NOT LISTED FOR SALE

505 E Cypress St Normal, IL 61761

Innovation District Neighborhood

Estimated Value: $219,000 - $303,543

7 Beds
4 Baths
-- Sq Ft
9,453 Sq Ft Lot

Sale Details

Date Sold: June 14, 2016

Last sale price $190,000

Est. 39% increase in value since last sale

Current estimated payment $1,936 / mo

25 Days on Market

Highlights

  • Mature Trees
  • Forced Air Heating System
  • 4-minute walk to Fell Park

About This Home

As of June 2016

4-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.

Last Agent to Sell the Property

Sue Tretter

RE/MAX Rising License #475133184 Listed on: 04/04/2016

RE/MAX Rising

Last Buyer's Agent

Bryan Dillow

eXp Realty License #475138899

eXp Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,135

Year Built

Built in 1968

Lot Details

9,453 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: NOT APPLICABLE
  • Year Built: 1968
  • Age: 41-50 Years
  • Legal Description: 1ST ADD NORMAL W5' LOT 1 & ALL LOT 2 BLK 21
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Lot Features: Mature Trees
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

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

Condo/Co-op/Association

  • Manager Expense: 2295
  • Conversion YN: N

Fee Information

  • Other Expenses $: 10468

Schools

  • Elementary School: GLENN ELEMENTARY
  • High School: NORMAL COMMUNITY WEST HIGH SCHOO
  • Middle/Junior School: KINGSLEY JR HIGH

Lot Info

  • Lot Dimensions: 71 X 132

Rental Info

  • Board Number: 23
  • TenantPays: Gas

Multi Family

  • Net Operating Income: 14857
  • GrossIncome: 25325
  • Maintenance Expense: 795
  • Units in Building: 4
  • Type-Multi: 2 Story Unit/s,4 Flat

Tax Info

  • Tax Annual Amount: 5135
  • Tax Year: 14

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

Closed on
Nov 27, 2019
Sold by
Bought by
Current Estimated Value
$263,886

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
Bought by
Seller's Agent
Sue Tretter
RE/MAX Rising
Buyer's Agent
Bryan Dillow
eXp Realty
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
3.33%
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
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
$181,771
Interest Rate
4.75%
Mortgage Type
FHA
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
$172,000 Frontier Title
$190,000 Alliance Land Title
$186,500 Alliance Land Title
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
Closed $137,600
Previous Owner $160,000
Previous Owner $181,771
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
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

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 $6,163 $82,845 $18,361 $64,484
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

    Seller's Agent in 2016

    Sue Tretter

    RE/MAX

    (309) 287-7962

    2 in this area

    83 Total Sales

    Sue Tretter
    Section Image
  • Bryan Dillow

    Buyer's Agent in 2016

    Bryan Dillow

    eXp Realty

    (309) 531-8309

    1 in this area

    100 Total Sales

    Bryan Dillow
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10195353

Midwest Real Estate Data (MRED)

APN: 14-27-116-003

Illinois Mclean County Normal 61761 Innovation District

505 E Cypress St, 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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