NOT LISTED FOR SALE

502 N Walnut St Normal, IL 61761

Innovation District Neighborhood

Estimated Value: $125,000 - $150,966

2 Beds
1 Bath
802 Sq Ft
$170/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $71,500 $89 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $966/month

11 Days on Market

Highlights

  • Ranch Style House
  • Attached Garage
  • Patio
  • Fenced Yard
  • Built-In Features
  • 1-minute walk to Fell Park

About This Home

As of April 2020

Spacious ranch home with partially finished basement with family room , extra deep 1 car heated garage and fenced yard .Owner of record is Secretary of Veterans Affairs . VA recommends buyer purchase title insurance . This property may qualify for Seller Financing ( Vendee). Property was built before 1978 and Lead based paint could potentially exist.

Last Agent to Sell the Property

Alan Birlingmair

BHHS Central Illinois, REALTORS License #475132457 Listed on: 01/23/2020

BHHS Central Illinois, REALTORS

Last Buyer's Agent

Corey Leach

RE/MAX Rising License #475160068

RE/MAX Rising

Home Details

Home Type

  • Single Family

Year Built

  • 1952

Lot Details

  • 4,356

Parking

  • Attached Garage
  • Heated Garage
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Bathroom on Main Level
  • Built-In Features
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Patio
  • Fenced Yard

Home Details

Home Type

Single Family

Year Built

1952

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 61-70 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Total Sq Ft: 802
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1952
  • Total Sq Ft: 1604
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1952

Interior Features

  • Interior Property Features: 1st Floor Full Bath, Built-in Features
  • Number Of Rooms: 5
  • Living Room: Dimensions: 13X16, On Level: Main Level, Flooring: Hardwood
  • Basement: Full
  • Basement: Partially Finished
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 11X17, On Level: Basement
  • Kitchen Type: Dimensions: 12X14, On Level: Main Level, Flooring: Vinyl, Windows: All
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 12X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 10X12, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 802
  • Estimated Total Finished Sq Ft: 1066
  • Basement Sq Ft: 802
  • Basement Finished Sq Ft: 264
  • Main Level Sq Ft: 802
  • Family Room: Dimensions: 11X24, On Level: Basement, Flooring: Carpet

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Exterior Property Features: Patio
  • Acreage: 0.1

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Forced Air, Gas

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • Junior High Dist: 5

Lot Info

  • Lot Dimensions: 66X66
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 1427115003
  • BNAR Zoning: R1B
  • Zero Lot Line: No

Tax Info

  • Taxes: 2119.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
May 13, 2020
Sold by
Moeller David
Bought by
Bugg Todd E and Mclean County Land Trust No Dm
Seller's Agent
Alan Birlingmair
BHHS Central Illinois, REALTORS
Buyer's Agent
Corey Leach
RE/MAX Rising
List Price
$72,500
Sold Price
$71,500
Premium/Discount to List
-$1,000
-1.38%
Current Estimated Value
$136,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,992
Avg. Annual Appreciation
12.06%
Original Mortgage
$57,000
Outstanding Balance
$50,399
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$86,093

Purchase Details

Listed on
Jan 23, 2020
Closed on
Apr 17, 2020
Sold by
Secretary Of Veterans Affairs
Bought by
Moeller David
Seller's Agent
Alan Birlingmair
BHHS Central Illinois, REALTORS
Buyer's Agent
Corey Leach
RE/MAX Rising
List Price
$72,500
Sold Price
$71,500
Premium/Discount to List
-$1,000
-1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Outstanding Balance
$50,399
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$86,093

Purchase Details

Closed on
Dec 4, 2019
Sold by
Usaa Federal Savings Bank
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Nov 18, 2019
Sold by
Campbell Mark and Campbell Jennifer
Bought by
Usaa Federal Savings Bank
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
Bugg Todd E -- Ftc
Moeller David -- None Available
Secretary Of Veterans Affairs -- Attorney
Usaa Federal Savings Bank -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bugg Todd E $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/24/2020 04/24/20 Sold $71,500 -1.4% $89 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $72,500 -25.6% $90 / Sq Ft
08/13/2014 08/13/14 Sold $97,500 -2.4% $122 / Sq Ft View Prior Sale
06/13/2014 06/13/14 Pending -- -- --
06/04/2014 06/04/14 For Sale $99,900 -- $125 / Sq Ft
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 $3,012 $41,446 $5,817 $35,629
2022 $3,012 $33,528 $4,706 $28,822
2021 $2,909 $31,633 $4,440 $27,193
2020 $2,782 $30,100 $4,225 $25,875
2019 $2,149 $29,938 $4,202 $25,736
2018 $2,120 $29,622 $4,158 $25,464
2017 $1,974 $29,622 $4,158 $25,464
2016 $1,952 $29,622 $4,158 $25,464
2015 $1,887 $28,928 $4,061 $24,867
2014 $1,864 $28,928 $4,061 $24,867
2013 -- $27,408 $4,061 $23,347
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alan Birlingmair

    BHHS Central Illinois, REALTORS

    (309) 242-1644

    78 Total Sales

    Alan Birlingmair
    Section Image
  • Corey Leach

    Buyer's Agent in 2020

    Corey Leach

    RE/MAX

    (309) 750-3005

    2 in this area

    192 Total Sales

    Corey Leach
    Section Image

  • J

    Seller's Agent in 2014

    Joe Lane

    Coldwell Banker Real Estate Group

    Section Image

  • B

    Seller Co-Listing Agent in 2014

    BNAR Conversion Agent

    BNAR Conversion Office

  • Noelle Burns

    Buyer's Agent in 2014

    Noelle Burns

    RE/MAX

    (309) 830-2404

    218 Total Sales

    Noelle Burns
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10618101

Midwest Real Estate Data (MRED)

APN: 14-27-115-003

Illinois Mclean County Normal 61761 Innovation District

502 N Walnut St, Normal, IL

Not Listed for Sale

Detached

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