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Normal 61761
1002 Teegan Street
$251,000
● House - Off Market

1002 Teegan Street

Normal, IL 61761
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,860 Ft²
$1,633
Est. Monthly
$60
HOA / Fees
4.22%
Cap Rate

About This Property

Updated 2 story home in Savannah Green Subdivision. Fresh paint and new floors throughout! The home shows great, move right-in!! Large kitchen, family room with a gas fireplace and a formal dining room! The second floor offers a lovely primary suite with dual closets and a spacious master bath, two additional bedrooms, a full bath, and generous-sized second-floor laundry. The Savannah Green subdivision has access to park! Unit 5 Schools! Located conveniently close to shopping, restaurants, gas stations, constitution trail, and easy access to the interstate! Association includes member only use of clubhouse. Come make this your home today! All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Unit Size
1,860 Ft²
Days on Market
-
Land Size
-
Price per sqft
$128
Property Type
House
Property Taxes
$404
HOA Dues
$60
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11962856)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Jan 17, 2024 Listed by BHHS Central Illinois, REALTORS $238,000
Listed by BHHS Central Illinois, REALTORS

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 804
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,040
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 420
  • Total Building Area: 2,412
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAVANNA GREEN 9TH ADD
  • Land Acres: 0000000123
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: SAVANNA GREEN 9TH ADD LOT 317

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000109

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-22-455-018
  • Lot: 317
  • Meridian: SEC 22 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5189
  • Longitude: -88.9716

    Address

  • Full Address: 1002 Teegan St
  • Address - House Number: 1002
  • Address - Street Name: Teegan
  • Address - Suffix Type: St
  • State: IL
  • City Name: Normal
  • Carrier Code: R029
  • 4-Digit Zip Code: 4578
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $484,328
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 237,789
  • High Value: 259,051
  • Low Value: 216,526

    Market Valuation

  • Market Total Value: $161,748
  • Market Land Value: $26,796
  • Market Improvement Value: $134,952

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,916
  • Assessed Land Value: $8,932
  • Assessed Improvements Value: $44,984

    Sales

  • Current Sale Contract Date: Feb 12, 2024
  • Current Sale Recording Date: Mar 06, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2716
  • Previous Sale Recording Date: Dec 23, 2013
  • Previous Sale Contract Date: Nov 13, 2013
  • Previous Sale Amount: $148,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Normal

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2112 ft²

Average Home Age

40.1 years

Currently For Sale

43 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Greg Girdler, BHHS Central Illinois, REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11962856
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1002 Teegan Street built and last sold?
The property at 1002 Teegan Street was built in 2005 and last sold on Feb 12, 2024 for $251,000.
How much is this home worth?
The estimated value of the home located at 1002 Teegan Street is $0.
What are some comparable homes to 1002 Teegan Street?
There are currently no comparable homes to 1002 Teegan Street.
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