Seller's Agent in 2016
Sue Tretter
RE/MAX
(309) 287-7962
2 in this area
84 Total Sales
505 E Cypress St Normal, IL 61761
Innovation District NeighborhoodEstimated Value: $228,000 - $290,009
7
Beds
4
Baths
--
Sq Ft
9,453
Sq Ft Lot
Highlights
- Mature Trees
- Forced Air Heating System
- 4-minute walk to Fell Park
About This Home
As of June 20164-plex in convenient North Normal location - Great Investment Opportunity. 3 - 2 bedroom units, 1 - 1 bedroom. Each unit has a washer/dryer hook-up in basement and storage. Each unit has 1 space in Private Garage parking. Major capital improvements within the last 5 years: roof (2015), windows (2015), exterior doors (2015), furnace (2012), 3 of 4 water heaters newer. Tenant pays water, gas and electric. Owner pays electric for common areas. Snow removal, garbage and lawn care paid by owner. All units rented.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,135
Year Built
- Built in 1968
Lot Details
- Lot Dimensions are 71 x 132
- Mature Trees
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Partial Basement
Parking
- 4 Parking Spaces
- Uncovered Parking
Schools
- Glenn Elementary School
- Kingsley Jr High Middle School
- Normal Community West High Schoo
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Building Details
- Maintenance Expense $795
- Manager Expense $2,295
- Gross Income $25,325
- Net Operating Income $14,857
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 27, 2019
Sold by
B & B Property Group Llc
Bought by
Maple Hill Properties Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
3.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Apr 4, 2016
Closed on
Jun 13, 2016
Sold by
Darting Kerry R
Bought by
B And B Property Group Llc
Seller's Agent
Sue Tretter
RE/MAX Rising
Buyer's Agent
Bryan Dillow
eXp Realty, LLC
List Price
$210,000
Sold Price
$190,000
Premium/Discount to List
-$20,000
-9.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.28%
Original Mortgage
$160,000
Interest Rate
3.58%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 7, 2011
Sold by
Brouillette Robert C and Brouillette Donna M
Bought by
Darting Kerry R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,771
Interest Rate
4.75%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Maple Hill Properties Llc | $172,000 | Frontier Title | |
| B And B Property Group Llc | $190,000 | Alliance Land Title | |
| Darting Kerry R | $186,500 | Alliance Land Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Maple Hill Properties Llc | $137,600 | |
| Previous Owner | B And B Property Group Llc | $160,000 | |
| Previous Owner | Darting Kerry R | $181,771 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/14/2016 06/14/16 | Sold | $190,000 | -9.5% | -- |
| 04/29/2016 04/29/16 | Pending | -- | -- | -- |
| 04/04/2016 04/04/16 | For Sale | $210,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,516 | $75,907 | $16,823 | $59,084 |
| 2022 | $5,516 | $61,405 | $13,609 | $47,796 |
| 2021 | $5,328 | $57,935 | $12,840 | $45,095 |
| 2020 | $5,298 | $57,333 | $12,707 | $44,626 |
| 2019 | $5,665 | $63,105 | $12,639 | $50,466 |
| 2018 | $5,602 | $62,437 | $12,505 | $49,932 |
| 2017 | $5,403 | $62,437 | $12,505 | $49,932 |
| 2016 | $5,344 | $62,437 | $12,505 | $49,932 |
| 2015 | $5,199 | $60,974 | $12,212 | $48,762 |
| 2014 | $5,135 | $60,974 | $12,212 | $48,762 |
| 2013 | -- | $60,974 | $12,212 | $48,762 |
Source: Public Records
Agents Affiliated with this Home
-
Sue Tretter
-
Bryan Dillow
Buyer's Agent in 2016
Bryan Dillow
eXp Realty, LLC
(309) 531-8309
2 in this area
136 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10195353
APN: 14-27-116-003
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