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Normal 61761
3001 Raab Road
$305,000
● House - Off Market

3001 Raab Road

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,890 Ft²
$1,522
Est. Monthly

About This Property

Enjoy main-floor living in this Trunk Bay built 1.5-story home that features desirable first floor primary suite and an open layout. The main living area offers abundant natural light, plush carpeting, and seamless flow into the dining space and kitchen. The kitchen is both functional and stylish with ample cabinetry, modern appliances and pantry. The primary suite showcases a double vanity, walk-in closet, and a tiled shower with glass doors. Additional living space on the upper level provides flexibility for bedrooms or a home office. Step outside to enjoy the fully fenced backyard, complete with a pergola covered patio! An ideal spot for relaxing, hosting gatherings, or enjoying outdoor dining. The space offers privacy while still being easy to maintain. This home is move-in ready and waiting for its next owner!
Unit Size
1,890 Ft²
Days on Market
-
Land Size
-
Price per sqft
$164
Property Type
House
Property Taxes
-
HOA Dues
-
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.

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: EAGLES LANDING SUB
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: EAGLES LANDING SUB 4TH ADD LT 347

Neighborhood

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

Geography

  • District: 30
  • Parcel: 14-24-207-010
  • Lot: 347
  • Municipality: NORMAL
  • Latitude: 40.532
  • Longitude: -88.9336

    Address

  • Full Address: 3001 E Raab Rd
  • Address - House Number: 3001
  • Street Direction: E
  • Address - Street Name: Raab
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: R049
  • 4-Digit Zip Code: 9501
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $577,868
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 262,264
  • High Value: 302,991
  • Low Value: 221,537

    Market Valuation

  • Market Total Value: $210,987
  • Market Land Value: $27,480
  • Market Improvement Value: $183,507

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,329
  • Assessed Land Value: $9,160
  • Assessed Improvements Value: $61,169

    Sales

  • Current Sale Contract Date: Jan 19, 2012
  • Current Sale Recording Date: Jan 31, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 20
  • Current Sale Input Document Number: 2012-00002942
  • Previous Sale Recording Date: Apr 05, 2010
  • Previous Sale Contract Date: Mar 17, 2010
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$277,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2062 ft²

Average Home Age

42.8 years

Currently For Sale

45 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: Marty Trunk, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12564670
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 3001 East Raab Road built and last sold?
The property at 3001 East Raab Road was built in and last sold on Jan 19, 2012 for $180,000.
How much is this home worth?
The estimated value of the home located at 3001 East Raab Road is $0.
What are some comparable homes to 3001 East Raab Road?
There are currently no comparable homes to 3001 East Raab Road.
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