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Normal 61761
2238 Heather Ridge Drive
$400,000
● House - Off Market

2238 Heather Ridge Drive

Normal, IL 61761
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,126 Ft²
$395,738
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Welcome to the popular "Conlor" Plan, another great New Construction in Heather Ridge on a Fantastic lot. This home has a large island, white surround cabinets(soft close), quartz counter tops, tiled backsplash, SS appliances and a terrific main floor flow featuring large great room and separate flex room. All 3 Bedrooms upstairs are jumbo sized with walk-in closets, 2nd floor laundry room. Master suite has Walk-in closet and awesome tile shower. Large 3 car garage on one of our most sought after floor plans. 2x6 exterior construction, LED puck lights for superior energy efficiency and light quality, USB port plugs situated throughout, wifi programable thermostat, high efficient HVAC, MyQ garage door remote access from smart phones... All modern up to date efficient building quality!
Unit Size
2,126 Ft²
Days on Market
-
Land Size
-
Price per sqft
$176
Property Type
House
Property Taxes
-
HOA Dues
$13
Year Built
-

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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 #11608692)

Price History

Date / Event Date Event Price
Nov 10, 2022 Sold
Premium
Sold
Aug 19, 2022 Listed by BHHS Central Illinois REALTORS $375,000
Listed by BHHS Central Illinois REALTORS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEATHER RIDGE SUB
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: HEATHER RIDGE SUB 2ND ADD LT 95

Neighborhood

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

Geography

  • District: 30
  • Parcel: 14-11-406-001
  • Lot: 95
  • Municipality: NORMAL
  • Latitude: 40.5513
  • Longitude: -88.9497

    Address

  • Full Address: 2238 Heather Ridge Dr
  • Address - House Number: 2238
  • 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: $374,350
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 289,848
  • High Value: 338,256
  • Low Value: 241,440

    Market Valuation

  • Market Total Value: $125,019
  • Market Land Value: $48,060
  • Market Improvement Value: $76,959

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,673
  • Assessed Land Value: $16,020
  • Assessed Improvements Value: $25,653

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Jan 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 204
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

2130 ft²

Average Home Age

40 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

Unit for rent at 1613 Belclare Road, Normal, IL, 61761

$2,700 /mo

  • 2 Beds
  • 3 Baths
  • 2,156 ft²
1613 Belclare Road, Normal, IL, 61761 Listing by Derrick Williams

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mark Bowers, BHHS Central Illinois REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11608692
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 2238 Heather Ridge Drive built and last sold?
The property at 2238 Heather Ridge Drive was built in and last sold on Nov 10, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 2238 Heather Ridge Drive is $0.
What are some comparable homes to 2238 Heather Ridge Drive?
There are currently no comparable homes to 2238 Heather Ridge Drive.
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