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Normal 61761
1119 Perry Lane
$185,000
● House - Off Market

1119 Perry Lane

Normal, IL 61761
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,574 Ft²
$184,807
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

An updated ranch, on a corner lot! The main living room is vaulted with hardwood floors and a newly refaced stone fireplace. Updates continue into the kitchen with new countertops, backsplash and all new appliances in 2015. Brand new carpet and fresh paint throughout! There is so much space in the finished basement including a full bathroom. Enjoy a covered patio in the backyard where you don't have any neighbors directly next to you. Professional cleaners have already come, you literally just need to move-in!
Unit Size
2,574 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$62
Property Type
House
Property Taxes
$342
HOA Dues
$5
Year Built
2001

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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 #11116892)

Price History

Date / Event Date Event Price
Jul 16, 2021 Sold
Premium
Sold
Jun 10, 2021 Listed by Keller Williams Revolution $159,900
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,272
  • 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: 7,820
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 608
  • Total Building Area: 2,574
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAVANNAH GREEN SUB
  • Land Acres: 0000000180
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: RESUB OF SAVANNAH GREEN SUB 2ND ADD LT 61

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-22-409-014
  • Lot: 61
  • Meridian: SEC 22 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5227
  • Longitude: -88.9685

    Address

  • Full Address: 1119 Perry Ln
  • Address - House Number: 1119
  • Address - Street Name: Perry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Normal
  • Carrier Code: R029
  • 4-Digit Zip Code: 5717
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $431,140
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 226,342
  • High Value: 268,626
  • Low Value: 184,057

    Market Valuation

  • Market Total Value: $161,985
  • Market Land Value: $26,796
  • Market Improvement Value: $135,189

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,995
  • Assessed Land Value: $8,932
  • Assessed Improvements Value: $45,063

    Sales

  • Current Sale Contract Date: Jul 16, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00017967
  • Previous Sale Recording Date: Jun 26, 2015
  • Previous Sale Contract Date: Jun 18, 2015
  • Previous Sale Amount: $149,500
  • 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

$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

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: Jackie Spencer, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11116892
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 1119 Perry Lane built and last sold?
The property at 1119 Perry Lane was built in 2001 and last sold on Jul 16, 2021 for $185,000.
How much is this home worth?
The estimated value of the home located at 1119 Perry Lane is $0.
What are some comparable homes to 1119 Perry Lane?
There are currently no comparable homes to 1119 Perry Lane.
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