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Bloomington 61701
1001 Marion Street
$152,500
● House - Off Market

1001 Marion Street

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
1 Bath
square feet
875 Ft²
$139,518
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Rare opportunity to be only the 2nd owner on a ranch built in 1953! This 3 bedroom, 1 bath gem is located on a large double lot and includes a fenced yard and a 2-car detached garage with a 3-seasons room attached! Everything is all on one level- the front & back doors even have aggregate concrete ramps to eliminate the hassle of stairs! Updates include roof, furnace, windows, water heater, carpet & more! A must see home that is priced to sell!
Unit Size
875 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$160
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MRED MLS #11793453)

Price History

Date / Event Date Event Price
Jul 11, 2023 Sold
Premium
Sold
May 26, 2023 Listed by BHHS Central Illinois, REALTORS $139,900
Listed by BHHS Central Illinois, REALTORS

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 845
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,624
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,720
  • Gross Building Area: 1,948
  • Building Area: 875
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 875
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILBUR CARTERS EMPIRE ADD
  • Land Acres: 0000000198
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: WILBUR CARTERS EMPIRE ADD (EX B & N & E140) LOTS 1 &2 BLK 2

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001301

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-34-353-006
  • Block: 2
  • Lot: 1,2
  • Meridian: SEC 34 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4907
  • Longitude: -88.9785

    Address

  • Full Address: 1001 Marion St
  • Address - House Number: 1001
  • Address - Street Name: Marion
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C029
  • 4-Digit Zip Code: 1946
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $161,198
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 131,031
  • High Value: 158,286
  • Low Value: 103,777

    Market Valuation

  • Market Total Value: $89,901
  • Market Land Value: $26,610
  • Market Improvement Value: $63,291

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,967
  • Assessed Land Value: $8,870
  • Assessed Improvements Value: $21,097

    Sales

  • Current Sale Contract Date: Jul 11, 2023
  • Current Sale Recording Date: Jul 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 9484
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 Bloomington

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2493 ft²

Average Home Age

58.6 years

Currently For Sale

109 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: Amanda Wycoff, BHHS Central Illinois, REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11793453
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 1001 Marion Street built and last sold?
The property at 1001 Marion Street was built in 1953 and last sold on Jul 11, 2023 for $152,500.
How much is this home worth?
The estimated value of the home located at 1001 Marion Street is $0.
What are some comparable homes to 1001 Marion Street?
There are currently no comparable homes to 1001 Marion Street.
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