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Normal 61761
1311 Heritage Road E
$265,000
● House - Off Market

1311 Heritage Road E

Normal, IL 61761
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,356 Ft²
$268,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Must see to fully appreciate this charming, move -in ready home in a quiet, well kept neighborhood!  Jump on constitution trail just a block away, spend the afternoon at nearby Rosa Parks Commons or relax on the beautiful screen porch overlooking the pond and fully fenced yard.   There are so many areas for entertaining, including a wet bar and cozy fireplace nook.  This home features 4 bedrooms, 2 baths, two car attached garage and tons of updates. Updates include: windows, screened in porch, plank flooring, sump pump, electrical outlets, doors upstairs, wooden entry door, trim, large patio.
Unit Size
2,356 Ft²
Days on Market
-
Land Size
-
Price per sqft
$114
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1984

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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 #11894658)

Price History

Date / Event Date Event Price
Nov 21, 2023 Sold
Premium
Sold
Sep 26, 2023 Listed by Coldwell Banker Real Estate Group $268,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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 Cover: 0
  • Basement Type: 8
  • Basement Area: 1,068
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,983
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 760
  • Total Building Area: 2,356
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEN-2 NORTH SUB
  • Land Acres: 0000000206
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 35 DEN-2 NORTH SUB

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000107

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-21-279-007
  • Lot: 35
  • Meridian: SEC 21 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5265
  • Longitude: -88.9842

    Address

  • Full Address: 1311 Heritage Rd E
  • Address - House Number: 1311
  • Street Segment Direction: E
  • Address - Street Name: Heritage
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: R015
  • 4-Digit Zip Code: 1301
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $469,496
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 267,970
  • High Value: 292,093
  • Low Value: 243,847

    Market Valuation

  • Market Total Value: $176,718
  • Market Land Value: $32,397
  • Market Improvement Value: $144,321

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,906
  • Assessed Land Value: $10,799
  • Assessed Improvements Value: $48,107

    Sales

  • Current Sale Contract Date: Nov 21, 2023
  • Current Sale Recording Date: Dec 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16455
  • Previous Sale Recording Date: May 06, 2020
  • Previous Sale Contract Date: Apr 10, 2020
  • Previous Sale Amount: $167,500
  • 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

42

Average Home Size

2233 ft²

Average Home Age

41.8 years

Currently For Sale

39 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

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MRED

Listed by: Vicente Adame, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11894658
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 1311 Heritage Road East built and last sold?
The property at 1311 Heritage Road East was built in 1984 and last sold on Nov 21, 2023 for $265,000.
How much is this home worth?
The estimated value of the home located at 1311 Heritage Road East is $0.
What are some comparable homes to 1311 Heritage Road East?
There are currently no comparable homes to 1311 Heritage Road East.
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