NOT LISTED FOR SALE

1503 Hovey Ave Normal, IL 61761

Estimated Value: $177,048 - $256,000

4 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold February 25, 2020

Last sale price $110,000

Est. 90% increase in value since last sale

Current estimated payment $1,371/month

51 Days on Market

Highlights

  • Landscaped Professionally
  • Patio
  • Forced Air Heating System

About This Home

As of February 2020

Good investment opportunity. all units are occupied. Nice 2 bedroom 1 bath units in a good location, updated vinyl windows and tiled baths. 1501 and 1503 are being sold together. Listing price of $130,000 each. Unit 2 is leased through 12/20 Unit 1 is month to month. Tenants pay utilities.Please give 48 hours notice.

Last Agent to Sell the Property

Greg Girdler

BHHS Central Illinois, REALTORS License #475143663 Listed on: 12/13/2019

BHHS Central Illinois, REALTORS

Co-Listed By

Mark Bowers

BHHS Central Illinois, REALTORS License #471003510

Last Buyer's Agent

Cindy Eckols

RE/MAX Choice License #475130274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,100

Year Built

  • Built in 1972

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 90 x 150
  • Landscaped Professionally

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Outdoor Features

  • Patio

Schools

  • Oakdale Elementary School
  • Kingsley Jr High Middle School
  • Normal Community West High Schoo

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,100

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Crawl,None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio
  • Lot Features: Landscaped
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Elementary School: Oakdale Elementary
  • High School: Normal Community West High Schoo
  • Middle/Junior School: Kingsley Jr High

Lot Info

  • Lot Size Acres: 0.3
  • Lot Dimensions: 90 X 150
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Multi Family

  • GrossIncome: 16200
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 3099.98
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2020
Sold by
Light Enterprises Llc
Bought by
Neargarder Nicholas
Current Estimated Value
$208,512

Purchase Details

Listed on
Dec 13, 2019
Closed on
Feb 25, 2020
Sold by
Jsm Properties Llc
Bought by
Light Enterprise Llc
Seller's Agent
Greg Girdler
BHHS Central Illinois, REALTORS
Buyer's Agent
Cindy Eckols
RE/MAX Choice
List Price
$130,000
Sold Price
$110,000
Premium/Discount to List
-$20,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.53%

Purchase Details

Closed on
Mar 29, 2011
Sold by
Martin Jeff A and Martin Susan L
Bought by
Jsm Property Llc

Purchase Details

Closed on
Sep 9, 2010
Sold by
Harmison Tammie and Turbett Scott
Bought by
Martin Jeff and Martin Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.49%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Neargarder Nicholas -- None Available
Light Enterprise Llc $110,000 None Available
Jsm Property Llc -- None Available
Martin Jeff $100,000 Frontier Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Jeff $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2020 02/25/20 Sold $110,000 -15.4% --
02/02/2020 02/02/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $130,000 0.0% --
01/01/2020 01/01/20 Pending -- -- --
12/13/2019 12/13/19 For Sale $130,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,378 $46,481 $12,514 $33,967
2022 $3,378 $37,601 $10,123 $27,478
2021 $3,263 $35,476 $9,551 $25,925
2020 $3,244 $35,108 $9,452 $25,656
2019 $3,135 $34,919 $9,401 $25,518
2018 $3,100 $34,549 $9,301 $25,248
2017 $2,989 $34,549 $9,301 $25,248
2016 $2,957 $34,549 $9,301 $25,248
2015 $2,877 $33,739 $9,083 $24,656
2014 $2,841 $33,739 $9,083 $24,656
2013 -- $33,739 $9,083 $24,656
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10592068

Midwest Real Estate Data (MRED)

APN: 14-32-205-004