For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Normal 61761
315 Robert Drive
$231,500
● House - Off Market

315 Robert Drive

Normal, IL 61761
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,242 Ft²
$1,257
Est. Monthly
6.16%
Cap Rate

About This Property

Great 3 bed 2.5 bath home in University park.  This convenient location offers easy access to parks, restaurants, and shopping, and ISU.  On the main level you will find 3 bedrooms and two bathrooms.  The unfinished basement has a half bathroom and SO much potential for adding square footage.  Attached garage offers 2 spaces and plenty of storage with a bonus detached and heated 2 car garage.
Unit Size
1,242 Ft²
Days on Market
-
Land Size
-
Price per sqft
$161
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1975

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11953059)

Price History

Date / Event Date Event Price
Mar 19, 2024 Sold
Premium
Sold
Feb 13, 2024 Listed by RE/MAX Rising $199,900
Listed by RE/MAX Rising

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 2
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,242
  • Garage Type: 7
  • Garage Square Area: 1,500
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,239
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,484
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 2ND ADD UNIVERSITY PARK
  • Land Acres: 0000000281
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 2ND ADD UNIVERSITY PARK LOT 185

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000302

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-29-352-022
  • Lot: 185
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5037
  • Longitude: -89.0178

    Address

  • Full Address: 315 Robert Dr
  • Address - House Number: 315
  • Address - Street Name: Robert
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: R012
  • 4-Digit Zip Code: 4309
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $329,604
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.0924
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 91
  • Final Value: 199,694
  • High Value: 218,154
  • Low Value: 181,233

    Market Valuation

  • Market Total Value: $143,076
  • Market Land Value: $35,415
  • Market Improvement Value: $107,661

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,692
  • Assessed Land Value: $11,805
  • Assessed Improvements Value: $35,887

    Sales

  • Current Sale Contract Date: Mar 19, 2024
  • Current Sale Recording Date: Mar 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3363
  • Previous Sale Recording Date: Mar 02, 2012
  • Previous Sale Contract Date: Feb 24, 2012
  • Previous Sale Amount: $144,000
  • 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:

$279,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2041 ft²

Average Home Age

43.1 years

Currently For Sale

46 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rhendy Bradshaw, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11953059
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 315 Robert Drive built and last sold?
The property at 315 Robert Drive was built in 1975 and last sold on Mar 19, 2024 for $231,500.
How much is this home worth?
The estimated value of the home located at 315 Robert Drive is $0.
What are some comparable homes to 315 Robert Drive?
There are currently no comparable homes to 315 Robert Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Normal Homes for Sale
Normal Houses for Sale
Normal Condos for Sale
Normal Townhouses for Sale
Normal Multifamily for Sale
Normal Land for Sale
Normal Commercial for Sale
Normal Homes with Basements
Nearby Cities
Bloomington Homes for Sale
Twin Grove Homes for Sale
Hudson Homes for Sale
Carlock Homes for Sale
Danvers Homes for Sale
Stanford Homes for Sale
Towanda Homes for Sale
Congerville Homes for Sale
Nearby Property Records
McLean County, IL Property Records
Woodford County, IL Property Records
De Witt County, IL Property Records
Tazewell County, IL Property Records
Livingston County, IL Property Records
Logan County, IL Property Records
Marshall County, IL Property Records
Piatt County, IL Property Records
Neighborhoods
South Hill Real Estate
Fox Creek Road Real Estate
Northwest Union Real Estate
Near East Side Real Estate
Lakewood-Hillcrest Real Estate
Founders Grove Real Estate
South Oakland Real Estate
Lang's Alley Real Estate
Nearby Counties
Bloomington City Homes for Sale
Old Town Homes for Sale
Bloomington Homes for Sale
Towanda Homes for Sale
Hudson Homes for Sale
Dry Grove Homes for Sale
Danvers Homes for Sale
White Oak Homes for Sale
Top Real Estate Agents
Top Agents in Normal
Top Agents in Bloomington City
Top Agents in Bloomington
Top Agents in 61761
Top Agents in 61701
Top Agents in 61704
Top Agents in 61705
Top Agents in Old Town