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Normal 61761
1338 Monterey Pine Drive
$339,000
● House - Off Market

1338 Monterey Pine Drive

Normal, IL 61761
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,950 Ft²
$2,599
Est. Monthly
$185
HOA / Fees
2.94%
Cap Rate

About This Property

Lovely  brick and vinyl 2 bedroom 2 bath unit in sought after Evergreen villas. Large kitchen island open and spacious. Unfinished basement with rough in for third bath and egress window in case third bedroom is needed. And still plenty of room for a family room. Lawn care and snow removal included in monthly HOA fees.
Unit Size
2,950 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
House
Property Taxes
$719
HOA Dues
$185
Year Built
-

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 3,920
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EVERGREEN VILLAGE PUD 2ND ADD
  • Land Acres: 0000000090
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: RESUB OF LOTS 48-55 & 82-86 EVERGREEN VILLAGE PUD 2ND ADD LOT 93

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000109

Geography

  • District: 30
  • Parcel: 14-15-482-024
  • Lot: 48,55
  • Municipality: NORMAL
  • Latitude: 40.5352
  • Longitude: -88.9657

    Address

  • Full Address: 1338 Monterey Pine Dr
  • Address - House Number: 1338
  • Address - Street Name: Monterey Pine
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: R027
  • 4-Digit Zip Code: 5769
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $179,832
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 96,081
  • High Value: 111,001
  • Low Value: 81,160

    Market Valuation

  • Market Total Value: $60,057
  • Market Land Value: $12,057
  • Market Improvement Value: $48,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,019
  • Assessed Land Value: $4,019
  • Assessed Improvements Value: $16,000
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

$121

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2145 ft²

Average Home Age

39.2 years

Currently For Sale

43 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: Valerie Curry, BHHS Central Illinois, REALTORS
Data Source: MRED, MLS# MRD12281882
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 1338 Monterey Pine Drive built and last sold?
The property at 1338 Monterey Pine Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1338 Monterey Pine Drive is $0.
What are some comparable homes to 1338 Monterey Pine Drive?
There are currently no comparable homes to 1338 Monterey Pine Drive.
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