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Normal 61761
1602 Belclare Road
$210,000
● House - Off Market

1602 Belclare Road

Normal, IL 61761
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,519 Ft²
$220,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Spacious ranch home with 3 bedrooms and 2 full baths and first floor laundry . Full bath and large recreation room in finished basement. Property has a gas fireplace , porch deck and 2 car attached garage . Owner of record is Secretary of Veterans Affairs . VA recommends buyer purchase their own title insurance.
Unit Size
1,519 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
2006

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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 #11848315)

Price History

Date / Event Date Event Price
Nov 14, 2023 Sold
Premium
Sold
Aug 1, 2023 Listed by BHHS Central Illinois, REALTORS $220,000
Listed by BHHS Central Illinois, REALTORS

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,519
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 104
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,040
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 453
  • Total Building Area: 3,038
  • Building Area: 1,519
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,519
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KELLY GLEN PUD
  • Land Acres: 0000000116
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: KELLEY GLEN P.U.D. LT 49

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-22-281-002
  • Lot: 49
  • Meridian: SEC 22 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5284
  • Longitude: -88.9666

    Address

  • Full Address: 1602 Belclare Rd
  • Address - House Number: 1602
  • Address - Street Name: Belclare
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: R044
  • 4-Digit Zip Code: 4925
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $566,046
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 214,872
  • High Value: 234,216
  • Low Value: 195,529

    Market Valuation

  • Market Total Value: $207,039
  • Market Land Value: $27,978
  • Market Improvement Value: $179,061

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,013
  • Assessed Land Value: $9,326
  • Assessed Improvements Value: $59,687

    Sales

  • Current Sale Contract Date: Aug 03, 2015
  • Current Sale Recording Date: Aug 13, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015-00014744
  • Previous Sale Recording Date: May 22, 2007
  • Previous Sale Contract Date: May 11, 2007
  • Previous Sale Amount: $179,000
  • 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:

$275,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2112 ft²

Average Home Age

40.1 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: Alan Birlingmair, BHHS Central Illinois, REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11848315
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 1602 Belclare Road built and last sold?
The property at 1602 Belclare Road was built in 2006 and last sold on Aug 3, 2015 for $202,000.
How much is this home worth?
The estimated value of the home located at 1602 Belclare Road is $0.
What are some comparable homes to 1602 Belclare Road?
There are currently no comparable homes to 1602 Belclare Road.
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