NOT LISTED FOR SALE

406 Dewey Ave Normal, IL 61761

Innovation District Neighborhood

Estimated Value: $541,000 - $825,932

31 Beds
-- Bath
6,800 Sq Ft
$101/Sq Ft Est. Value

Sale Details

Date Sold: March 5, 2019

Last sale price $485,000 $71 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,966 / mo

86 Days on Market

Highlights

  • Furnished
  • Laundry Room
  • Baseboard Heating

About This Home

As of March 2019

Great location, close to ISU. Lots of updates throughout. New entrance doors all units in 2016; New roof and partial sidings in 2016; Repaired parking lot 2017; New exterior lighting 2017; New exterior stairs one in 2017 and the one in 2018; Improved laundry room with lock 2017; New mail box 2017; Renovated units 1,2,3 in 2017. Detailed information and the rent roll will be available upon request.

Last Agent to Sell the Property

Liliana Taimoorazi

Coldwell Banker Real Estate Group License #475128149 Listed on: 10/25/2018

Coldwell Banker Real Estate Group

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,542

Year Built

  • Built in 1990

Lot Details

  • Lot Dimensions are 155x130

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 6,800 Sq Ft Home
  • Furnished
  • Laundry Room

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $12,542
  • Insurance Expense $5,094
  • Maintenance Expense $7,268
  • Manager Expense $6,067
  • Other Expense $1,164
  • Water Sewer Expense $4,558
  • Operating Expense $49,910
  • Gross Income $104,750
  • Net Operating Income $54,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,542

Year Built

Built in 1990

Lot Details

0.44 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Year Built: 1990
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Other,None
  • Misc Inside: Furnished Units Available,Laundry Room

Exterior Features

  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Baseboard,Electric

Condo/Co-op/Association

  • Manager Expense: 6067
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 4558

Lot Info

  • Lot Dimensions: 155X130

Rental Info

  • Tenant Pays: Other
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 6800

Multi Family

  • Net Operating Income: 54840
  • Insurance Expense: 5094
  • ElectricExpense: 12542
  • GrossIncome: 104750
  • Maintenance Expense: 7268
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 49910
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 12542
  • Tax Year: 17

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2018
Closed on
Mar 5, 2019
Sold by
Bought by
Seller's Agent
Liliana Taimoorazi
Coldwell Banker Real Estate Group
Buyer's Agent
Non Member
NON MEMBER
List Price
$549,900
Sold Price
$485,000
Premium/Discount to List
-$64,900
-11.8%
Current Estimated Value
$683,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,466
Avg. Annual Appreciation
4.81%
Original Mortgage
$412,250
Outstanding Balance
$165,258
Interest Rate
4.4%
Estimated Equity
$518,208

Purchase Details

Closed on
Feb 1, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 2010
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$485,000 Attorney
$390,000 None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $412,250
Previous Owner $312,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/05/2019 03/05/19 Sold $485,000 -11.8% $71 / Sq Ft
01/19/2019 01/19/19 Pending -- -- --
10/25/2018 10/25/18 For Sale $549,900 -- $81 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $15,294 $205,572 $36,730 $168,842
2024 $13,687 $188,356 $33,654 $154,702
2022 $13,687 $152,369 $27,224 $125,145
2021 $13,221 $143,757 $25,685 $118,072
2020 $13,147 $142,263 $25,418 $116,845
2019 $12,702 $141,498 $25,281 $116,217
2018 $12,562 $140,000 $25,013 $114,987
2017 $12,114 $140,000 $25,013 $114,987
2016 $11,982 $140,000 $25,013 $114,987
2015 $13,168 $154,436 $24,427 $130,009
2014 $13,005 $154,436 $24,427 $130,009
2013 -- $154,436 $24,427 $130,009
Source: Public Records

Agents Affiliated with this Home

  • Liliana Taimoorazi

    Seller's Agent in 2019

    Liliana Taimoorazi

    Coldwell Banker Real Estate Group

    (309) 826-5559

    2 in this area

    266 Total Sales

    Liliana Taimoorazi
    Section Image

  • N

    Buyer's Agent in 2019

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10248192

Midwest Real Estate Data (MRED)

APN: 14-27-304-012

Illinois Mclean County Normal 61761 Innovation District

406 Dewey Ave, Normal, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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