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Normal 61761
1637 Erin Drive
$190,500
● House - Off Market

1637 Erin Drive

Normal, IL 61761
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,008 Ft²
$187,194
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Close to schools, a grocery store and in a great neighborhood! This 4 bedroom, 2 full bath home comes with updated windows and new kitchen appliances. The eat-in kitchen is complete with a big breakfast bar, open to the living room. Both bathrooms have been updated including one with a jetted tub! Downstairs is a spacious, wide open living space with newer carpet. Enjoy the large fenced-in backyard on the deck or patio. AND this winter you can enjoy having a heated garage!
Unit Size
2,008 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$82
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1975

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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 #11165766)

Price History

Date / Event Date Event Price
Sep 8, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by Keller Williams Revolution $164,900
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 988
  • Garage Type: 7
  • Garage Square Area: 520
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,457
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 950
  • Total Building Area: 2,008
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 2ND ADD UNIVERSITY PARK
  • Land Acres: 0000000286
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 2ND ADD UNIVERSITY PARK LOT 160

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000302

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-29-353-005
  • Lot: 160
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5047
  • Longitude: -89.0174

    Address

  • Full Address: 1637 Erin Dr
  • Address - House Number: 1637
  • Address - Street Name: Erin
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: R012
  • 4-Digit Zip Code: 4305
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $479,504
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1671
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 226,977
  • High Value: 264,921
  • Low Value: 189,033

    Market Valuation

  • Market Total Value: $160,137
  • Market Land Value: $39,609
  • Market Improvement Value: $120,528

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,379
  • Assessed Land Value: $13,203
  • Assessed Improvements Value: $40,176

    Sales

  • Current Sale Contract Date: Sep 08, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00022187
  • Previous Sale Recording Date: Jul 03, 2013
  • Previous Sale Contract Date: Jun 26, 2013
  • Previous Sale Amount: $156,000
  • 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

$121

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2145 ft²

Average Home Age

39.2 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

Rentals Near You

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MRED

Listed by: Jackie Spencer, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11165766
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 1637 Erin Drive built and last sold?
The property at 1637 Erin Drive was built in 1975 and last sold on Sep 8, 2021 for $190,500.
How much is this home worth?
The estimated value of the home located at 1637 Erin Drive is $0.
What are some comparable homes to 1637 Erin Drive?
There are currently no comparable homes to 1637 Erin Drive.
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