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Normal 61761
3541 Napa Lane
$410,000
● House - Off Market

3541 Napa Lane

Normal, IL 61761
bedrooms
4 Beds
bathrooms
4 Baths
square feet
4,746 Ft²
$429,074
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Wow! Fantastic home in the Vineyards on a large corner lot. Over 4000 sq ft of finished space. The 2-story family room leads to a large open kitchen with custom cabinetry, granite counters and stainless appliances. The dining room is set off by two arched entries giving it a private and formal feel. Spacious first floor primary suite with large bathroom and walk in closet. Additional bedroom and laundry room on the first floor. The open staircase leads to the second floor balcony and loft/office nook. This floor contains 2 bedrooms, a full bathroom and a 23x12 bonus room. The full basement is partially finished with a 45x28 family room/game room/flex space, full bathroom, unfinished storage and a reinforced tornado safe room. 3 car side-load garage. This is one amazing home! Make it yours today.
Unit Size
4,746 Ft²
Days on Market
-
Land Size
-
Price per sqft
$87
Property Type
House
Property Taxes
$716
HOA Dues
$20
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.

Last updated: 3 years ago (MRED MLS #11452779)

Price History

Date / Event Date Event Price
Aug 26, 2022 Sold
Premium
Sold
Jul 7, 2022 Listed by Keller Williams Revolution $415,000
Listed by Keller Williams Revolution

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: 14,810
  • 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: CHATEAU ESTATES
  • Land Acres: 0000000340
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: CHATEAU ESTATES SUB LT 4

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 005102

Geography

  • District: 26
  • Parcel: 15-19-106-001
  • Lot: 4
  • Meridian: SEC 19 TWN 24N RNG 03E
  • Municipality: TOWANDA
  • Latitude: 40.5288
  • Longitude: -88.9231

    Address

  • Full Address: 3541 Napa Ln
  • Address - House Number: 3541
  • Address - Street Name: Napa
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Normal
  • Carrier Code: R009
  • 4-Digit Zip Code: 9329
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $908,066
  • Tax Rate Code Area: 2615

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 429,967
  • High Value: 501,776
  • Low Value: 358,157

    Market Valuation

  • Market Total Value: $324,357
  • Market Land Value: $72,267
  • Market Improvement Value: $252,090

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $108,119
  • Assessed Land Value: $24,089
  • Assessed Improvements Value: $84,030

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15892
  • Previous Sale Recording Date: Oct 02, 2009
  • Previous Sale Contract Date: Sep 28, 2009
  • Previous Sale Amount: $287,000
  • 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

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MRED

Listed by: Dawn Peters, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11452779
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 3541 Napa Lane built and last sold?
The property at 3541 Napa Lane was built in and last sold on Aug 26, 2022 for $410,000.
How much is this home worth?
The estimated value of the home located at 3541 Napa Lane is $0.
What are some comparable homes to 3541 Napa Lane?
There are currently no comparable homes to 3541 Napa Lane.
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