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Normal 61761
1036 Decoy Lane
$335,000
● House - Off Market

1036 Decoy Lane

Normal, IL 61761
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,010 Ft²
$383,388
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Under Offer
Unit Size
2,010 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$167
Property Type
House
Property Taxes
$569
HOA Dues
$15
Year Built
2014

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11154347)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
Jul 13, 2021 Listed by RE/MAX Professionals Select $335,000
Listed by RE/MAX Professionals Select

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,374
  • Total Building Area: 1,324
  • Gross Building Area: 1,324
  • Building Area: 1,324
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,324
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VINEYARDS SUB
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: VINEYARDS SUB 6TH ADD LOT 263

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 005102

Geography

  • District: 26
  • Parcel: 15-19-157-012
  • Lot: 263
  • Municipality: TOWANDA
  • Latitude: 40.5274
  • Longitude: -88.9199

    Address

  • Full Address: 1036 Decoy Ct
  • Address - House Number: 1036
  • Address - Street Name: Decoy
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Normal
  • Carrier Code: R042
  • 4-Digit Zip Code: 9681
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $729,242
  • Tax Rate Code Area: 2615

    Appraisal Valuation

  • Standard Deviation: 0.1826
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 367,826
  • High Value: 434,996
  • Low Value: 300,657

    Market Valuation

  • Market Total Value: $264,027
  • Market Land Value: $46,536
  • Market Improvement Value: $217,491

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,009
  • Assessed Land Value: $15,512
  • Assessed Improvements Value: $72,497

    Sales

  • Current Sale Contract Date: Jul 16, 2021
  • Current Sale Recording Date: Aug 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00019798
  • Previous Sale Recording Date: Jan 17, 2017
  • Previous Sale Contract Date: Nov 18, 2016
  • Previous Sale Amount: $253,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Normal

Stats & Trends

Median Asking:

$277,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2099 ft²

Average Home Age

42.6 years

Currently For Sale

44 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MRED

Listed by: Simran Dua, RE/MAX Professionals Select
Last Updated: 3 years ago
Data Source: MRED, MLS# 11154347
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1036 Decoy Court built and last sold?
The property at 1036 Decoy Court was built in 2014 and last sold on Jul 16, 2021 for $335,667.
How much is this home worth?
The estimated value of the home located at 1036 Decoy Court is $0.
What are some comparable homes to 1036 Decoy Court?
There are currently no comparable homes to 1036 Decoy Court.
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