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Normal 61761
1005 Perry Lane
$225,000
● House - Off Market

1005 Perry Lane

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,304 Ft²
$1,480
Est. Monthly
$5
HOA / Fees

About This Property

WOW! Amazing condition allows you to move right in and enjoy because the sellers have just replaced the roof, installed new carpet and had professional painting done -  all in November 2025. The kitchen has a nice pantry, newer backsplash and stainless-steel appliances. This floor plan allows main floor living with a main floor laundry and bedrooms. You will appreciate the great space this home provides with the finished lower level that includes a huge family room, a 4th bedroom and a bath. The owners added the bar in the family for more enjoyment of this area, and there is a surround sound system, too. Bath has been updated with a large tile shower.  Super convenient central Normal location in a neighborhood with a park/playground and a clubhouse. Refrigerator 2023. Water Heater 2017.
Unit Size
2,304 Ft²
Days on Market
-
Land Size
-
Price per sqft
$100
Property Type
House
Property Taxes
$345
HOA Dues
$5
Year Built
2002

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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: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,152
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,720
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 520
  • Total Building Area: 2,304
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAVANNA GREEN 5TH ADD
  • Land Acres: 0000000141
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 185 SAVANNA GREEN 5TH ADD

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-22-408-011
  • Lot: 185
  • Meridian: SEC 22 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5227
  • Longitude: -88.9715

    Address

  • Full Address: 1005 Perry Ln
  • Address - House Number: 1005
  • Address - Street Name: Perry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Normal
  • Carrier Code: R029
  • 4-Digit Zip Code: 5738
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $360,022
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 205,881
  • High Value: 245,411
  • Low Value: 166,352

    Market Valuation

  • Market Total Value: $138,234
  • Market Land Value: $26,796
  • Market Improvement Value: $111,438

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,078
  • Assessed Land Value: $8,932
  • Assessed Improvements Value: $37,146

    Sales

  • Current Sale Contract Date: Apr 08, 2019
  • Current Sale Recording Date: Apr 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-00005371
  • Previous Sale Recording Date: Jul 18, 2013
  • Previous Sale Contract Date: Jul 12, 2013
  • Previous Sale Amount: $136,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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:

$277,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2099 ft²

Average Home Age

42.6 years

Currently For Sale

44 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

Unit for rent at 1613 Belclare Road, Normal, IL, 61761

$2,700 /mo

  • 2 Beds
  • 3 Baths
  • 2,156 ft²
1613 Belclare Road, Normal, IL, 61761 Listing by Derrick Williams

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jill West, BHHS Central Illinois, REALTORS
Data Source: MRED, MLS# MRD12522194
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 Perry Lane built and last sold?
The property at 1005 Perry Lane was built in 2002 and last sold on Apr 8, 2019 for $145,000.
How much is this home worth?
The estimated value of the home located at 1005 Perry Lane is $0.
What are some comparable homes to 1005 Perry Lane?
There are currently no comparable homes to 1005 Perry Lane.
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