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Normal 61761
2915 E Raab Road
Photo of 2915 E Raab Road

29

Map

Photo of 2915 E Raab Road
Photo of 2915 E Raab Road
$285,000
● House - In Contract

2915 E Raab Road

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,654 Ft²
$1,825
Est. Monthly

About This Property

Welcome to this charming 3-bedroom, 2-bathroom home in a fantastic location in Normal, Illinois! This inviting property offers comfortable living spaces, plenty of room for family and guests, and a layout that is perfect for everyday living and entertaining. Located in a desirable area close to shopping, dining, schools, parks, and everything Normal has to offer.  This home has some updates including a new roof in 2024, new HVAC, 2024, new hardwood in the living room, and a microwave and dishwasher.  Come check this home out today!!!!
Unit Size
2,654 Ft²
Days on Market
-
Land Size
-
Price per sqft
$107
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
2005

Listed By

Cindy Eckols
Christy Philyaw
[email protected]
Sunflower Real Estate Group LLC

Payment Calculator

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Attached, Garage, Yes
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Appliances: Range, Dishwasher, Refrigerator
Rooms: 6
Basement: Finished, Full
Exterior Details
Square Footage: 2654
Square Footage Source: $0
Year Built: 2005
Construction Materials: Vinyl Siding, Brick
Lot Size Dimensions: 38.5X167
Water Source: Public
Financial Details
Tax Annual Amount: $5,101
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,030
  • Garage Type: 7
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,328
  • Lot Size Depth Feet: 1,384
  • Lot Size Frontage Feet: 385
  • Total Building Area: 2,638
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLES LANDING SUB
  • Land Acres: 0000000146
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: EAGLES LANDING SUB 4TH ADD LT 364

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000507

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-24-126-022
  • Lot: 364
  • Meridian: SEC 24 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.532
  • Longitude: -88.936

    Address

  • Full Address: 2915 E Raab Rd
  • Address - House Number: 2915
  • Street Direction: E
  • Address - Street Name: Raab
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: R049
  • 4-Digit Zip Code: 9541
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $446,196
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 232,376
  • High Value: 280,710
  • Low Value: 184,042

    Market Valuation

  • Market Total Value: $167,013
  • Market Land Value: $27,480
  • Market Improvement Value: $139,533

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,671
  • Assessed Land Value: $9,160
  • Assessed Improvements Value: $46,511

    Sales

  • Current Sale Contract Date: Feb 27, 2008
  • Current Sale Recording Date: Feb 29, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008-00005305
  • Previous Sale Recording Date: Aug 25, 2005
  • Previous Sale Contract Date: Aug 12, 2005
  • Previous Sale Amount: $160,000
  • 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

$121

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2149 ft²

Average Home Age

40.7 years

Currently For Sale

42 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

$3,000 /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: Cindy Eckols, RE/MAX Choice
Data Source: MRED, MLS# MRD12726225
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 2915 East Raab Road built and last sold?
The property at 2915 East Raab Road was built in 2005 and last sold on Feb 27, 2008 for $160,000.
How much is this home worth?
The estimated value of the home located at 2915 East Raab Road is $289,388.
What are some comparable homes to 2915 East Raab Road?
There are currently no comparable homes to 2915 East Raab Road.
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