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Normal 61761
1502 Aurora Way
$122,000
● House - Off Market

1502 Aurora Way

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,225 Ft²
$138,576
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Cute 3 bedroom 1.5 bathroom with large fenced back yard. Roof 2016 (house only) New furnace 2019, washer and dryer 2020. Backyard swing set and playhouse stay. Property sold   "as is"  Won't last long!!
Unit Size
1,225 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$98
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1960

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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.

Last updated: 3 years ago (MRED MLS #11133379)

Price History

Date / Event Date Event Price
Jul 28, 2021 Sold
Premium
Sold
Jun 23, 2021 Listed by RE/MAX Choice $119,900
Listed by RE/MAX Choice

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 492
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,550
  • Lot Size Depth Feet: 1,580
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,225
  • Building Area: 1,225
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,225
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL HILLS
  • Land Acres: 0000000242
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 32 COLONIAL HILLS SUB

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000107

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-21-204-025
  • Lot: 32
  • Meridian: SEC 21 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5293
  • Longitude: -88.9911

    Address

  • Full Address: 1502 Aurora Way
  • Address - House Number: 1502
  • Address - Street Name: Aurora
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Normal
  • Carrier Code: C060
  • 4-Digit Zip Code: 1204
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $289,936
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2167
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 70
  • Final Value: 139,624
  • High Value: 169,883
  • Low Value: 109,365

    Market Valuation

  • Market Total Value: $114,828
  • Market Land Value: $21,936
  • Market Improvement Value: $92,892

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,276
  • Assessed Land Value: $7,312
  • Assessed Improvements Value: $30,964

    Sales

  • Current Sale Contract Date: Jul 28, 2021
  • Current Sale Recording Date: Aug 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00018675
  • Previous Sale Recording Date: May 28, 2015
  • Previous Sale Contract Date: Apr 16, 2015
  • Previous Sale Amount: $85,000
  • 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

2149 ft²

Average Home Age

40.7 years

Currently For Sale

42 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: Cindy Eckols, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11133379
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 1502 Aurora Way built and last sold?
The property at 1502 Aurora Way was built in 1960 and last sold on Jul 28, 2021 for $122,000.
How much is this home worth?
The estimated value of the home located at 1502 Aurora Way is $0.
What are some comparable homes to 1502 Aurora Way?
There are currently no comparable homes to 1502 Aurora Way.
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