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Normal 61761
216 Garden Road
$270,000
● House - Off Market

216 Garden Road

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,304 Ft²
$1,825
Est. Monthly
7.94%
Cap Rate

About This Property

Owners have lived in this home for 30 Years and have decided to downsize. The home is now vacant and is conveniently located just east of Parkside Elementary, Jr. High and Normal West HS. It has close proximity to Illinois State, Heartland, Rivian and other businesses, with easy access to the Interstate. Well cared for house, with the List Price reflecting the need for some cosmetic TLC of Buyer preferences.
Unit Size
2,304 Ft²
Days on Market
-
Land Size
-
Price per sqft
$121
Property Type
House
Property Taxes
$455
HOA Dues
-
Year Built
1993

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 2
  • Total Rooms: 7
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 831
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,360
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 780
  • Total Building Area: 2,367
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,536
  • 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: FIFTH ADD UNIVERSITY PARK SUB LOT 439

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-29-176-018
  • Lot: 439
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.514
  • Longitude: -89.016

    Address

  • Full Address: 216 Garden Rd
  • Address - House Number: 216
  • Address - Street Name: Garden
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: R010
  • 4-Digit Zip Code: 2366
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $469,542
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 250,930
  • High Value: 303,124
  • Low Value: 198,737

    Market Valuation

  • Market Total Value: $189,810
  • Market Land Value: $32,685
  • Market Improvement Value: $157,125

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,270
  • Assessed Land Value: $10,895
  • Assessed Improvements Value: $52,375
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

2100 ft²

Average Home Age

39.7 years

Currently For Sale

46 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: Jim Fruin, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12389101
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 216 Garden Road built and last sold?
The property at 216 Garden Road was built in 1993 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 216 Garden Road is $0.
What are some comparable homes to 216 Garden Road?
There are currently no comparable homes to 216 Garden Road.
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