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Normal 61761
707 Jersey Avenue
$95,000
● House - Off Market

707 Jersey Avenue

Normal, IL 61761
bedrooms
2 Beds
bathrooms
1 Bath
square feet
2,350 Ft²
$139,479
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Great opportunity to own this unique property in an established neighborhood on over 3/4 acre in Normal.  Conveniently located near schools, shopping, parks, recreation, and Constitution Trail.  Includes a 2 bedroom, 1 bath bungalow with some hardwood flooring & a Four Seasons porch, two car detached garage, and an outbuilding suitable for multiple purposes.  Great value, must see!
Unit Size
2,350 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$60
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1910

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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 #11894262)

Price History

Date / Event Date Event Price
Oct 31, 2023 Sold
Premium
Sold
Sep 28, 2023 Listed by Coldwell Banker Real Estate Group $140,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 191
  • Garage Type: 7
  • Garage Square Area: 1,628
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,941
  • Lot Size Depth Feet: 2,830
  • Lot Size Frontage Feet: 1,164
  • Total Building Area: 1,366
  • Building Area: 1,175
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,175
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TUTTLE & WATSONS SUB
  • Land Acres: 0000000700
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: SEC 34-24-2E TUTTLE & WATSONS SUB LOTS 11 THRU 13

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000501

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-34-179-076
  • Lot: 11-13
  • Municipality: NORMAL
  • Latitude: 40.4989
  • Longitude: -88.9723

    Address

  • Full Address: 707 Jersey Ave
  • Address - House Number: 707
  • Address - Street Name: Jersey
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C048
  • 4-Digit Zip Code: 3971
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $336,558
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 138,851
  • High Value: 151,351
  • Low Value: 126,351

    Market Valuation

  • Market Total Value: $130,398
  • Market Land Value: $50,868
  • Market Improvement Value: $79,530

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,466
  • Assessed Land Value: $16,956
  • Assessed Improvements Value: $26,510

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Nov 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15498
  • Previous Sale Recording Date: Apr 23, 2010
  • Previous Sale Contract Date: Apr 20, 2010
  • Previous Sale Amount: $85,000
  • 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

$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

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MRED

Listed by: Ed Larsen, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11894262
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 707 Jersey Avenue built and last sold?
The property at 707 Jersey Avenue was built in 1910 and last sold on Oct 31, 2023 for $95,000.
How much is this home worth?
The estimated value of the home located at 707 Jersey Avenue is $0.
What are some comparable homes to 707 Jersey Avenue?
There are currently no comparable homes to 707 Jersey Avenue.
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