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Normal 61761
318 N Parkside Road
$248,000
● House - Off Market

318 N Parkside Road

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,676 Ft²
$241,868
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
Unit Size
1,676 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1976

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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 #11369800)

Price History

Date / Event Date Event Price
May 27, 2022 Sold
Premium
Sold
Apr 8, 2022 Listed by RE/MAX Rising $240,000
Listed by RE/MAX Rising

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,323
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 860
  • Total Building Area: 1,731
  • Building Area: 1,731
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,731
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD ADD
  • Land Acres: 0000000237
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: THIRD ADD TO UNIVERSITY PARK LOT 238

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-29-101-013
  • Lot: 238
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5164
  • Longitude: -89.0208

    Address

  • Full Address: 318 N Parkside Rd
  • Address - House Number: 318
  • Street Direction: N
  • Address - Street Name: Parkside
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: R028
  • 4-Digit Zip Code: 2347
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $419,650
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 267,827
  • High Value: 323,515
  • Low Value: 212,139

    Market Valuation

  • Market Total Value: $158,148
  • Market Land Value: $36,027
  • Market Improvement Value: $122,121

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,716
  • Assessed Land Value: $12,009
  • Assessed Improvements Value: $40,707

    Sales

  • Current Sale Contract Date: May 27, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9786
  • Previous Sale Recording Date: Dec 20, 2019
  • Previous Sale Contract Date: Dec 11, 2019
  • Previous Sale Amount: $159,000
  • 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

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2114 ft²

Average Home Age

42.1 years

Currently For Sale

41 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

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MRED

Listed by: Ryan Esposito, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11369800
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 318 North Parkside Road built and last sold?
The property at 318 North Parkside Road was built in 1976 and last sold on May 27, 2022 for $248,000.
How much is this home worth?
The estimated value of the home located at 318 North Parkside Road is $0.
What are some comparable homes to 318 North Parkside Road?
There are currently no comparable homes to 318 North Parkside Road.
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