Listing Details: Mahomet, Champaign and Urbana, Illinois Real Estate Listings & Homes For Sale Provided by Russ Taylor

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<Back to Page			Property 53 of 87 Selections

700 Dover, Champaign

$139,000

Front View

Address: 700 Dover	City/ST: Champaign, IL	Zip Code: 61820
Property Type: Single Family Home	New or Resale: Resale	Square Footage: 1819
Bedrooms: 4	Bathrooms: 2	MLS# 2094633
Property Tax: 3231

Great Income Oppoortunity! Four bedroom, two full bath furnished home currently leased until Aug 2010. Spacious corner lot location near campus, parks, bus stop and shopping. Hardwood floors, newer roof and appliances. Additional first floor room can be used as a den, office, study, tv room, or playroom. Garage opens from both ends to accomodate 2 cars.

Last Updated: 9/28/2009 3:18:56 PM

Listing Agent and Office: Sandy Miller , RE/MAX Realty Associates

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Titles >Holding Title to A Condo

With condominiums becoming increasingly popular among today's homebuyers, it is a good time to clarify the terms of ownership that seem to confuse many people. Condo-type residences most commonly fall into two categories - condominiums and townhouses.

A condominium is usually a multi-story structure. Each owner-resident has a deed of ownership for his own unit and owns the space within the unit, but not the land under the structure. Therefore, condo units can be stacked vertically. Condo owners share title to the common areas of the development, including land, exterior of buildings, hallways, roofs and swimming pools -- all areas used by all occupants. Each owner pays property taxes on their unit. Also, a monthly fee is paid to the homeowners' association that is used for managing and maintaining all common areas.

A townhouse, or town home community is usually a series of single- or two-story housing units, each linked to each other horizontally by common walls. Each owner hold title to their unit and the land beneath it, thus these units cannot be stacked vertically. Typically, a townhouse unit will be a two-story residence, with the living area downstairs and bedrooms upstairs. Common areas belonging to the townhouse development are owned jointly. Each townhouse owner pays property taxes and association fees.

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Q	What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
A	Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.
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Russ Taylor, REALTOR�, real estate agent and broker for Mahomet, Champaign and Urbana, Illinois home listings, property and land for sale - NUMBER1EXPERT

Russ Taylor
RE/MAX Realty Associates
116 S. Lombard
Mahomet, IL 61853
217-898-7226
Fax: 217-586-3774
russtaylor@NUMBER1EXPERT.com

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