505 Summit St
Normal, IL 61761
4 bd 2 ba 1,680 sqft Built 1965 Lot 8,400 sqft single_family
Most recent sale
$196,500
Aug 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 29, 2024 | Sold | $214,900 | MRED |
| Sep 16, 2024 | Listed | $214,900 | MRED |
| Aug 26, 2022 | Sold | $196,500 | MLS #11449665 |
| Jul 18, 2022 | Listed | $199,900 | MLS #11449665 |
| May 22, 2019 | Listing removed | $129,000 | MRED |
| Apr 10, 2019 | Relisted | $129,000 | MLS #10270821 |
| Apr 7, 2019 | Listing removed | $129,000 | MRED |
| Feb 12, 2019 | Listed | $129,000 | MLS #10270821 |
| Apr 19, 2018 | Sold | $128,000 | MLS #2160759 |
| Jul 21, 2016 | Sold | $128,000 | Public Record |
| Jun 3, 2016 | Price changed | $128,000 | MLS #2160759 |
| Apr 8, 2016 | Price changed | $125,000 | MLS #2160759 |
| Mar 2, 2016 | Listed | $129,900 | MLS #2160759 |
| Nov 20, 2007 | Sold | $141,500 | Public Record |
| Jan 1, 2001 | Sold | $111,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $36,614 | $10,822 | $47,436 | $3,546 |
| 2022 | $33,078 | $9,777 | $42,855 | $3,310 |
| 2021 | $31,209 | $9,224 | $40,433 | $3,166 |
| 2020 | $30,885 | $9,128 | $40,013 | $3,143 |
| 2019 | $30,719 | $9,079 | $39,798 | $3,034 |
| 2018 | $30,394 | $8,983 | $39,377 | $2,995 |
| 2017 | $30,394 | $8,983 | $39,377 | $2,888 |
| 2016 | $30,394 | $8,983 | $39,377 | $2,857 |
| 2015 | $29,682 | $8,772 | $38,454 | $2,767 |
| 2014 | $29,682 | $8,772 | $38,454 | $2,733 |
| 2013 | $29,682 | $8,772 | $38,454 | $2,716 |
| 2012 | $29,912 | $8,840 | $38,752 | $2,630 |
| 2010 | $30,392 | $8,982 | $39,374 | $2,616 |
| 2009 | $30,392 | $8,982 | $39,374 | $2,567 |
| 2008 | $29,361 | $8,677 | $38,038 | $2,452 |
Property facts
Year built
1965
Property type
single_family
Stories
—
Beds
4
Baths
2
Living area
1,680 sqft
Lot size
8,400 sqft
ZIP code
61761
City
Normal
Street
Summit St
Coordinates
40.52259, -88.97852
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,179
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Summit St last sell?
505 Summit St most recently sold on Aug 26, 2022 for $196,500.
What is the current tax assessment for 505 Summit St?
The most recent total assessment for 505 Summit St (year 2023) is $47,436 with $3,546 in property tax.
How does 505 Summit St's assessment compare to its last sale price?
The current assessment is 75.9% below the last sale price of $196,500.
When was 505 Summit St built?
505 Summit St was built in 1965.
How does 505 Summit St compare to others on Summit St?
We track 8 other properties on Summit St. Browse the list under "Other properties on Summit St" to compare beds, baths, and sale history.
What are the property facts for 505 Summit St?
505 Summit St is a 4 bed, 2 bath, 1,680 sqft, 8,400 sqft lot single_family.
Is 505 Summit St a flip candidate?
No — 505 Summit St does not appear in our flips dataset.
Is 505 Summit St a tax-appeal candidate?
No — 505 Summit St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.4%
Implied 1-yr
-9.7%
2026 Q3
$249.1K
2026 Q4
$241.9K
ZIP 61761 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit St