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Normal 61761
305 Belview Avenue
$205,000
● House - Off Market

305 Belview Avenue

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,430 Ft²
$1,321
Est. Monthly
5.83%
Cap Rate

About This Property

Welcome home to this cheerful brick ranch! Come make this well cared for beauty your own! Conveniently located just off of School St with easy access to several main roads for easy access around town! Super close to Fairview Elementary and Calvary. Stunning kitchen with plenty of space to work, gorgeous cabinets, and stainless steel appliances. Huge family room in the basement can be used for crafts, games, workout room, movie room or what ever you can imagine! Fully fenced back yard with spacious patio for your grill and lawn furntiure. Home is being sold as-is. Seller will offer a home warranty.
Unit Size
2,430 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$84
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1960

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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 #12008110)

Price History

Date / Event Date Event Price
Jul 2, 2024 Sold
Premium
Sold
Mar 20, 2024 Listed by Vesta Real Estate LLC $204,900
Listed by Vesta Real Estate LLC

Property Highlights

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: 1
  • 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: 8
  • Basement Area: 1,215
  • Garage Type: 7
  • Garage Square Area: 405
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,430
  • Building Area: 1,215
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,215
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD BELVIEW
  • Land Acres: 0000000193
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 75 FIRST ADD TO BELVIEW ADD

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-21-256-002
  • Lot: 75
  • Meridian: SEC 21 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.526
  • Longitude: -88.9908

    Address

  • Full Address: 305 Belview Ave
  • Address - House Number: 305
  • Address - Street Name: Belview
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C041
  • 4-Digit Zip Code: 1211
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $377,304
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 192,740
  • High Value: 229,778
  • Low Value: 155,702

    Market Valuation

  • Market Total Value: $144,006
  • Market Land Value: $29,400
  • Market Improvement Value: $114,606

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,002
  • Assessed Land Value: $9,800
  • Assessed Improvements Value: $38,202

    Sales

  • Current Sale Contract Date: Sep 29, 2008
  • Current Sale Recording Date: Oct 06, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008-00026595
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

Rentals Near You

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MRED

Listed by: Marti Ryan, Vesta Real Estate LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12008110
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 305 Belview Avenue built and last sold?
The property at 305 Belview Avenue was built in 1960 and last sold on Sep 29, 2008 for $152,000.
How much is this home worth?
The estimated value of the home located at 305 Belview Avenue is $0.
What are some comparable homes to 305 Belview Avenue?
There are currently no comparable homes to 305 Belview Avenue.
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