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Normal 61761
203 Edwards Drive
$238,500
● House - Off Market

203 Edwards Drive

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,587 Ft²
$1,607
Est. Monthly

About This Property

Well, Built and cared for home in Desirable University Park Neighborhood just blocks from Schools!  This Amazing Home Features a great floor plan, hardwood floors, ceramic tile and solid oak doors throughout, two-tiered back deck with access to master. A large fenced in backyard with potential to possibly acquire even more ground from a neighbor.  3rd Bedroom in lower level currently being utilized as a Family Room.  Only 2 miles from Rivian!  Don't miss out on this great move-in-ready home.
Unit Size
1,587 Ft²
Days on Market
-
Land Size
-
Price per sqft
$154
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1976

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • 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: 480
  • Garage Type: 7
  • Garage Square Area: 504
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,480
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 790
  • Total Building Area: 1,542
  • Building Area: 1,062
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,062
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY PARK SUB
  • Land Acres: 0000000215
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: UNIVERSITY PARK SUB THRID ADD LOT 328

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-29-152-009
  • Lot: 328
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5127
  • Longitude: -89.0186

    Address

  • Full Address: 203 Edwards Dr
  • Address - House Number: 203
  • Address - Street Name: Edwards
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: R010
  • 4-Digit Zip Code: 2315
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $433,404
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 192,027
  • High Value: 231,969
  • Low Value: 152,085

    Market Valuation

  • Market Total Value: $144,741
  • Market Land Value: $33,078
  • Market Improvement Value: $111,663

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,247
  • Assessed Land Value: $11,026
  • Assessed Improvements Value: $37,221

    Sales

  • Current Sale Contract Date: Feb 23, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2455
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:

$279,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2052 ft²

Average Home Age

42.7 years

Currently For Sale

44 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: Jared Litwiller, Freedom Realty
Data Source: MRED, MLS# MRD12561144
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 203 Edwards Drive built and last sold?
The property at 203 Edwards Drive was built in 1976 and last sold on Feb 23, 2024 for $204,000.
How much is this home worth?
The estimated value of the home located at 203 Edwards Drive is $0.
What are some comparable homes to 203 Edwards Drive?
There are currently no comparable homes to 203 Edwards Drive.
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