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Normal 61761
2995 Buffalo Lane
$306,000
● House - Off Market

2995 Buffalo Lane

Normal, IL 61761
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,685 Ft²
$1,952
Est. Monthly
3.19%
Cap Rate

About This Property

Beautiful 1.5 Story in Eagle's Landing. North facing with a 3 car Garage. Open floor plan with 14 Ft. Ceilings in Great Room and Kitchen. The Great Room has newer flooring and a gas fireplace. First floor Master Bedroom with dual sink vanity and walk in closet. Beautiful Kitchen w/ Stainless Appliances, tiled backsplash. First floor laundry. 2 Large Bedrooms upstairs with walk in closets and a full bath. Finished Lower Level w/ Family Room, Wet Bar, 4th Bedroom and Full Bath. Great storage space. Beautiful yard with a nice size patio. Furnace new in 2022. Lots of fresh paint.
Unit Size
2,685 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
2006

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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 #11925615)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Premium
Sold
Nov 9, 2023 Listed by Coldwell Banker Real Estate Group $289,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 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: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 540
  • Garage Type: 7
  • Garage Square Area: 628
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,480
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 680
  • Total Building Area: 2,107
  • Building Area: 1,567
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,567
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLES LANDING 6TH ADD
  • Land Acres: 0000000172
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: EAGLES LANDING 6TH ADD LT 514

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-24-255-011
  • Lot: 514
  • Meridian: SEC 24 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5274
  • Longitude: -88.9337

    Address

  • Full Address: 2995 Buffalo Ln
  • Address - House Number: 2995
  • Address - Street Name: Buffalo
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Normal
  • Carrier Code: R042
  • 4-Digit Zip Code: 7517
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $633,966
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 296,174
  • High Value: 322,836
  • Low Value: 269,512

    Market Valuation

  • Market Total Value: $229,722
  • Market Land Value: $54,339
  • Market Improvement Value: $175,383

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,574
  • Assessed Land Value: $18,113
  • Assessed Improvements Value: $58,461

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17393
  • Previous Sale Recording Date: Mar 25, 2013
  • Previous Sale Contract Date: Jan 29, 2013
  • Previous Sale Amount: $228,500
  • 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

$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

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MRED

Listed by: Deb Connor, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11925615
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 2995 Buffalo Lane built and last sold?
The property at 2995 Buffalo Lane was built in 2006 and last sold on Dec 15, 2023 for $306,000.
How much is this home worth?
The estimated value of the home located at 2995 Buffalo Lane is $0.
What are some comparable homes to 2995 Buffalo Lane?
There are currently no comparable homes to 2995 Buffalo Lane.
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