were installed with built-in blinds throughout the entire home. New gourmet kitchen is highlighted with custom cabinetry, high-end soapstone countertops and backsplash, stainless steel farmhouse sink, and double ovens. Not many homes in this area can truly say they have been 100% updated, but this home can back it up. Updates include: Electrical, plumbing, high efficiency tankless water heater, roof, gutters, bathrooms, kitchen, floors, driveway, lighting, insulation, HVAC, garage, windows, siding, all have been completed. Complete list on file. The basement has been retrofitted with egress windows and doors, including 2 bedrooms, a laundry room with double washer and dryer, and a flex room. I can go on and on, this area is historic and lined with some of the most beautiful homes you will see in our city. Lamp post lined sidewalks along with the brick lined streets and amazing landscape make for some of the best scenery to admire when going to all the local conveniences. The State Streets area is attached right next to the East side of the University, and conveniently located just a few blocks South of Carle Hospital. If you want to live in a timeless piece of Real Estate but don't have the time to deal with contractors then this is your home. The amount of money that has been invested into the rehab of this home is your equity and now here for your enjoyment.

Elementary School Middle School High School
Leal Elementary School Urbana Middle School Urbana High School
Price History
3/3/2021 Listed $555,000
5/20/2021 3% - $539,000

General Features

Appliances Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Range Hood
Architectural Style Colonial
Association Fee Includes None
Basement Full
City Urbana
Community Features Park, Curbs, Sidewalks, Street Lights
Contingency Attorney/Inspection
Cooling Central Air
County Champaign
Days on Market 186
Directions On W Michigan, betweek Orchard & Carle.
Elementary School Leal Elementary School
Elementary School District 116
Energy Efficient Water Heater
Exterior Features Patio, Porch, Brick Paver Patio, Fire Pit
Facing Direction North
Garage Spaces 2
HOA Fee Frequency Not Applicable
Heating Natural Gas, Forced Air
High School Urbana High School
High School District 116
Interior Features Hardwood Floors, 1st Floor Full Bath, Built-in Features, Walk-In Closet(s)
MLS Area Urbana
Middle/Junior High School Urbana Middle School
Middle/Junior School District 116
New Construction No
Ownership Fee Simple
Possession Closing
Property Type Detached Single
Property Type Residential
Roof Asphalt
Sewer Public Sewer
Standard Status Active Under Contract
Status Contingent
Street Name MICHIGAN
Subdivision Name Hubbard Terrace
Tax Annual Amount 11171.06
Tax Year 2019
Total Rooms 11
Township Urbana
Virtual Tour
Year Built 1913

Interior Features

Basement Finished, Egress Window
Bedrooms Possible 6
Below Grade Finished Area 1008
Fireplace Features Wood Burning
Full Baths 3
Laundry Features In Unit
Living Area 2156
Livingareasource Assessor
Room Type Bedroom 5, Bedroom 6, Bonus Room, Foyer
Street Suffix Avenue
Total Baths 3
Total Bedrooms 4
Total Fireplaces 1

Exterior Features

Buyerofficefax (217) 356-6116
Exterior Concrete
Foundation Details Concrete Perimeter
Garage Onsite Yes
Garage Ownership Owned
Garage Type Detached
Lot Dimensions 85X192.5
Lot Size Acres 0.38
Other Equipment TV-Cable, Sump Pump, Backup Sump Pump;
Water Source Public
Waterfront Y/N No

Room Details

Room Dimensions Level Flooring Details
Bedroom 2 13X14 Second Hardwood
Bedroom 3 14X12 Second Hardwood
Bedroom 4 11X10 Second Hardwood
Bedroom 5 12X14 Basement
Bedroom 6 8X16 Basement
Bonus Room 9X10 Basement
Dining Room 13X11 Main Hardwood
Family Room 10X13 Main Hardwood
Foyer 6X7 Main Hardwood
Kitchen 16X13 Main Hardwood Eating Area-Breakfast Bar,Eating Area-Table Space,Island
Laundry 7X10 Basement Other
Living Room 27X13 Main Hardwood
Master Bedroom 13X14 Second Hardwood


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 61801

AVG $140K
AVG $3,497
AVG 57
Year Built
AVG 1962
AVG 50
Data Provided by Walkscore ® not using MLS data

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