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Normal 61761
216 Keiser Avenue
$148,000
● House - Off Market

216 Keiser Avenue

Normal, IL 61761
bedrooms
2 Beds
bathrooms
2 Baths
square feet
861 Ft²
$179,028
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Adorable 3 bedroom 2 bath bungalow in established neighborhood. Updated kitchen, flooring and full basement remodel make this home move in ready! Home has 2 bedrooms with full bath on main level.  Third bedroom with egress window, full bath with jacuzzi tub and family room on lower level. A fenced back yard and detached 2 car garage round out this home. Don't let this gem get by and  schedule your showing today!
Unit Size
861 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$180
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1950

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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 #11088683)

Price History

Date / Event Date Event Price
Jul 19, 2021 Sold
Premium
Sold
May 14, 2021 Listed by RE/MAX Rising $154,900
Listed by RE/MAX Rising

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • 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: 861
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,452
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,722
  • Building Area: 861
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 861
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEISER HEIGHTS
  • Land Acres: 0000000125
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: KEISER HEIGHTS ADD LOT 37 & 40 BLK 2

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-29-427-011
  • Block: 2
  • Lot: 37,40
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5084
  • Longitude: -89.005

    Address

  • Full Address: 216 Keiser Ave
  • Address - House Number: 216
  • Address - Street Name: Keiser
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C049
  • 4-Digit Zip Code: 2813
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $301,372
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.206
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 163,572
  • High Value: 197,272
  • Low Value: 129,871

    Market Valuation

  • Market Total Value: $118,647
  • Market Land Value: $22,254
  • Market Improvement Value: $96,393

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,549
  • Assessed Land Value: $7,418
  • Assessed Improvements Value: $32,131

    Sales

  • Current Sale Contract Date: Jul 13, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00017969
  • Previous Sale Recording Date: Sep 09, 2009
  • Previous Sale Contract Date: Sep 03, 2009
  • Previous Sale Amount: $135,000
  • 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

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2057 ft²

Average Home Age

41.8 years

Currently For Sale

40 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: Tim Tyler, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11088683
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 216 Keiser Avenue built and last sold?
The property at 216 Keiser Avenue was built in 1950 and last sold on Jul 13, 2021 for $148,000.
How much is this home worth?
The estimated value of the home located at 216 Keiser Avenue is $153,698.
What are some comparable homes to 216 Keiser Avenue?
There are currently no comparable homes to 216 Keiser Avenue.
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