3551 Napa Lane
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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.
Property Highlights
Building Info
Overview
- Year Built: 2006
- Effective Year Built: 2006
- Building Count: 1
- Bedroom Count: 0
- Bathroom Count: 3
- Full Bathrooms: 2
- Partial Bathrooms: 3
- Bathroom Plumbing Fixtures: 11
- Building Condition: 0
- Building Quality: 7
- Construction Type: 6
- 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: 0
- Basement Area: 0
- Garage Type: 1
- Garage Square Area: 891
- Parking Space Count: 0
- Patio Type: 55
- Porch Type: 106
- Pool Type: 0
General
- Lot Size Square Feet: 9,583
- Total Building Area: 1,160
- Gross Building Area: 1,160
- Building Area: 1,160
- Building Area Measurement: L
Dimensions
- Fireplace Count: 1
- Air Conditioning: 1
- Heating: 3
- Heated Square Feet: 1,160
- Heating Fuel Type: 0
Heating and Cooling
- Sewer System: 0
- Water Service: 0
Utilities
Building
- Building Type: 0
- Property Class: R
- Subdivision: CHATEAU ESTATES
- Land Acres: 0000000220
- Standard Land Use Code: 1001
- County Land Use Code: 0040
- Legal Description 1: CHATEAU ESTATES SUB LT 5
Neighborhood
- School District Name: McLean County Unit School District 5
- Census Tract: 005102
Geography
- District: 26
- Parcel: 15-19-106-002
- Lot: 5
- Meridian: SEC 19 TWN 24N RNG 03E
- Municipality: TOWANDA
- Latitude: 40.5286
- Longitude: -88.9229
- Full Address: 3551 Napa Ln
- Address - House Number: 3551
- Address - Street Name: Napa
- Address - Suffix Type: Ln
- State: IL
- City Name: Normal
- Carrier Code: R009
- 4-Digit Zip Code: 9329
- Zip Code: 61761
Address
Valuation
- Tax Year: 2022
- Tax Amount: $840,946
- Tax Rate Code Area: 2615
Tax
- Standard Deviation: 0.1509
- Valuation Date: Feb 28, 2024
- Confidence Score: 81
- Final Value: 410,420
- High Value: 472,359
- Low Value: 348,482
Appraisal Valuation
- Total Open Liens:
- Total Open Liens Amount:
- First Open Lien Mortgage Lender:
- First Open Lien Mortgage Recording Date:
- First Open Lien Mortgage Financing Type:
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- First Open Lien Mortgage Loan Type:
- First Open Lien Mortgage Loan Due Date:
Open Liens
- Market Total Value: $301,713
- Market Land Value: $72,267
- Market Improvement Value: $229,446
Market Valuation
- Assessed Year: 2022
- Assessed Total Value: $100,571
- Assessed Land Value: $24,089
- Assessed Improvements Value: $76,482
Assessments Valuation
- Current Sale Contract Date: Sep 18, 2018
- Current Sale Recording Date: Oct 19, 2018
- Current Sale Price:
- Current Sale Document Type: 71
- Current Sale Input Document Number: 2018-00017314
- Previous Sale Recording Date: Jul 23, 2015
- Previous Sale Contract Date: Jul 13, 2015
- Previous Sale Amount: $282,500
- Previous Sale Document Type: 71
Sales
- First Mortgage Lender:
- First Mortgage Transaction Date:
- First Mortgage Loan Amount:
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- First Mortgage Loan Due Date:
Last Sale Mortgage
- First Mortgage Financing Type: FIX
Financing
3551 Napa Lane
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Comparables
Status
Price/ft²
Listed On
Sold On
About Normal
Stats & Trends
Median Asking:
$275,000Sale Price/ft²
$121Below Asking
0.01%Average Days on Market
43Average Home Size
2150 ft²Average Home Age
38.8 yearsCurrently For Sale
42 ListingsSimilar Homes for Sale
Currently no similar homes aroundNearby Rentals
Data Source: MRED, MLS# MRD12584741
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017