Urbana Land for Dream
For Sale
$89,000
505 North Beacon Hill Circle, Urbana, IL 61802
Residential land in Urbana with tax savings and community amenities.
Property SizeContact for details
Lot Size0.25 Acres
Days on Market990
Property Features for 505 North Beacon Hill Circle
General Information
Standard status
Active
Lot size
0.25 Acres
Property subtype
Land
Zoning
SINGL
Taxes and HOA fees
Annual Taxes
$48
Listing Agency:
Coldwell Banker R.E. Group
(217) 351-1988
Listed By:
Stefanie Pratt · License #475123513
(217) 351-1988
Source:
Compass
Added: Nov 26, 2023
Changed: Aug 8
Last Checked: Jul 16 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker R.E. Group
Investment Insights
Based on property information with market context.
Located on the northeast side of Urbana, this residential land offers an opportunity to build a custom home. The Think Urbana Program provides an approximate 55% reduction in property taxes over five years, along with an exemption from sales tax on materials. The subdivision includes four bodies of water and walking paths. The available lots are primarily over 0.25 acres. The location provides convenient access to shopping and the interstate. Builders are welcome. The average home prices in the subdivision range from $250,000 to $750,000. The Homeowner Association (HOA) fees are $200 per year.
Key Highlights
- Significant property tax savings (approximately 55% over 5 years) through the Think Urbana Program.
- No sales tax on building materials.
- Subdivision features 4 bodies of water and walking paths.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 61802, IL
19,460
Population
10,066
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
82.1 sq mi
ZIP Area
237
Density / Sq Mi
$58,588
Median Household Income
$40,600
Median Earnings
$996
Median Rent
$158,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential land in Urbana with tax savings and community amenities.
Where is this residential land & home lot located?
The property is located at 505 North Beacon Hill Circle Urbana, IL.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: Significant property tax savings (approximately 55% over 5 years) through the Think Urbana Program.; No sales tax on building materials.; Subdivision features 4 bodies of water and walking paths.
