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Normal 61761
505 Warren Avenue
$195,000
● House - Off Market

505 Warren Avenue

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,259 Ft²
$1,313
Est. Monthly
13.57%
Cap Rate

About This Property

3 Bedroom 2 Full bath trilevel home with a convenient location near the interstate, ISU and much more. Walk into to an open concept kitchen, dining and living room configuration, with large windows letting in plenty of light.  From the dining area the patio sliding door leads to a generous backyard with a large storage shed.  From the living area you can take a short set of steps up to find 3 bedrooms and a full bath.  When you take the steps down you will find a generous family room with lots of windows for daylight.  Additionally you will find an additional full bath and a large laundry room with an additional exit to the backyard.   Priced to sell! Make an appointment today to view!
Unit Size
1,259 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$153
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1964

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Cover: 0
  • Basement Type: 8
  • Basement Area: 376
  • Garage Type: 7
  • Garage Square Area: 282
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 104
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,680
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 890
  • Total Building Area: 1,302
  • Building Area: 926
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 926
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHLAND SUB
  • Land Acres: 0000000245
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: THE NORTHLAND SUB LOT 25

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-21-176-001
  • Lot: 25
  • Meridian: SEC 21 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5283
  • Longitude: -88.9951

    Address

  • Full Address: 505 Warren Ave
  • Address - House Number: 505
  • Address - Street Name: Warren
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C041
  • 4-Digit Zip Code: 1245
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $374,384
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 131,519
  • High Value: 158,875
  • Low Value: 104,163

    Market Valuation

  • Market Total Value: $125,031
  • Market Land Value: $32,103
  • Market Improvement Value: $92,928

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,677
  • Assessed Land Value: $10,701
  • Assessed Improvements Value: $30,976

    Sales

  • Current Sale Contract Date: Aug 31, 2011
  • Current Sale Recording Date: Sep 09, 2011
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2011-00019893
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: Christina King, Brilliant Real Estate
Data Source: MRED, MLS# MRD12470029
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 Warren Avenue built and last sold?
The property at 505 Warren Avenue was built in 1964 and last sold on Aug 31, 2011 for $0.
How much is this home worth?
The estimated value of the home located at 505 Warren Avenue is $0.
What are some comparable homes to 505 Warren Avenue?
There are currently no comparable homes to 505 Warren Avenue.
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