$340,000
●
Condo -
Off Market
1406 Monterey Pine Drive #0
Normal, IL 61761
3 Beds
2 Baths
1,762 Ft²
$2,387
Est. Monthly
5.76%
Cap Rate
About This Property
Come fall in love with this 3 bed 2 bath meticulously maintained
ranch condo built in 2018. The open floor plan, large quartz
island, beautiful hardwood floors, and two large sliding doors
offer a bright and modern feel. The spacious primary bedroom offers
an on suite bathroom and generously sized walk-in closet for a
luxury feel. There's so much potential with the full unfinished
basement providing twice the current space, an egress window, and
rough-in for a future bathroom. Backyard is one of few in the
neighborhood with privacy trees planted and back porch is
completely covered for easy indoor-outdoor living. Condo living
offers amenities, low maintenance, and a community that feels like
home! Motivated seller! Just married and relocating.
Unit Size
1,762 Ft²
Days on Market
-
Land Size
-
Price per sqft
$196
Property Type
Condo
Property Taxes
$693
HOA Dues
-
Year Built
2017
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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: 2 years ago (MRED MLS #12166643)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Price Decreased |
$345,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Oct 5, 2024 | Price Decreased |
$355,000
↓ $4K
(1.1%) | |
| Price Decreased | |||
| Sep 17, 2024 | Listed by Coldwell Banker Real Estate Group | $359,000 | |
| Listed by Coldwell Banker Real Estate Group | |||
Property Highlights
Air Conditioning
Parking Details
Total Number of Parking: 2
Garage Spaces: 2
Garage On-Site: Yes
Garage Type: Attached
Interior Details
Bedrooms: 3
Bathrooms: 2
Full Bathrooms: 2
Rooms: 6
Basement: Full
Basement Description: Unfinished
Exterior Details
Ownership: Fee Simple
Exterior Building Type: Vinyl Siding, Brick
Age: 6-10 Years
Rebuilt(Y/N): No
Parcel Number: 1415482014
Property Type: Residential
Year Built: 2018
No Disability Access
Special Conditions: None
Lot Size Dimensions: 150X60
Water Source: Public
Financial Details
Tax Year: 2022
Tax Annual Amount: $8,315
Tax Exemptions: Senior
Utilities Details
Cooling: Central Air
Heating: Natural Gas, Forced Air
Location Details
Township: Normal
Corporate Limits: Normal
Directions: Corner of Raab and Towanda
County or Parish: McLean
Elementary School District: 5
Elementary School: Prairieland Elementary
Middle Or Junior School District: 5
Middle Or Junior School: Parkside Jr High
High School District: 5
High School: Normal Community West High Schoo
Other Details
Association Fee Includes: None
Association Fee Freq: Annually
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged (Y/N): Yes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/17/2024
| |
3 Bed
|
2 Bath
|
1762 ft²
|
$359,000
3 Bed
2 Bath
1762 ft²
|
$340,000
-5.29%
12/20/2024
|
Ariel Miller
Coldwell Banker Real Estate Group
|
|
03/28/2024
| |
3 Bed
|
2 Bath
|
1762 ft²
|
$339,000
3 Bed
2 Bath
1762 ft²
|
$335,000
-1.18%
06/07/2024
|
Andrew McDowell
RE/MAX Rising
|
Building Info
About Normal
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Listed by: Ariel Miller, Coldwell Banker Real Estate Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12166643
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12166643
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