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Normal 61761
901 Timothy Court
$255,000
● House - Off Market

901 Timothy Court

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,464 Ft²
$1,562
Est. Monthly
4.66%
Cap Rate

About This Property

Beautifully updated ranch located on a quiet cul-de-sac and backing to spacious Anderson Park.  Attractive reclaimed wood feature wall in living room.  Wood laminate floors & freshly painted throughout. Bright kitchen with white cabinets, tile backsplash, new dishwasher, disposal, microwave and ample counter space.  Dining room with door out to the large deck.  New modern light fixtures in kitchen, dining room & living room.  Gorgeous bath remodel in 2023 includes large vanity with double sinks, beautiful subway tile tub surround...all brand new.  Three sunny bedrooms.  Finished basement includes a second full bath, huge rec/family room area, and additional finished space that could easily be made into dedicated office space or a 4th bedroom.  Large utility/laundry space.
Unit Size
2,464 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$103
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1964

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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 #11951077)

Price History

Date / Event Date Event Price
Feb 6, 2024 Sold
Premium
Sold
Dec 26, 2023 Listed by RE/MAX Suburban $255,000
Listed by RE/MAX Suburban

Property Highlights

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: 2
  • Partial Bathrooms: 2
  • 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: 1,232
  • Garage Type: 7
  • Garage Square Area: 520
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,579
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 510
  • Total Building Area: 2,464
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLEASANT HILL
  • Land Acres: 0000000392
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 2ND ADD PLEASANT HILL LOT 6

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-27-328-001
  • Lot: 6
  • Meridian: SEC 27 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5096
  • Longitude: -88.9744

    Address

  • Full Address: 901 Timothy Ct
  • Address - House Number: 901
  • Address - Street Name: Timothy
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Normal
  • Carrier Code: C055
  • 4-Digit Zip Code: 3159
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $371,304
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 209,387
  • High Value: 252,939
  • Low Value: 165,834

    Market Valuation

  • Market Total Value: $157,002
  • Market Land Value: $37,251
  • Market Improvement Value: $119,751

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,334
  • Assessed Land Value: $12,417
  • Assessed Improvements Value: $39,917

    Sales

  • Current Sale Contract Date: Feb 06, 2024
  • Current Sale Recording Date: Feb 14, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1887
  • Previous Sale Recording Date: Jul 26, 2010
  • Previous Sale Contract Date: Jul 15, 2010
  • Previous Sale Amount: $173,000
  • 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

2112 ft²

Average Home Age

40.1 years

Currently For Sale

43 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 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Katharine Berger, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11951077
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 901 Timothy Court built and last sold?
The property at 901 Timothy Court was built in 1964 and last sold on Feb 6, 2024 for $255,000.
How much is this home worth?
The estimated value of the home located at 901 Timothy Court is $0.
What are some comparable homes to 901 Timothy Court?
There are currently no comparable homes to 901 Timothy Court.
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