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Normal 61761
501 Pine Street
$135,500
● House - Off Market

501 Pine Street

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,128 Ft²
$167,745
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Adorable & trendy ranch with large corner lot, fenced yard & mature trees!  3 bedroom, 2 bath ranch, full unfinished basement with lots of potential.  Nice sized eat-in kitchen with newer SS appliances.  Lots of updates!  New Roof (16), New Amana HVAC (16), Vinyl siding (17), All windows newer except bay window & bathrm, Main bath remodel (20) w/vinyl tile, new vanity, fixtures.  Current owners also added a wooden privacy fence (19), LVP flooring in part of main level, new exterior door to garage (21), and did lots of painting! Potential 4th BR in basement.  This one will go fast!
Unit Size
1,128 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$120
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1955

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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 #10970165)

Price History

Date / Event Date Event Price
Mar 15, 2021 Sold
Premium
Sold
Jan 13, 2021 Listed by Keller Williams Revolution $134,900
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,128
  • Garage Type: 7
  • Garage Square Area: 262
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,795
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,256
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD
  • Land Acres: 0000000202
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: FIRST ADD TO NORMAL LOT 4 BLK 1

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000106

Zoning

  • Zoning: B-1

Geography

  • District: 30
  • Parcel: 14-27-104-001
  • Block: 1
  • Lot: 4
  • Meridian: SEC 27 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5175
  • Longitude: -88.9788

    Address

  • Full Address: 501 Pine St
  • Address - House Number: 501
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: IL
  • City Name: Normal
  • Carrier Code: C042
  • 4-Digit Zip Code: 1739
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $348,424
  • Tax Rate Code Area: 3042

    Appraisal Valuation

  • Standard Deviation: 0.2167
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 70
  • Final Value: 188,610
  • High Value: 229,485
  • Low Value: 147,735

    Market Valuation

  • Market Total Value: $134,361
  • Market Land Value: $30,267
  • Market Improvement Value: $104,094

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,787
  • Assessed Land Value: $10,089
  • Assessed Improvements Value: $34,698

    Sales

  • Current Sale Contract Date: Mar 15, 2021
  • Current Sale Recording Date: Mar 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00006979
  • Previous Sale Recording Date: Jan 31, 2018
  • Previous Sale Contract Date: Jan 26, 2018
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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

$121

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2130 ft²

Average Home Age

40 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: Amy Brown, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 10970165
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 501 Pine Street built and last sold?
The property at 501 Pine Street was built in 1955 and last sold on Mar 15, 2021 for $135,500.
How much is this home worth?
The estimated value of the home located at 501 Pine Street is $0.
What are some comparable homes to 501 Pine Street?
There are currently no comparable homes to 501 Pine Street.
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