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Normal 61761
322 N Towanda Avenue
$132,000
● House - Off Market

322 N Towanda Avenue

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,920 Ft²
$157,563
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Very nice 3 bedroom 1.5 bath fully finished, large fenced back yard, double tier deck refinished in 2018 and a 1 car garage with extra spot to park. Plenty of kitchen cabinets, refrigerator and dishwasher 2020.  Many rooms freshly painted, furnace, central air and water heater all replaced in 2020 making this home move in ready.  Great room on main floor and lower level is a great option for more family time and an office for working at home.
Unit Size
1,920 Ft²
Days on Market
-
Land Size
-
Price per sqft
$73
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1975

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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 #11171796)

Price History

Date / Event Date Event Price
Oct 14, 2021 Sold
Premium
Sold
Aug 11, 2021 Listed by RE/MAX Rising $140,000
Listed by RE/MAX Rising

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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 Cover: 0
  • Basement Type: 8
  • Basement Area: 936
  • Garage Type: 7
  • Garage Square Area: 312
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,948
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 630
  • Total Building Area: 1,902
  • Building Area: 966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 966
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY HILLS
  • Land Acres: 0000000160
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 4TH ADD HOLIDAY HILLS LOT 2

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-26-105-003
  • Lot: 2
  • Meridian: SEC 26 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5171
  • Longitude: -88.9605

    Address

  • Full Address: 322 N Towanda Ave
  • Address - House Number: 322
  • Street Direction: N
  • Address - Street Name: Towanda
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: R029
  • 4-Digit Zip Code: 1903
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $406,356
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 174,033
  • High Value: 207,447
  • Low Value: 140,618

    Market Valuation

  • Market Total Value: $135,708
  • Market Land Value: $27,195
  • Market Improvement Value: $108,513

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,236
  • Assessed Land Value: $9,065
  • Assessed Improvements Value: $36,171

    Sales

  • Current Sale Contract Date: Oct 14, 2021
  • Current Sale Recording Date: Oct 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00025479
  • Previous Sale Recording Date: Mar 13, 2013
  • Previous Sale Contract Date: Jul 19, 2012
  • Previous Sale Amount: $105,500
  • 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

2195 ft²

Average Home Age

42.3 years

Currently For Sale

44 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: Janet Jurich, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11171796
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 322 North Towanda Avenue built and last sold?
The property at 322 North Towanda Avenue was built in 1975 and last sold on Oct 14, 2021 for $132,000.
How much is this home worth?
The estimated value of the home located at 322 North Towanda Avenue is $0.
What are some comparable homes to 322 North Towanda Avenue?
There are currently no comparable homes to 322 North Towanda Avenue.
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