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Normal 61761
1098 Ironwood Cc Drive
$381,000
● House - Off Market

1098 Ironwood Cc Drive

Normal, IL 61761
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,426 Ft²
$2,675
Est. Monthly
$5
HOA / Fees
6.32%
Cap Rate

About This Property

Beautiful colonial-style two-story home with many updated features. Newer, wood, laminate flooring in the living room and dining room, vinyl tile flooring featured in the spacious kitchen. All kitchen appliances remain: refrigerator, stove, microwave, dishwasher, and & washer dryer all to remain. The Home sits on a corner lot, a very private, spacious backyard,  with mature landscaping. Four bedrooms, 3 1/2 bathrooms, plenty of space for everyone. The basement is finished with a full bathroom, family room, and rec room/office. This home provides plenty of space for storage with shelving built in. The garage also has built-in storage and space for a workshop!! Newer windows, roof installed in 2008, and 3 years ago the interior walls were painted.
Unit Size
3,426 Ft²
Days on Market
-
Land Size
-
Price per sqft
$115
Property Type
House
Property Taxes
$731
HOA Dues
$5
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,128
  • Garage Type: 7
  • Garage Square Area: 538
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,119
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 1,230
  • Total Building Area: 3,398
  • Building Area: 2,270
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,270
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IRONWOOD COUNTRY CLUB 7TH ADD
  • Land Acres: 0000000462
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: IRONWOOD COUNTRY CLUB 7TH ADD LT 358 (EX PT FOR RD AS IN 04-14657)

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000105

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-14-102-016
  • Lot: 358
  • Meridian: SEC 14 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5465
  • Longitude: -88.9631

    Address

  • Full Address: 1098 Ironwood Cc Dr
  • Address - House Number: 1098
  • Address - Street Name: Ironwood Cc
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: R026
  • 4-Digit Zip Code: 5266
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $624,014
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 313,704
  • High Value: 361,047
  • Low Value: 266,361

    Market Valuation

  • Market Total Value: $226,398
  • Market Land Value: $61,509
  • Market Improvement Value: $164,889

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,466
  • Assessed Land Value: $20,503
  • Assessed Improvements Value: $54,963

    Sales

  • Current Sale Contract Date: Aug 23, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15600
  • Previous Sale Recording Date: Sep 04, 2020
  • Previous Sale Contract Date: Aug 18, 2020
  • Previous Sale Amount: $225,000
  • 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:

$275,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2198 ft²

Average Home Age

41.9 years

Currently For Sale

42 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

Unit for rent at 1613 Belclare Road, Normal, IL, 61761

$3,000 /mo

  • 2 Beds
  • 3 Baths
  • 2,156 ft²
1613 Belclare Road, Normal, IL, 61761 Listing by Derrick Williams

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Becky Gerig, RE/MAX Choice
Data Source: MRED, MLS# MRD12394335
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 1098 Ironwood Cc Drive built and last sold?
The property at 1098 Ironwood Cc Drive was built in 1995 and last sold on Aug 23, 2022 for $305,000.
How much is this home worth?
The estimated value of the home located at 1098 Ironwood Cc Drive is $392,998.
What are some comparable homes to 1098 Ironwood Cc Drive?
There are currently no comparable homes to 1098 Ironwood Cc Drive.
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