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Normal 61761
1311 Ogelthorpe Avenue
$235,000
● House - Off Market

1311 Ogelthorpe Avenue

Normal, IL 61761
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,895 Ft²
$232,630
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Updated 3 Bedroom 2 Full and 2 Half bath home that is move in ready! Open concept Living and kitchen area with separate dining and family room. Large master suite with massive walk in closet, updated bathroom, and office nook. Other bedrooms are good sized with new flooring and paint. 2nd Full bath/Laundry room has been updated as well. Basement has been redone with large family room, industrial style ceilings, and half bath. Fenced in backyard with large deck and firepit, perfect for entertaining. Great location, only a block from park and close to shopping, restaurants and schools. Basement remodel 2020. Upstairs updated 2021. Main Floor updated 2022. Professionally landscaped 2022. Water heater 2019. Garage door 2020. Do not miss out on this one!
Unit Size
2,895 Ft²
Days on Market
-
Land Size
-
Price per sqft
$78
Property Type
House
Property Taxes
$392
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 #11448492)

Price History

Date / Event Date Event Price
Aug 15, 2022 Sold
Premium
Sold
Jun 27, 2022 Listed by BHHS Central Illinois REALTORS $225,000
Listed by BHHS Central Illinois REALTORS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • 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: 960
  • 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: 6,373
  • Lot Size Depth Feet: 1,175
  • Lot Size Frontage Feet: 540
  • Total Building Area: 2,898
  • Building Area: 1,938
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,938
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAVANNA GREEN 2ND ADD
  • Land Acres: 0000000146
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 95 SAVANNA GREEN 2ND ADD

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-22-406-005
  • Lot: 95
  • Meridian: SEC 22 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5231
  • Longitude: -88.971

    Address

  • Full Address: 1311 Ogelthorpe Ave
  • Address - House Number: 1311
  • Address - Street Name: Ogelthorpe
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: R029
  • 4-Digit Zip Code: 5719
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $489,762
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1841
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 269,137
  • High Value: 318,703
  • Low Value: 219,571

    Market Valuation

  • Market Total Value: $181,563
  • Market Land Value: $26,796
  • Market Improvement Value: $154,767

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,521
  • Assessed Land Value: $8,932
  • Assessed Improvements Value: $51,589

    Sales

  • Current Sale Contract Date: Aug 03, 2022
  • Current Sale Recording Date: Aug 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15159
  • Previous Sale Recording Date: Mar 27, 2015
  • Previous Sale Contract Date: Mar 20, 2015
  • Previous Sale Amount: $151,000
  • 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

$121

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2130 ft²

Average Home Age

40 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: Patrick Kniery, BHHS Central Illinois REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11448492
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 1311 Ogelthorpe Avenue built and last sold?
The property at 1311 Ogelthorpe Avenue was built in 2001 and last sold on Aug 3, 2022 for $260,333.
How much is this home worth?
The estimated value of the home located at 1311 Ogelthorpe Avenue is $0.
What are some comparable homes to 1311 Ogelthorpe Avenue?
There are currently no comparable homes to 1311 Ogelthorpe Avenue.
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