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Normal 61761
908 Kern Street
$150,000
● House - Off Market

908 Kern Street

Normal, IL 61761
bedrooms
2 Beds
bathrooms
1 Bath
square feet
800 Ft²
$920
Est. Monthly
6.15%
Cap Rate

About This Property

Cute as a button ranch with deep lot and oversized, detached two car garage! Updates throughout include: *NEW* 2024 flooring throughout, *NEW* 2019 garage door, *NEW* 2014 water heater, *NEW* 2016 furnace, *NEW* 2012 roof on house, *NEW* 2017 stove, *NEW* 2014 washer and dryer, *NEW* 2014 stove hood,  as well as double-pane replacement windows. This 2 bedroom home also features a whole house fan, attic storage, laundry on the main floor, and a great backyard to enjoy! Don't miss the chance to make this your property today! All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Unit Size
800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$175
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1952

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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 #12127246)

Price History

Date / Event Date Event Price
Sep 3, 2024 Sold
Premium
Sold
Aug 5, 2024 In contract -
In contract
Aug 1, 2024 Listed by Coldwell Banker Real Estate Group $139,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 800
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,596
  • Lot Size Depth Feet: 2,230
  • Lot Size Frontage Feet: 520
  • Total Building Area: 1,600
  • Building Area: 800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 800
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSR
  • Land Acres: 0000000271
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: SUB LOT 6 ASSR SUB NW W52 E158 S223 LOT 4

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000301

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-33-101-028
  • Lot: 6,4
  • Meridian: SEC 33 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5009
  • Longitude: -88.9999

    Address

  • Full Address: 908 Kern St
  • Address - House Number: 908
  • Address - Street Name: Kern
  • Address - Suffix Type: St
  • State: IL
  • City Name: Normal
  • Carrier Code: C043
  • 4-Digit Zip Code: 3410
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $264,630
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 124,719
  • High Value: 150,660
  • Low Value: 98,777

    Market Valuation

  • Market Total Value: $88,377
  • Market Land Value: $24,312
  • Market Improvement Value: $64,065

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,459
  • Assessed Land Value: $8,104
  • Assessed Improvements Value: $21,355

    Sales

  • Current Sale Contract Date: Mar 02, 2018
  • Current Sale Recording Date: Mar 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-00003622
  • Previous Sale Recording Date: Dec 05, 2014
  • Previous Sale Contract Date: Nov 26, 2014
  • Previous Sale Amount: $94,000
  • 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

43

Average Home Size

2057 ft²

Average Home Age

41.8 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

Rentals Near You

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MRED

Listed by: Kirsten Evans, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12127246
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 908 Kern Street built and last sold?
The property at 908 Kern Street was built in 1952 and last sold on Mar 2, 2018 for $90,500.
How much is this home worth?
The estimated value of the home located at 908 Kern Street is $138,946.
What are some comparable homes to 908 Kern Street?
There are currently no comparable homes to 908 Kern Street.
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