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Normal 61761
1104 Hovey Avenue
$130,000
● House - Off Market

1104 Hovey Avenue

Normal, IL 61761
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,128 Ft²
$959
Est. Monthly
6.04%
Cap Rate

About This Property

Charming 2-Bedroom, 1-Bath Home in Normal! Welcome to your new home! As you step inside, you'll immediately notice the fresh paint and carpet throughout, giving the entire home a clean and inviting atmosphere. The spacious living area is perfect for hosting gatherings or simply enjoying a cozy night in. One of the standout features of this home is the full unfinished basement, providing you with plenty of storage. The kitchen has a new stove and refrigerator (September 2023!). This home offers the perfect blend of comfort and convenience. It's close to schools, parks, shopping, and dining options, ensuring that all your daily needs are met. Must see!
Unit Size
1,128 Ft²
Days on Market
-
Land Size
-
Price per sqft
$120
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1951

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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 #11902286)

Price History

Date / Event Date Event Price
Dec 27, 2023 Sold
Premium
Sold
Oct 5, 2023 Listed by CORE 3 Residential Real Estate LLC $134,900
Listed by CORE 3 Residential Real Estate LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,128
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,529
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,256
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAIK LIVINGSTON SUB
  • Land Acres: 0000000173
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: MAIK LIVINGSTON SUB LOT 16 CAMPBELLS SUB LOT 3

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000301

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-29-483-012
  • Lot: 16,3
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5027
  • Longitude: -89.0021

    Address

  • Full Address: 1104 Hovey Ave
  • Address - House Number: 1104
  • Address - Street Name: Hovey
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C050
  • 4-Digit Zip Code: 3322
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $355,324
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 132,192
  • High Value: 144,092
  • Low Value: 120,291

    Market Valuation

  • Market Total Value: $118,665
  • Market Land Value: $21,021
  • Market Improvement Value: $97,644

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,555
  • Assessed Land Value: $7,007
  • Assessed Improvements Value: $32,548

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Jan 03, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 78
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

42

Average Home Size

2233 ft²

Average Home Age

41.8 years

Currently For Sale

39 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: Samantha Starkey-Walden, CORE 3 Residential Real Estate LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11902286
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 1104 Hovey Avenue built and last sold?
The property at 1104 Hovey Avenue was built in 1951 and last sold on Oct 18, 2023 for $130,000.
How much is this home worth?
The estimated value of the home located at 1104 Hovey Avenue is $0.
What are some comparable homes to 1104 Hovey Avenue?
There are currently no comparable homes to 1104 Hovey Avenue.
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