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Normal 61761
1815 Johnson Drive
$175,000
● House - Off Market

1815 Johnson Drive

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,008 Ft²
$180,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Fantastic first-time buyer or investor opportunity!  Absolutely adorable ranch with finished basement, and a large yard that boasts what can only be described as the ultimate treehouse playground.  Excellent location, near everything that you could need.  All at an affordable price!  A few recent updates include: new roof in '13, new windows in '16, new kitchen appliances in '19, two new sump pumps in '22.  You have been watching the market...  Mediocre houses, at ridiculous prices, snapped up so quickly.  This is your chance...  A wonderful home, at a reasonable price.  Don't miss it - Call your agent TODAY, before it's gone!  Bring your best offer, win the day, and make this one YOUR new home!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$179
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1976

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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 #11908540)

Price History

Date / Event Date Event Price
Nov 28, 2023 Sold
Premium
Sold
Oct 13, 2023 Listed by Brilliant Real Estate $180,000
Listed by Brilliant Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,008
  • Garage Type: 7
  • Garage Square Area: 336
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,692
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 620
  • Total Building Area: 2,016
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 3RD ADD GREENBRIAR EAST
  • Land Acres: 0000000154
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 3RD ADD TO GREENBRIAR EAST LOT 235

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000504

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-23-477-023
  • Lot: 235
  • Meridian: SEC 23 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5205
  • Longitude: -88.9456

    Address

  • Full Address: 1815 Johnson Dr
  • Address - House Number: 1815
  • Address - Street Name: Johnson
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: R011
  • 4-Digit Zip Code: 2206
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $372,634
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 178,260
  • High Value: 194,307
  • Low Value: 162,212

    Market Valuation

  • Market Total Value: $142,446
  • Market Land Value: $30,144
  • Market Improvement Value: $112,302

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,482
  • Assessed Land Value: $10,048
  • Assessed Improvements Value: $37,434

    Sales

  • Current Sale Contract Date: Nov 27, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16325
  • Previous Sale Recording Date: Mar 04, 2013
  • Previous Sale Contract Date: Feb 28, 2013
  • Previous Sale Amount: $119,000
  • 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

2150 ft²

Average Home Age

38.8 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

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MRED

Listed by: Nicholas Butzirus, Brilliant Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11908540
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 1815 Johnson Drive built and last sold?
The property at 1815 Johnson Drive was built in 1976 and last sold on Nov 27, 2023 for $175,000.
How much is this home worth?
The estimated value of the home located at 1815 Johnson Drive is $0.
What are some comparable homes to 1815 Johnson Drive?
There are currently no comparable homes to 1815 Johnson Drive.
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