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Bloomington 61704
1422 Norma Drive
$380,000
● House - Off Market

1422 Norma Drive

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,273 Ft²
$370,002
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Pristine 5 Bedroom 3.5 bath in Sapphire Lake! Open concept floor plan with newly remodeled kitchen featuring quartz tops, 2 tier island, tile backsplash and newer appliances. Separate dining room off of kitchen with plenty of natural light, spacious family room with custom fireplace mantel and stone. 4 Bedrooms upstairs are good sized. Master features vaulted ceilings, dual vanity, jacuzzi tub and separate shower. Basement recently finished with family room, mini bar, full bath, and large bedroom. Large deck out back overlooking nice sized yard with no neighbors next door! HVAC August of 2021, Water heater 2018. Do not miss out on this one!
Unit Size
2,273 Ft²
Days on Market
-
Land Size
-
Price per sqft
$161
Property Type
House
Property Taxes
$562
HOA Dues
-
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11314399)

Price History

Date / Event Date Event Price
Apr 15, 2022 Sold
Premium
Sold
Jan 31, 2022 Listed by BHHS Central Illinois REALTORS $365,000
Listed by BHHS Central Illinois REALTORS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 800
  • Garage Type: 1
  • Garage Square Area: 712
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,785
  • Gross Building Area: 3,785
  • Building Area: 3,073
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,073
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAPPHIRE LAKE SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SAPPHIRE LAKE SUB LOT 2

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 005104

Zoning

  • Zoning: R2

Geography

  • District: 40
  • Parcel: 15-31-209-003
  • Lot: 2
  • Meridian: SEC 31 TWN 24N RNG 03E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.5021
  • Longitude: -88.9081

    Address

  • Full Address: 1422 Norma Dr
  • Address - House Number: 1422
  • Address - Street Name: Norma
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R036
  • 4-Digit Zip Code: 8661
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $731,500
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 398,003
  • High Value: 469,333
  • Low Value: 326,672

    Market Valuation

  • Market Total Value: $266,358
  • Market Land Value: $65,808
  • Market Improvement Value: $200,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,786
  • Assessed Land Value: $21,936
  • Assessed Improvements Value: $66,850

    Sales

  • Current Sale Contract Date: Apr 15, 2022
  • Current Sale Recording Date: May 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8386
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 Bloomington

Stats & Trends

Median Asking:

$262,500

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2452 ft²

Average Home Age

59.9 years

Currently For Sale

98 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 3125 Old Jamestown Road, Bloomington, IL, 61704

$2,900 /mo

  • 4 Beds
  • 2 Baths
  • 3,196 ft²
3125 Old Jamestown Road, Bloomington, IL, 61704 Listing by Reshma Shah

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Patrick Kniery, BHHS Central Illinois REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11314399
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 1422 Norma Drive built and last sold?
The property at 1422 Norma Drive was built in 2003 and last sold on Apr 15, 2022 for $405,333.
How much is this home worth?
The estimated value of the home located at 1422 Norma Drive is $0.
What are some comparable homes to 1422 Norma Drive?
There are currently no comparable homes to 1422 Norma Drive.
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