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Normal 61761
2244 Chase Lane
$250,000
● House - Off Market

2244 Chase Lane

Normal, IL 61761
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,814 Ft²
$277,384
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Well cared for home with 3 bedrooms, 4 bathrooms, and a fenced back yard.  Freshly painted in neutral colors throughout. The first floor has n open concept, and large great room. The loft in the upstairs landing area would make an awesome office or reading space. The basement is fully finished with full bath, and offers an egress window for a potential 4th bedroom. Enjoy outdoor entertaining on the beautiful two-tier trek deck with inserted hot tub- and professionally landscaped yard.  Updates include: AC 2020, Dryer 2019, Hot Tub Cover 2021, and Garbage Disposal 2021, Garage door 2019, Paint 2021. Carpets professionally cleaned 2021.
Unit Size
1,814 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$132
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
2004

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11110638)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by Berkshire Hathaway Central Illinois Realtors $240,000
Listed by Berkshire Hathaway Central Illinois Realtors

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 5
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 956
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,294
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 690
  • Total Building Area: 2,781
  • Building Area: 1,825
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,825
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH FIELDS SUB
  • Land Acres: 0000000190
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: NORTH FIELDS SUB 4TH ADD LT 97

Neighborhood

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

Geography

  • District: 30
  • Parcel: 14-11-456-031
  • Lot: 97
  • Meridian: SEC 11 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5489
  • Longitude: -88.952

    Address

  • Full Address: 2244 Chase Ln
  • Address - House Number: 2244
  • Address - Street Name: Chase
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Normal
  • Carrier Code: R008
  • 4-Digit Zip Code: 9694
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $650,010
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.203
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 72
  • Final Value: 299,127
  • High Value: 359,864
  • Low Value: 238,390

    Market Valuation

  • Market Total Value: $235,080
  • Market Land Value: $43,734
  • Market Improvement Value: $191,346

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,360
  • Assessed Land Value: $14,578
  • Assessed Improvements Value: $63,782

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00017535
  • Previous Sale Recording Date: Sep 01, 2016
  • Previous Sale Contract Date: Aug 26, 2016
  • Previous Sale Amount: $197,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$274,950

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2317 ft²

Average Home Age

34 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

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: Lana Miller, Berkshire Hathaway Central Illinois Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11110638
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 2244 Chase Lane built and last sold?
The property at 2244 Chase Lane was built in 2004 and last sold on Jul 9, 2021 for $250,000.
How much is this home worth?
The estimated value of the home located at 2244 Chase Lane is $240,932.
What are some comparable homes to 2244 Chase Lane?
There are currently no comparable homes to 2244 Chase Lane.
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