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. $1,496 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 Jun 26, 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.