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Bloomington 61701 Lang's Alley
1003 W Olive Street
$67,100
● House - Off Market

1003 W Olive Street

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,363 Ft²
$511
Est. Monthly
25.11%
Cap Rate

About This Property

Covered front porch and screened back porch. Shed. Sold as is. Fence. Most windows updated. Updated roof. Not far from downtown or park. Exterior access to basement. Main floor bedroom.
Unit Size
1,363 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$49
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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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.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 7,626
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,219
  • Gross Building Area: 1,219
  • Building Area: 1,219
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,219
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOEHRS ADD
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOEHRS ADD W1/2 SE 1/4 BLK 7

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001500

Zoning

  • Zoning: R2

Geography

  • District: 40
  • Parcel: 21-05-414-009
  • Block: 7
  • Meridian: SEC 05 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.477
  • Longitude: -89.007

    Address

  • Full Address: 1003 W Olive St
  • Address - House Number: 1003
  • Street Direction: W
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C014
  • 4-Digit Zip Code: 4865
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $190,740
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 120,246
  • High Value: 145,257
  • Low Value: 95,235

    Market Valuation

  • Market Total Value: $85,329
  • Market Land Value: $22,086
  • Market Improvement Value: $63,243

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,443
  • Assessed Land Value: $7,362
  • Assessed Improvements Value: $21,081

    Sales

  • Current Sale Contract Date: May 14, 2012
  • Current Sale Recording Date: Jul 18, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012-00017490
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 Lang's Alley

Stats & Trends

Median Asking:

$129,900

Sale Price/ft²

$78

Below Asking

0.04%

Average Days on Market

66

Average Home Size

354 ft²

Average Home Age

101 years

Currently For Sale

2 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: Matt Zenor, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12331412
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 1003 West Olive Street built and last sold?
The property at 1003 West Olive Street was built in 1925 and last sold on May 14, 2012 for $63,000.
How much is this home worth?
The estimated value of the home located at 1003 West Olive Street is $0.
What are some comparable homes to 1003 West Olive Street?
There are currently no comparable homes to 1003 West Olive Street.
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