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Normal 61761
1005 N Walnut Street
$250,000
● House - Off Market

1005 N Walnut Street

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,178 Ft²
$1,485
Est. Monthly
10.24%
Cap Rate

About This Property

This move-in ready ranch is the ideal home for downsizers or first time home buyers - with 3 bedrooms, a bonus room, 2 and a half baths, 1-car garage  and a fully finished basement, this home has all the space you need.  Enjoy the large fully fenced backyard with a concrete patio perfect for summer relaxation with ample space to plant a garden, host BBQs, or install a pool or a playground. Located within the Unit 5 school district, close to ISU, and multiple parks, this home offers everything you need. HVAC is 5 years old, AC is 6-7 years old. New carpet. Schedule your showing soon!
Unit Size
2,178 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$103
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,089
  • Garage Type: 7
  • Garage Square Area: 273
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,900
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,178
  • Building Area: 1,089
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,089
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORNINGSIDE ADD
  • Land Acres: 0000000228
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: MORNINGSIDE ADD LOT 3,4,5 BLK 1

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000106

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-22-352-019
  • Block: 1
  • Lot: 3,4
  • Meridian: SEC 22 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5192
  • Longitude: -88.9806

    Address

  • Full Address: 1005 N Walnut St
  • Address - House Number: 1005
  • Street Direction: N
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Normal
  • Carrier Code: C042
  • 4-Digit Zip Code: 1757
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $154,042
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 222,896
  • High Value: 265,692
  • Low Value: 180,100

    Market Valuation

  • Market Total Value: $160,398
  • Market Land Value: $34,026
  • Market Improvement Value: $126,372

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,466
  • Assessed Land Value: $11,342
  • Assessed Improvements Value: $42,124

    Sales

  • Current Sale Contract Date: May 28, 2020
  • Current Sale Recording Date: Jun 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-00010288
  • Previous Sale Recording Date: Dec 07, 2006
  • Previous Sale Contract Date: Nov 10, 2006
  • Previous Sale Amount: $109,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

$121

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2145 ft²

Average Home Age

39.2 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

Rentals Near You

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MRED

Listed by: Tracy Lockenour, HomeSmart Realty Group Illinois
Data Source: MRED, MLS# MRD12388239
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 1005 North Walnut Street built and last sold?
The property at 1005 North Walnut Street was built in 1950 and last sold on May 28, 2020 for $175,000.
How much is this home worth?
The estimated value of the home located at 1005 North Walnut Street is $0.
What are some comparable homes to 1005 North Walnut Street?
There are currently no comparable homes to 1005 North Walnut Street.
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