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Normal 61761
503 Amherst Drive
$345,000
● House - Off Market

503 Amherst Drive

Normal, IL 61761
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,656 Ft²
$327,520
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

WHAT A WARM AND INVITING NEIGHBORHOOD! TUCKED AWAY IN WESTBROOK SUBDIVISION -CLOSE TO DA WEIBRING GOLF COURSE, SCHOOLS AND MANY PARKS! FEATURES LIKE,MAIN FLOOR LAUNDRY- JUST INSTALLED 4/23 NEW HARDWOOD FLOORING ON MAIN LEVEL IN LIVING,DINING AND KITCHEN, LARGE AND GENEROUS SIZED BEDROOMS,FULL, PARTIAL FINISHED LOWER LEVEL WITH WET BAR AND SPACE FOR LARGE GATHERINGS.ENJOY FAMILY TIMES SPENT IN THE OPEN FAMILY ROOM AND KITCHEN AREA ACROSS THE REAR OF THE HOME WITH TABLE SPACE FOR EATING AREA.THE OWNERS SUITE HAS 3 CLOSETS AND A PRIVATE SHOWER AREA WITH DOUBLE SINKS AND A SKYLIGHT. BEAUTIFUL FENCED BACKYARD WITH A PAVER PATIO AND A NATURAL LANDSCAPE BARRIER FOR PRIVACY. YOU WILL LOVE THIS COMMUNITY OF BEAUTIFUL HOMES AND NEIGHBORHOOD  PRIDE OF OWNERSHIP! MAKE IT A POINT TO SEE THIS ONE!!
Unit Size
3,656 Ft²
Days on Market
-
Land Size
-
Price per sqft
$89
Property Type
House
Property Taxes
$495
HOA Dues
-
Year Built
1986

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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 #11767670)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Apr 25, 2023 Listed by Coldwell Banker Real Estate Group $325,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 2
  • Total Rooms: 8
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 484
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,044
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 920
  • Total Building Area: 3,144
  • Building Area: 2,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,660
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD
  • Land Acres: 0000000231
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: FIRST ADDN TO WESTBROOK LOT 12

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000302

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-29-226-017
  • Lot: 12
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5159
  • Longitude: -89.0058

    Address

  • Full Address: 503 Amherst Dr
  • Address - House Number: 503
  • Address - Street Name: Amherst
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: C062
  • 4-Digit Zip Code: 2420
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $621,444
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.193
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 329,676
  • High Value: 393,316
  • Low Value: 266,035

    Market Valuation

  • Market Total Value: $240,540
  • Market Land Value: $46,389
  • Market Improvement Value: $194,151

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,180
  • Assessed Land Value: $15,463
  • Assessed Improvements Value: $64,717

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: Jun 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7190
  • Previous Sale Recording Date: Jul 17, 2009
  • Previous Sale Contract Date: Jul 14, 2009
  • Previous Sale Amount: $220,000
  • 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

43

Average Home Size

2174 ft²

Average Home Age

40.7 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

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MRED

Listed by: Barry Hammer, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11767670
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 503 Amherst Drive built and last sold?
The property at 503 Amherst Drive was built in 1986 and last sold on May 26, 2023 for $345,000.
How much is this home worth?
The estimated value of the home located at 503 Amherst Drive is $0.
What are some comparable homes to 503 Amherst Drive?
There are currently no comparable homes to 503 Amherst Drive.
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