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Normal 61761
1417 Kingsridge Drive
$170,000
● House - Off Market

1417 Kingsridge Drive

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,254 Ft²
$178,229
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Three bedroom 1.5 bath tri-level home in Normal.  Basement is used as a family room.  Upstairs, 3 nice sized bedrooms and bath.  Fenced yard along with a brand new shed that is set up with electric and can be used for many different uses. New roof in 2020, landscaping in front in 2020, driveway and new sewer line in 2014.  New HVAV system and hot water heater in 2018. Home is back on the market due to buyers financing falling through.
Unit Size
1,254 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1971

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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 #11638960)

Price History

Date / Event Date Event Price
Dec 14, 2022 Sold
Premium
Sold
Sep 27, 2022 Listed by Brilliant Real Estate $168,000
Listed by Brilliant Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • 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: 525
  • Garage Type: 7
  • Garage Square Area: 300
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,269
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,534
  • Building Area: 1,009
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,009
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KINGSRIDGE SUB
  • Land Acres: 0000000167
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: KINGSRIDGE SUB LOT 9

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000301

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-29-453-005
  • Lot: 9
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5044
  • Longitude: -89.0085

    Address

  • Full Address: 1417 Kingsridge Dr
  • Address - House Number: 1417
  • Address - Street Name: Kingsridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: C050
  • 4-Digit Zip Code: 2860
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $345,020
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 180,983
  • High Value: 210,058
  • Low Value: 151,907

    Market Valuation

  • Market Total Value: $133,224
  • Market Land Value: $29,268
  • Market Improvement Value: $103,956

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,408
  • Assessed Land Value: $9,756
  • Assessed Improvements Value: $34,652

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Dec 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21976
  • Previous Sale Recording Date: Jun 03, 2014
  • Previous Sale Contract Date: May 22, 2014
  • Previous Sale Amount: $110,000
  • 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 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jason Collins, Brilliant Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11638960
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 1417 Kingsridge Drive built and last sold?
The property at 1417 Kingsridge Drive was built in 1971 and last sold on Dec 14, 2022 for $170,000.
How much is this home worth?
The estimated value of the home located at 1417 Kingsridge Drive is $0.
What are some comparable homes to 1417 Kingsridge Drive?
There are currently no comparable homes to 1417 Kingsridge Drive.
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