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Normal 61761
2201 Heather Ridge Drive
$320,000
● House - Off Market

2201 Heather Ridge Drive

Normal, IL 61761
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,300 Ft²
$349,235
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Welcome to this Beautiful Custom built home in Heather Ridge with 14 foot ceilings in the family room, Cherry wood floors throughout the main level, large kitchen with built-in buffet, and a separate dining space. This 4 bedroom 3.5 bath home is located on a large fully fenced well manicured lot with no backyard neighbors and has direct access to the Constitution Trail. The second floor features a Jumbo Primary bedroom with en suite, massive closet, sitting area and a private balcony. Follow the Bamboo flooring to two additional bedrooms and another full bathroom before returning to the first floor. The finished lower level with daylight windows gives an additional area to entertain, watch movies or relax. It's also complete with a bathroom, bedroom and extra storage.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
House
Property Taxes
$667
HOA Dues
$6
Year Built
2007

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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 #11668993)

Price History

Date / Event Date Event Price
Jan 17, 2023 Sold
Premium
Sold
Nov 11, 2022 Listed by RE/MAX Rising $329,900
Listed by RE/MAX Rising

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,198
  • Garage Type: 7
  • Garage Square Area: 492
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 104
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,329
  • Lot Size Depth Feet: 1,305
  • Lot Size Frontage Feet: 710
  • Total Building Area: 3,486
  • Building Area: 2,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEATHER RIDGE SUB
  • Land Acres: 0000000260
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: HEATHER RIDGE SUB 2ND ADD LT 85

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000105

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-11-451-012
  • Lot: 85
  • Municipality: NORMAL
  • Latitude: 40.5506
  • Longitude: -88.9501

    Address

  • Full Address: 2201 Heather Ridge Dr
  • Address - House Number: 2201
  • Address - Street Name: Heather Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: R008
  • 4-Digit Zip Code: 5498
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $831,378
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1841
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 368,510
  • High Value: 436,377
  • Low Value: 300,642

    Market Valuation

  • Market Total Value: $300,558
  • Market Land Value: $46,062
  • Market Improvement Value: $254,496

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,186
  • Assessed Land Value: $15,354
  • Assessed Improvements Value: $84,832

    Sales

  • Current Sale Contract Date: Jan 17, 2023
  • Current Sale Recording Date: Jan 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 909
  • Previous Sale Recording Date: Dec 19, 2017
  • Previous Sale Contract Date: Dec 08, 2017
  • Previous Sale Amount: $258,000
  • 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

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2174 ft²

Average Home Age

40.7 years

Currently For Sale

40 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: Laura Thompson, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11668993
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 2201 Heather Ridge Drive built and last sold?
The property at 2201 Heather Ridge Drive was built in 2007 and last sold on Jan 17, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 2201 Heather Ridge Drive is $0.
What are some comparable homes to 2201 Heather Ridge Drive?
There are currently no comparable homes to 2201 Heather Ridge Drive.
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