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Normal 61761
1413 Heritage Road
$241,000
● House - Off Market

1413 Heritage Road

Normal, IL 61761
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,720 Ft²
$262,042
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Beautifully remodeled, a remastered floorplan, AND a prime location - This home is rare find!  You'll love this new floorplan upstairs and down. The kitchen and living room have been opened up, so they now fill with natural light to show off the gorgeous hardwood floors. The master bathroom and closets are reconfigured to better fit a homeowner's needs, and the lower-level redesign complete with a utility area and full bath.  The kitchen features new appliances, new cabinets, high-definition countertops and a quartz island.  You can even enjoy the outdoors from your screened porch and new concrete patio with views of a natural wooded lot and no neighbors to the North - as this homes location, adjacent to the trail and open parklands, can't be beat!
Unit Size
2,720 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$86
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1981

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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 #11219175)

Price History

Date / Event Date Event Price
Nov 17, 2021 Sold
Premium
Sold
Sep 15, 2021 Listed by Berkshire Hathaway Central Illinois Realtors $235,000
Listed by Berkshire Hathaway Central Illinois Realtors

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,331
  • Garage Type: 7
  • Garage Square Area: 497
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,490
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,720
  • Building Area: 1,389
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,389
  • 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: 0000000218
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DEN-2 NORTH SUB LOT 11

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-21-276-014
  • Lot: 11
  • Meridian: SEC 21 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5282
  • Longitude: -88.9853

    Address

  • Full Address: 1413 Heritage Rd W
  • Address - House Number: 1413
  • Street Segment Direction: W
  • Address - Street Name: Heritage
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: R015
  • 4-Digit Zip Code: 1305
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $513,496
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 226,419
  • High Value: 268,718
  • Low Value: 184,120

    Market Valuation

  • Market Total Value: $189,489
  • Market Land Value: $36,864
  • Market Improvement Value: $152,625

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,163
  • Assessed Land Value: $12,288
  • Assessed Improvements Value: $50,875

    Sales

  • Current Sale Contract Date: Nov 17, 2021
  • Current Sale Recording Date: Dec 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00028295
  • Previous Sale Recording Date: Jul 03, 2013
  • Previous Sale Contract Date: Mar 25, 2013
  • Previous Sale Amount: $147,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$274,950

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2317 ft²

Average Home Age

34 years

Currently For Sale

40 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

$2,700 /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: Lana Miller, Berkshire Hathaway Central Illinois Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11219175
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 1413 Heritage Road West built and last sold?
The property at 1413 Heritage Road West was built in 1981 and last sold on Nov 17, 2021 for $241,000.
How much is this home worth?
The estimated value of the home located at 1413 Heritage Road West is $0.
What are some comparable homes to 1413 Heritage Road West?
There are currently no comparable homes to 1413 Heritage Road West.
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