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Normal 61761
3569 Silverado Trail
$260,000
● House - Off Market

3569 Silverado Trail

Normal, IL 61761
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,460 Ft²
$248,341
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Well maintained 4 bed/3 full bath home located in The Vineyards Neighborhood. Nice living room features a gas fireplace and hardwood flooring. Eat-in kitchen with ceramic tile flooring, tile backsplash - all appliances remain (new gas stove 2022, dishwasher 2023). 1st floor master bedroom with walk-in closet and attached bathroom. Main floor laundry (washer/dryer remain). 3 bedrooms on the second level including a bedroom that measures 14x12 with add'l nook. Full basement features a 19x17 family room with surround sound, 3rd full bathroom and storage. New water heater in 2023. 2 car attached garage, expanded parking/patio with gas line for grill. Nice front porch. Just minutes to Grove Elementary School/Park and Normal Community High School.
Unit Size
2,460 Ft²
Days on Market
-
Land Size
-
Price per sqft
$102
Property Type
House
Property Taxes
$437
HOA Dues
$15
Year Built
2008

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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 #11856469)

Price History

Date / Event Date Event Price
Sep 28, 2023 Sold
Premium
Sold
Aug 11, 2023 Listed by RE/MAX Choice $249,900
Listed by RE/MAX Choice

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • 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: 440
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,725
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VINEYARDS 1 SUB
  • Land Acres: 0000000131
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: VINEYARDS 1 SUB LOT 163

Neighborhood

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

Geography

  • District: 26
  • Parcel: 15-19-152-006
  • Lot: 163
  • Meridian: SEC 19 TWN 24N RNG 03E
  • Municipality: TOWANDA
  • Latitude: 40.5257
  • Longitude: -88.9224

    Address

  • Full Address: 3569 Silverado Trl
  • Address - House Number: 3569
  • Address - Street Name: Silverado
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Normal
  • Carrier Code: R042
  • 4-Digit Zip Code: 9536
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $524,668
  • Tax Rate Code Area: 2615

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 275,575
  • High Value: 327,057
  • Low Value: 224,092

    Market Valuation

  • Market Total Value: $195,009
  • Market Land Value: $35,574
  • Market Improvement Value: $159,435

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,003
  • Assessed Land Value: $11,858
  • Assessed Improvements Value: $53,145

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Oct 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13741
  • Previous Sale Recording Date: Jul 28, 2008
  • Previous Sale Contract Date: Jul 25, 2008
  • Previous Sale Amount: $187,000
  • 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

2265 ft²

Average Home Age

37.6 years

Currently For Sale

40 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: Will Grimsley, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11856469
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 3569 Silverado Trail built and last sold?
The property at 3569 Silverado Trail was built in 2008 and last sold on Sep 28, 2023 for $260,000.
How much is this home worth?
The estimated value of the home located at 3569 Silverado Trail is $0.
What are some comparable homes to 3569 Silverado Trail?
There are currently no comparable homes to 3569 Silverado Trail.
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