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Normal 61761
409 Carriage Hills Road
$245,000
● House - Off Market

409 Carriage Hills Road

Normal, IL 61761
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,962 Ft²
$1,631
Est. Monthly
4.30%
Cap Rate

About This Property

New Sliding glass door in2013 with shade build  in  New Windows in 2019, New window treatment in 2020  New water heater in 2019 and New furnace and air 2016  New sump pump in 2021, New flooring in 2021  Bathrooms remodeled in 2020, 2021, and 2024  New Kitchen countertop in 2020, and Garage door springs replaced in 2022  New Roof in  2023
Unit Size
1,962 Ft²
Days on Market
-
Land Size
-
Price per sqft
$127
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1993

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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 #12080868)

Price History

Date / Event Date Event Price
Jul 31, 2024 Sold
Premium
Sold
Jun 28, 2024 In contract -
In contract
Jun 14, 2024 Listed by RE/MAX Choice $249,000
Listed by RE/MAX Choice

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 924
  • Garage Type: 7
  • Garage Square Area: 506
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,976
  • Building Area: 1,052
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,052
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARRIAGE HILLS
  • Land Acres: 0000000151
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: FIRST ADD TO CARRIAGE HILLS LOT 78

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000109

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-22-102-010
  • Lot: 78
  • Meridian: SEC 22 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5311
  • Longitude: -88.9792

    Address

  • Full Address: 409 Carriage Hills Rd
  • Address - House Number: 409
  • Address - Street Name: Carriage Hills
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: R043
  • 4-Digit Zip Code: 4805
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $459,374
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 222,647
  • High Value: 268,958
  • Low Value: 176,336

    Market Valuation

  • Market Total Value: $171,414
  • Market Land Value: $26,598
  • Market Improvement Value: $144,816

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,138
  • Assessed Land Value: $8,866
  • Assessed Improvements Value: $48,272

    Sales

  • Current Sale Contract Date: Jul 30, 2009
  • Current Sale Recording Date: Aug 03, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2009-00024888
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

43

Average Home Size

2130 ft²

Average Home Age

40 years

Currently For Sale

44 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: Mike Manahan, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 12080868
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 409 Carriage Hills Road built and last sold?
The property at 409 Carriage Hills Road was built in 1993 and last sold on Jul 30, 2009 for $160,000.
How much is this home worth?
The estimated value of the home located at 409 Carriage Hills Road is $250,839.
What are some comparable homes to 409 Carriage Hills Road?
There are currently no comparable homes to 409 Carriage Hills Road.
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