For Sale
505 W Summit Ave
Normal, IL, 61761 • 61761 • McLean County
$249,900
$101/sqft
Down payment assistance available
4Beds
3Baths
2,464Sqft
0.23 acLot
1961Built
Property DNA
Ranch Style
Built 1961 · 65 years of history
Fairview
61761
Outdoor Living
Patio · Porch
2 Fireplaces
Wood Burning · Gas Log · Living Room · Basement
2-Car Garage
Yes · Garage Owned · Attached · Garage
Premium Finishes
Walk-In Closet(s)
Hardwood Floors
Quality flooring throughout
Just Listed
Listed Apr 10, 2026
This home is getting attention
589 views · 39 saves
Market activity
Demand and pricing signals for this listing
589 views
People checking out this listing
39 saves
Buyers have saved this home
$101/sqft
Price per square foot
About this home
Single Family · Built 1961
Welcome to easy living in this well-located ranch with a fully finished walkout basement in the heart of BloNo! Just minutes from Illinois State University, this home puts you close to everything-local restaurants, shopping, parks, and quick access to the Constitution Trail. The main level offers a bright, functional layout with great natural light and comfortable everyday flow. Downstairs, the walkout basement adds valuable living space-perfect for a second living area, home office, or guest setup-with easy access to the backyard. Whether you're looking for proximity to campus, an investment opportunity, or just want to be close to all that Bloomington-Normal has to offer, this home delivers on location and versatility.
Standout features identified
Our analysis highlights great natural light, fully finished walkout basement, and bright functional layout as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,633/month
Principal & Interest$1,300
Property Tax$250
Insurance$83
Down payment20% ($49,980)
3%50%
Est. 6.77% rate · 30yr fixed · $199,920 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1961
HeatingForced Air
CoolingCentral Air
Parking2 Attached Garage spaces
Lot10,001 sqft
Days on Zillow0
Price/sqft$101
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleRanch
Year built1961
Stories1
Systems
HeatingForced Air
CoolingCentral Air
RoofAsphalt
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingYes, Garage Owned, Attached, Garage
Garage2 spaces
BasementPartially Finished,Full,Walk-Out Access
Fireplaces2
Lot10,001 sqft
Location & Tax
Neighborhood61761
Annual tax$4,869
Parcel1421328003
Bathrooms & Fees
Full baths3
Features & details
10 categories of property features
Interior Features
Interior
1st Floor Bedroom
Built-in Features
Walk-In Closet(s)
Appliances
Range
Dishwasher
Refrigerator
Washer
Dryer
Flooring
Hardwood
Heating
Forced Air
Cooling
Central Air
Fireplace
Wood Burning
Gas Log
Living Room
Basement
Accessibility
No Disability Access
Exterior Features
Parking
Yes
Garage Owned
Attached
Garage
Construction
Brick
Patio & Porch
Patio
Porch
Room details
19 rooms detailed
Master Bedroom
Main11×16 ft176 sqft
Flooring (Hardwood)Bathroom (Full)
Bedroom2
Main12×10 ft120 sqft
Flooring (Carpet)
Bedroom3
Main12×10 ft120 sqft
Flooring (Carpet)
Bedroom4
Basement13×10 ft130 sqft
Flooring (Carpet)
Other
Other
Listing insights
Market data and value estimates
StatusFor Sale
Tax rate2.08%
Price/sqft$101
On marketApr 10, 2026
PostedApr 10, 2026
Last sold$149,900
MLS statusNew
MLS updatedApr 10, 2026
Tour days9
Views589
Favorites39
How are the schools in Normal?
3 schools rated nearby
Location
Normal, IL, 61761
Price history
4 events
DateEventPrice$/sqftSource
Apr 10, 2026Listed For Sale$249,900$101MRED as distributed by MLS GRID
Jul 1, 2019Sold$149,900$61MRED as distributed by MLS GRID
May 9, 2019Pending Sale$149,900$61Coldwell Banker The Real Estate Group
May 6, 2019Listed For Sale$149,900$61Coldwell Banker The Real Estate Group
Listed For Sale$249,900
Apr 10, 2026•$101/sqft•MRED as distributed by MLS GRID
Sold$149,900
Jul 1, 2019•$61/sqft•MRED as distributed by MLS GRID
Pending Sale$149,900
May 9, 2019•$61/sqft•Coldwell Banker The Real Estate Group
Listed For Sale$149,900
May 6, 2019•$61/sqft•Coldwell Banker The Real Estate Group
Tax history
23 years of records
YearTax paidAssessed value
Apr 10, 2024$4,870$75,976
Apr 10, 2023$4,453$68,030
Apr 10, 2022$3,717$61,460
Apr 10, 2021$3,806$57,986
Apr 10, 2020—$57,383
Apr 10, 2019—$57,075
Apr 10, 2018$4,080$56,471
Apr 10, 2017$4,080$56,471
Apr 10, 2016$3,935$56,471
Apr 10, 2015$3,764$55,148
Apr 10, 2014$3,764$55,148
Apr 10, 2013$3,695$55,148
Apr 10, 2012$3,579$55,576
Apr 10, 2011$3,579$55,361
Apr 10, 2010$3,556$55,361
Apr 10, 2009$3,489$55,361
Apr 10, 2008$3,314$53,484
Apr 10, 2007$3,240$51,926
Apr 10, 2006—$51,463
Apr 10, 2005—$49,493
Apr 10, 2002—$45,156
Apr 10, 2001—$43,436
Apr 10, 2000—$41,754
Nearby homes
Neighborhood details
Local context around this listing
Normal, IL • McLean County
Nearby cities
BloomingtonChenoaDownsGridleyHeyworthHudsonLe RoyLexington
Nearby zip codes
6176161790
Similar homes
Based on information submitted to the MLS GRID as of 2026. 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. [Click here for more information](/mls-disclaimers/#17)
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