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Normal 61761
3701 Silverado Trail
$384,900
● House - Off Market

3701 Silverado Trail

Normal, IL 61761
bedrooms
2 Beds
bathrooms
3 Baths
square feet
2,888 Ft²
$387,897
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Presold new Trunk Bay construction in the Vineyards, home under construction. 3 bedrooms, 3 full baths. Partial finished basement includes family room full bath and 3rd bedroom.
Unit Size
2,888 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
House
Property Taxes
$6
HOA Dues
$33
Year Built
2022

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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 #11360772)

Price History

Date / Event Date Event Price
May 16, 2022 Sold
Premium
Sold
Mar 30, 2022 Listed by Coldwell Banker Real Estate Group $384,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 7,559
  • Total Building Area: 1,448
  • Gross Building Area: 1,448
  • Building Area: 1,448
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,448
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VINEYARDS SUB
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: VINEYARDS SUB 9TH ADD LOT 314

Neighborhood

  • Census Tract: 005102

Geography

  • District: 26
  • Parcel: 15-19-158-010
  • Lot: 314
  • Municipality: TOWANDA
  • Latitude: 40.5257
  • Longitude: -88.9191

    Address

  • Full Address: 3701 Silverado Trl
  • Address - House Number: 3701
  • Address - Street Name: Silverado
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Normal
  • Carrier Code: R009
  • 4-Digit Zip Code: 9216
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $439,338
  • Tax Rate Code Area: 2615

    Appraisal Valuation

  • Standard Deviation: 0.4855
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 2
  • Final Value: 269,405
  • High Value: 400,202
  • Low Value: 138,607

    Market Valuation

  • Market Total Value: $148,221
  • Market Land Value: $43,215
  • Market Improvement Value: $105,006

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,407
  • Assessed Land Value: $14,405
  • Assessed Improvements Value: $35,002

    Sales

  • Current Sale Contract Date: May 16, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9823
  • Previous Sale Recording Date: Oct 06, 2021
  • Previous Sale Contract Date: Sep 27, 2021
  • Previous Sale Amount: $55,000
  • 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

$121

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2149 ft²

Average Home Age

40.7 years

Currently For Sale

42 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: Marty Trunk, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11360772
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 3701 Silverado Trail built and last sold?
The property at 3701 Silverado Trail was built in 2022 and last sold on May 16, 2022 for $410,333.
How much is this home worth?
The estimated value of the home located at 3701 Silverado Trail is $0.
What are some comparable homes to 3701 Silverado Trail?
There are currently no comparable homes to 3701 Silverado Trail.
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