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Normal 61761
310 Margaret Avenue
$230,000
● House - Off Market

310 Margaret Avenue

Normal, IL 61761
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,742 Ft²
$1,635
Est. Monthly
11.97%
Cap Rate

About This Property

Wonderful 4 Bedroom, 2 1/2 Bath Quad-Level home. New flooring in the living room, dining room, kitchen, upstairs hall and stairway up to the bedrooms and down to the family room. Enjoy evenings in the 13 x 14 three seasons room. Beautiful original hardwood floors in each of the four bedrooms.  Primary bedroom with private full bath.  Family room on lower level includes expansive wall of built in cabinets.  Workbench in basement will stay.  An abundance of storage on every floor!  This home includes the safety of a  11 x 9 storm shelter with concrete roof and three built in bunk beds.  All appliances stay including washer and dryer, which also has a convenient laundry chute!  Oversized 24x26 garage. Convenient location close to schools, amenities and ISU.
Unit Size
1,742 Ft²
Days on Market
-
Land Size
-
Price per sqft
$138
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1959

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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: 2 years ago (MRED MLS #12201491)

Price History

Date / Event Date Event Price
Feb 28, 2025 Sold
Premium
Sold
Jan 24, 2025 In contract -
In contract
Oct 31, 2024 Listed by Coldwell Banker Real Estate Group $240,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,484
  • Garage Type: 7
  • Garage Square Area: 700
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,200
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,966
  • Building Area: 1,482
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,482
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKDALE HEIGHTS
  • Land Acres: 0000000235
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: OAKDALE HEIGHTS SUB S30 LOT 25 & N45 LOT 26

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-29-431-006
  • Lot: 25,26
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5065
  • Longitude: -89.0048

    Address

  • Full Address: 310 Margaret Ave
  • Address - House Number: 310
  • Address - Street Name: Margaret
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C049
  • 4-Digit Zip Code: 2815
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $513,280
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 230,202
  • High Value: 274,401
  • Low Value: 186,003

    Market Valuation

  • Market Total Value: $189,417
  • Market Land Value: $32,748
  • Market Improvement Value: $156,669

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,139
  • Assessed Land Value: $10,916
  • Assessed Improvements Value: $52,223

    Sales

  • Current Sale Contract Date: Oct 05, 2016
  • Current Sale Recording Date: Oct 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19435

    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

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2112 ft²

Average Home Age

40.1 years

Currently For Sale

43 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: Karen Wilson, Coldwell Banker Real Estate Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12201491
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 310 Margaret Avenue built and last sold?
The property at 310 Margaret Avenue was built in 1959 and last sold on Oct 5, 2016 for $150,000.
How much is this home worth?
The estimated value of the home located at 310 Margaret Avenue is $241,540.
What are some comparable homes to 310 Margaret Avenue?
There are currently no comparable homes to 310 Margaret Avenue.
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