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.
Est. $1,437 per month, based on comparable rentals
Sale and tax history for 505 W Summit St
Sale History
Tax History
Date
Event
Price
MRED as Distributed by MLS Grid #12615617
May 26, 2026
Sold (MLS) (Closed)
$260,000
$106/sq ft
Apr 12, 2026
Contingent (Contingent - Continue to Show)
—
Apr 10, 2026
Listed (Active)
$249,900
$101/sq ft
Public Records
Jul 11, 2019
Sold
$150,000
$61/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$4,870 (+9.4%)
$15,103 + $67,817
$82,920
2023
$4,453 (+19.8%)
$12,391 + $55,639
$68,030
2022
$3,717 (−2.3%)
$11,194 + $50,266
$61,460
2021
$3,806 (−0.5%)
$10,561 + $47,425
$57,986
2020
$3,824 (−2.2%)
$10,451 + $46,932
$57,383
2019
$3,912 (−4.1%)
$10,395 + $46,680
$57,075
2018
$4,080 (+3.7%)
$10,285 + $46,186
$56,471
2017
$3,935 (+1.1%)
$10,285 + $46,186
$56,471
2016
$3,892 (+3.4%)
$10,285 + $46,186
$56,471
2015
$3,764 (+1.9%)
$10,044 + $45,104
$55,148
2013
$3,695
$10,044 + $45,104
$55,148
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
10,000 Sq. Ft.
Year renovated
—
Sq. Ft.
1,627
Year built
1961
Style
Single Family Residential
County
McLean County
APN
1421328003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
R-1A
Single-Family Residence District
The intent of this R-1A Residence District is to provide primarily for the establishment of areas characterized by moderate-sized lots and single-family detached dwellings intended for occupancy by families. In addition to these dwellings, related recreational, religious, and cultural facilities intended to serve the immediately surrounding residents are allowed where such facilities are found to be compatible with surrounding residential development. The R-1A district allows densities of up to approximately 4 du per acre.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Aug 23, 2019 • Final
Indiv - elec w/service change
Remove and replace the electrical service panel.
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
General Information: School Bus Service,Commuter Bus,Interstate Access
Parcel Number: 1421328003
Lot Information
Dimensions: 80 X 136
Lot Size: Less Than .25 Acre
Zero Lot Line: No
Financial
Tax Information
Tax Annual Amount: $4,869.74
Tax Year: 2024
Tax Exemptions: Homeowner,Senior
Financial Information
Finance Code: Conventional
Special Service Area: N
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Heating & Cooling
Heating: Forced Air
Cooling: Central Air
Location
Homeowners Association Information
Master Association Fee Frequency: Not Required
School Information
Elementary School District: 5
Elementary School: Fairview Elementary
Middle Or Junior School District: 5
Middle Or Junior School: Kingsley Jr High
High School District: 5
High School: Normal Community High School
Location Information
Subdivision Name: Fairview
Township: Normal
Corporate Limits: Normal
Directions: N on Main, Right on Summit 3rd house on the right. Close to Fairview Pool and Park
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 1,627
Stories: 1.0
Lot Size: 10,000 square feet
Style: Single Family Residential
Year Built: 1961
Year Renovated: —
County: McLean County
APN: 1421328003
Home facts updated by county records on Sep 2, 2026
Other
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: No
Around this home
Schools
Fairview Elementary School
Public K-5 • Assigned • 0.2mi
6/10
Chiddix Junior High School
Public 6-8 • Assigned • 1.3mi
6/10
Normal Community High School
Public 9-12 • Assigned • 4.2mi
4/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 105° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Normal, IL • 61761
Average low and high temperatures (°F)
31
15
41
23
60
36
67
45
74
52
83
64
86
68
83
63
83
56
71
47
51
36
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 24% for direct sun exposure in Normal. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$283,000 – $343,000
Sell confidently with a local market expert in Normal.