Champaign County IL Real Estate Extremes for 2011

By
Real Estate Agent with Beringer Realty

Champaign IL HomesLast year around this time, I searched high and low...literally...to come up with a list of real estate extremes for the previous year. What was the most expensive home sold in and around Champaign IL during the year? Which home had the least square footage? etc. It was such a fun exercise I've decided to do it again!

Let's take a look at real estate extremes for 2011:

Most Expensive Home Sold: Situated in Greencroft subdivision in Champaign, this stately home sold for $1,025,000. A close runner-up located nearby sold for $955,500. Interestingly, there were 8 homes that sold in 2011 for $700,000 or more. In 2010, there were only 2.

Least Expensive Home Sold: A foreclosure in Valier, Illinois in Franklin County sold for $3,400. As you might expect, it was in need of a little TLC. It was one of two homes that sold for under $5,000 and one of 22 that sold for less than $10,000. All of these homes were located outside of Champaign-Urbana city limits.

Most Bedrooms: Sold to a company rather than an individual, this home with 12-bedrooms in west Urbana is surely being used as an investment property. The home is only steps away from the university.

Most Bathrooms: We have a tie! One home had 5 full baths and 2 half baths (also the most expensive home sold) and another had 4 full baths and 3 half baths. 7 total baths each!

Largest Home Sold: Once again, the most expensive home sold wins this round with over 7,000 square feet of finished living space.

Smallest Home Sold: With only 500 square feet of living space, this one-bedroom one-bath home in Valier, Illinois might just be the epitome of low-maintenance!

Oldest Home Sold: Built in 1857, this traditional farmhouse-style home is more than 150 years old. It’s located in Roberts, Illinois in Ford County.

 

And in case averages are of more interest to you than extremes, a typical home sold in 2011 in and around Champaign County had 3 bedrooms, 2 bathrooms, was purchased using a conventional loan and averaged in sale price just under $140,000.

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Shannon Lewis is a Realtor® and broker at Beringer Realty located in Urbana, Illinois. She and her partner, Debbie Hensleigh, help home buyers and sellers in Urbana, Champaign, Savoy, and many other surrounding communities.

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To contact Shannon with a question, for real estate assistance, or just to say "hey!":

call 217-552-8059, or email Shannon@HomeplaceAdvisors.com

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