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Normal 61761
2398 Corinth Lane
$337,500
● House - Off Market

2398 Corinth Lane

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,246 Ft²
$334,907
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Gorgeous custom built Portico Homes ranch home in desirable Heather Ridge subdivision.  Unique 1 story that is handicap accessible with 36" door ways, roll in tile master shower, wide hallways and no steps to enter through garage or front entry.  You wouldn't notice if I didn't tell you but how amazing.  Why aren't all ranch homes built like this?  Open concept with large kitchen, center island, pantry closet with ample cabinet space. Luxury Plank vinyl flooring throughout most of the main level.   Home has a Generic Generator new 2017- Tests weekly.  Double vanity in master bath, gas log fireplace in living room. The unfinished Basement does has a sink in it and is ready for you to make it your own.
Unit Size
3,246 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$100
Property Type
House
Property Taxes
$504
HOA Dues
$6
Year Built
2014

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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 #11678861)

Price History

Date / Event Date Event Price
Mar 3, 2023 Sold
Premium
Sold
Feb 1, 2023 Listed by RE/MAX Rising $325,000
Listed by RE/MAX Rising

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,623
  • Garage Type: 7
  • Garage Square Area: 642
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,600
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,246
  • Building Area: 1,623
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,623
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEATHER RIDGE SUB
  • Land Acres: 0000000220
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: HEATHER RIDGE SUB 4TH ADD LT 113

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-11-406-005
  • Lot: 113
  • Municipality: NORMAL
  • Latitude: 40.5518
  • Longitude: -88.9498

    Address

  • Full Address: 2398 Corinth Ln
  • Address - House Number: 2398
  • Address - Street Name: Corinth
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Normal
  • Carrier Code: R008
  • 4-Digit Zip Code: 5542
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $631,972
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1525
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 340,588
  • High Value: 392,532
  • Low Value: 288,645

    Market Valuation

  • Market Total Value: $244,056
  • Market Land Value: $46,800
  • Market Improvement Value: $197,256

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,352
  • Assessed Land Value: $15,600
  • Assessed Improvements Value: $65,752

    Sales

  • Current Sale Contract Date: Mar 03, 2023
  • Current Sale Recording Date: Mar 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3121
  • Previous Sale Recording Date: Jan 23, 2015
  • Previous Sale Contract Date: Dec 30, 2014
  • Previous Sale Amount: $242,500
  • 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

2207 ft²

Average Home Age

42.5 years

Currently For Sale

43 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: Lisa Cunningham, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11678861
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 2398 Corinth Lane built and last sold?
The property at 2398 Corinth Lane was built in 2014 and last sold on Mar 3, 2023 for $337,500.
How much is this home worth?
The estimated value of the home located at 2398 Corinth Lane is $333,491.
What are some comparable homes to 2398 Corinth Lane?
There are currently no comparable homes to 2398 Corinth Lane.
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