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Normal 61761
5 University Court
$160,000
● House - Off Market

5 University Court

Normal, IL 61761
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,522 Ft²
$159,004
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Well maintained 2-story home . 4 bedrooms 2.5 baths. Beautiful updated Kitchen and Baths. Fresh paint. Large great room, 4 season's room, finished basement and TONS of storage, including walk-in closets! Lovely fenced yard with mature trees! Hardwood floors and built-ins! Large  One-car attached garage! All appliances stay.
Unit Size
2,522 Ft²
Days on Market
-
Land Size
-
Price per sqft
$63
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1941

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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 #11840107)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Jul 24, 2023 Listed by Coldwell Banker Real Estate Group $159,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 128
  • Garage Type: 7
  • Garage Square Area: 213
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,929
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,989
  • Building Area: 1,861
  • Building Area Measurement: L

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY COURT NORMAL
  • Land Acres: 0000000159
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: UNIVERSITY COURT NORMAL LOT 3

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-28-129-009
  • Lot: 3
  • Meridian: SEC 28 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5145
  • Longitude: -88.9936

    Address

  • Full Address: 5 University Ct
  • Address - House Number: 5
  • Address - Street Name: University
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Normal
  • Carrier Code: C062
  • 4-Digit Zip Code: 4400
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $470,548
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 154,293
  • High Value: 183,221
  • Low Value: 125,364

    Market Valuation

  • Market Total Value: $157,146
  • Market Land Value: $26,541
  • Market Improvement Value: $130,605

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,382
  • Assessed Land Value: $8,847
  • Assessed Improvements Value: $43,535

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Sep 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12156
  • Previous Sale Recording Date: Oct 17, 2014
  • Previous Sale Contract Date: Sep 30, 2014
  • Previous Sale Amount: $130,000
  • 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

42

Average Home Size

2214 ft²

Average Home Age

36.9 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

Currently no nearby rentals
MRED

Listed by: Deb Connor, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11840107
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 5 University Court built and last sold?
The property at 5 University Court was built in 1941 and last sold on Aug 31, 2023 for $160,000.
How much is this home worth?
The estimated value of the home located at 5 University Court is $168,736.
What are some comparable homes to 5 University Court?
There are currently no comparable homes to 5 University Court.
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