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407 Hovey Ave

Normal, IL 61761

2 bd 1 ba 1,030 sqft Built 1926 Lot 7,248 sqft single_family
Most recent sale
$146,000
Jul 27, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 27, 2022 Sold $146,000 MLS #11425822
Jun 9, 2022 Listed $140,000 MLS #11425822
Jan 6, 2020 Sold $104,000 MLS #10569522
May 11, 2010 Sold $105,000 MLS #2091725
Nov 6, 2009 Relisted $114,900 MLS #2091725
Nov 5, 2009 Listing removed $116,000 BloomingtonNormal
Nov 4, 2009 Sold $110,000 Public Record
Oct 18, 2009 Price changed $116,000 MLS #2091725
Sep 17, 2009 Price changed $115,800 MLS #2091725
Aug 12, 2009 Price changed $117,900 MLS #2091725
May 29, 2009 Listed $119,900 MLS #2091725
Apr 5, 2007 Sold $99,000 Public Record
Jan 1, 2004 Sold $78,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2023 $31,337 $10,007 $41,344 $3,025
2022 $28,311 $9,041 $37,352 $2,816
2021 $26,711 $8,530 $35,241 $2,689
2020 $26,433 $8,441 $34,874 $2,668
2019 $26,291 $8,396 $34,687 $2,575
2018 $26,013 $8,307 $34,320 $2,541
2017 $26,013 $8,307 $34,320 $2,450
2016 $26,013 $8,307 $34,320 $2,424
2015 $25,403 $8,112 $33,515 $2,858
2014 $25,403 $8,112 $33,515 $2,822
2013 $25,403 $8,112 $33,515 $2,805
2012 $25,600 $8,175 $33,775 $2,712
2010 $24,759 $7,906 $32,665 $2,560
2009 $24,759 $7,906 $32,665 $2,051
2008 $23,919 $7,638 $31,557 $1,963

Property facts

Year built
1926
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,030 sqft
Lot size
7,248 sqft
ZIP code
61761
City
Normal
Street
Hovey Ave
Coordinates
40.50221, -88.98879

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$876
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 407 Hovey Ave last sell?
407 Hovey Ave most recently sold on Jul 27, 2022 for $146,000.
What is the current tax assessment for 407 Hovey Ave?
The most recent total assessment for 407 Hovey Ave (year 2023) is $41,344 with $3,025 in property tax.
How does 407 Hovey Ave's assessment compare to its last sale price?
The current assessment is 71.7% below the last sale price of $146,000.
When was 407 Hovey Ave built?
407 Hovey Ave was built in 1926.
How does 407 Hovey Ave compare to others on Hovey Ave?
We track 8 other properties on Hovey Ave. Browse the list under "Other properties on Hovey Ave" to compare beds, baths, and sale history.
What are the property facts for 407 Hovey Ave?
407 Hovey Ave is a 2 bed, 1 bath, 1,030 sqft, 7,248 sqft lot single_family.
Is 407 Hovey Ave a flip candidate?
No — 407 Hovey Ave does not appear in our flips dataset.
Is 407 Hovey Ave a tax-appeal candidate?
No — 407 Hovey Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.4%
Implied 1-yr
+5.6%
2026 Q3
$280.9K
2026 Q4
$284.5K
ZIP 61761 — Median Price History + Forecast

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