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Normal 61761
700 N Walnut Street
$181,100
● House - Off Market

700 N Walnut Street

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,044 Ft²
$171,217
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Beautiful 1.5 Story 3 Bed, 2 Full Bath with huge 2+ garage sitting beautiful on a large corner lot with mature trees.  2 beds on main floor and 3rd bed with extra room upstairs.  Lower level has family room and additional area great for office or flex space.  Main level boasts laminate throughout and newer SS appliances all stay with home.  Roof 2020, All new HVAC 2019, Frig, W/D 2021.  26'X 28' garage with 2 additional bump outs, has gas line and 220 volt power ready to go.  Hang out on the 28' Patio in your fenced yard that is across form the city park.
Unit Size
1,044 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$163
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1946

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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 #11745004)

Price History

Date / Event Date Event Price
May 4, 2023 Sold
Premium
Sold
Mar 24, 2023 Listed by RE/MAX Choice $169,900
Listed by RE/MAX Choice

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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 Count: 150
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 783
  • Garage Type: 7
  • Garage Square Area: 888
  • 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: 2,036
  • Building Area: 1,253
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,253
  • 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 S 1/2 LOT 5 & 6 BLK 10

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-27-107-006
  • Block: 10
  • Lot: 5,6
  • Meridian: SEC 27 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5161
  • Longitude: -88.9798

    Address

  • Full Address: 700 N Walnut St
  • Address - House Number: 700
  • Street Direction: N
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Normal
  • Carrier Code: C042
  • 4-Digit Zip Code: 1753
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $362,806
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2167
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 70
  • Final Value: 194,422
  • High Value: 236,557
  • Low Value: 152,287

    Market Valuation

  • Market Total Value: $139,164
  • Market Land Value: $30,267
  • Market Improvement Value: $108,897

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,388
  • Assessed Land Value: $10,089
  • Assessed Improvements Value: $36,299

    Sales

  • Current Sale Contract Date: Apr 14, 2023
  • Current Sale Recording Date: May 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5769
  • Previous Sale Recording Date: Aug 02, 2016
  • Previous Sale Contract Date: Jul 28, 2016
  • Previous Sale Amount: $123,000
  • 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

2099 ft²

Average Home Age

42.6 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: Cindy Eckols, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11745004
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 700 North Walnut Street built and last sold?
The property at 700 North Walnut Street was built in 1946 and last sold on Apr 14, 2023 for $181,500.
How much is this home worth?
The estimated value of the home located at 700 North Walnut Street is $0.
What are some comparable homes to 700 North Walnut Street?
There are currently no comparable homes to 700 North Walnut Street.
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