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Normal 61761
505 Amherst Drive
$320,000
● House - Off Market

505 Amherst Drive

Normal, IL 61761
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,178 Ft²
$282,234
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Make yourself at home! Great location 1/2 block from ISU Golf Course, minutes to Rivian, ISU, Parks, Uptown Normal, and so much more. Master bath updated with custom tile shower. Remodeled 2nd floor laundry area, built in bookcases/storage, and generous master closets. Finished basement with egress window. Roof replaced 2015. AC & Sump-Pump replaced 2019. Laundry on 1st & 2nd Floor! Screened  porch and large composite deck make for a great outdoor space.
Unit Size
3,178 Ft²
Days on Market
-
Land Size
-
Price per sqft
$88
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1988

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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 #11386333)

Price History

Date / Event Date Event Price
Jun 10, 2022 Sold
Premium
Sold
Apr 27, 2022 Listed by Coldwell Banker Real Estate Group $279,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • 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: 378
  • Garage Type: 7
  • Garage Square Area: 884
  • Parking Space Count: 0
  • Patio Type: 11
  • 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: 3,178
  • Building Area: 2,800
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,800
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTBROOK SUB
  • Land Acres: 0000000231
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: FIRST ADDN TO WESTBROOK SUB LOT 11

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-29-226-016
  • Lot: 11
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5162
  • Longitude: -89.0058

    Address

  • Full Address: 505 Amherst Dr
  • Address - House Number: 505
  • 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: $612,534
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1841
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 323,405
  • High Value: 382,966
  • Low Value: 263,845

    Market Valuation

  • Market Total Value: $222,564
  • Market Land Value: $46,389
  • Market Improvement Value: $176,175

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,188
  • Assessed Land Value: $15,463
  • Assessed Improvements Value: $58,725

    Sales

  • Current Sale Contract Date: Jun 06, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10853
  • Previous Sale Recording Date: Jan 19, 2018
  • Previous Sale Contract Date: Jan 11, 2018
  • Previous Sale Amount: $204,500
  • 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

$121

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2149 ft²

Average Home Age

40.7 years

Currently For Sale

42 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: Phillip Hoffmann, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11386333
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 505 Amherst Drive built and last sold?
The property at 505 Amherst Drive was built in 1988 and last sold on Jun 6, 2022 for $320,000.
How much is this home worth?
The estimated value of the home located at 505 Amherst Drive is $0.
What are some comparable homes to 505 Amherst Drive?
There are currently no comparable homes to 505 Amherst Drive.
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