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Normal 61761
6 Grandview Drive
$215,000
● House - Off Market

6 Grandview Drive

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,538 Ft²
$217,439
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Meticulously Maintained Ranch!  Natural lighting opens up the large living room, with a dining room flowing into the spacious kitchen. The lower level boasts an extended entertainment room, with space for lounging and gaming; includes an extra room (no egress), updated full bath, plus an unfinished utility with double wash sink and ample storage space.  Deep lot boasts a lovely sunroom, mature trees, beautiful landscaping, and an oversized backyard.  Functional updates include: Roof 2018, water heater 2018, Sewer line replaced 2013, refrigerator 2019, sump pump 2021, Basement renovations 2019. Conveniently located nearby Constitution Trail access point, schools, and shopping centers.
Unit Size
2,538 Ft²
Days on Market
-
Land Size
-
Price per sqft
$77
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1963

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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 #11243867)

Price History

Date / Event Date Event Price
Nov 15, 2021 Sold
Premium
Sold
Oct 15, 2021 Listed by Coldwell Banker Real Estate Group $195,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,269
  • Garage Type: 7
  • Garage Square Area: 500
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,121
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,538
  • Building Area: 1,269
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,269
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRANDVIEW ADD
  • Land Acres: 0000000301
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: GRANDVIEW ADD LOT 26

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000502

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-34-130-010
  • Lot: 26
  • Meridian: SEC 34 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.4999
  • Longitude: -88.9731

    Address

  • Full Address: 6 Grandview Dr
  • Address - House Number: 6
  • Address - Street Name: Grandview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: C048
  • 4-Digit Zip Code: 4003
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $492,710
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 236,620
  • High Value: 280,825
  • Low Value: 192,415

    Market Valuation

  • Market Total Value: $164,547
  • Market Land Value: $35,769
  • Market Improvement Value: $128,778

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,849
  • Assessed Land Value: $11,923
  • Assessed Improvements Value: $42,926

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00027997
  • Previous Sale Recording Date: Feb 18, 2011
  • Previous Sale Contract Date: Jan 28, 2011
  • Previous Sale Amount: $153,000
  • 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

43

Average Home Size

2150 ft²

Average Home Age

38.8 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

Unit for rent at 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Leah Bond, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11243867
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 6 Grandview Drive built and last sold?
The property at 6 Grandview Drive was built in 1963 and last sold on Nov 15, 2021 for $215,000.
How much is this home worth?
The estimated value of the home located at 6 Grandview Drive is $202,663.
What are some comparable homes to 6 Grandview Drive?
There are currently no comparable homes to 6 Grandview Drive.
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