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Bloomington 61704
1014 Laesch Avenue
$175,670
● House - Off Market

1014 Laesch Avenue

Bloomington, IL 61704
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,988 Ft²
$1,266
Est. Monthly
8.98%
Cap Rate

About This Property

Nicely updated 4 bedroom 2 full bath, Lg deck, large fenced corner lot w/lots of trees, great location,  appls stay, storage sheds, nicely lndscpd. Heated garage. Front entry & Back sliding doors, concrete patios front & back 2024, garage door & hot water heater 2021.
Unit Size
1,988 Ft²
Days on Market
-
Land Size
-
Price per sqft
$96
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1981

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 924
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,576
  • Lot Size Depth Feet: 840
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 2,584
  • Gross Building Area: 2,584
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAESCH ACRES
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LAESCH ACRES LOT 19

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 002101

Zoning

  • Zoning: R2

Geography

  • District: 40
  • Parcel: 21-17-254-001
  • Lot: 19
  • Meridian: SEC 17 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4531
  • Longitude: -89.0086

    Address

  • Full Address: 1014 Laesch Ave
  • Address - House Number: 1014
  • Address - Street Name: Laesch
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R016
  • 4-Digit Zip Code: 7220
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $370,136
  • Tax Rate Code Area: 4007

    Appraisal Valuation

  • Standard Deviation: 0.1882
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 202,463
  • High Value: 240,578
  • Low Value: 164,348

    Market Valuation

  • Market Total Value: $145,635
  • Market Land Value: $34,473
  • Market Improvement Value: $111,162

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,545
  • Assessed Land Value: $11,491
  • Assessed Improvements Value: $37,054

    Sales

  • Current Sale Contract Date: Apr 30, 2019
  • Current Sale Recording Date: May 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-00007548

    Financing

  • First Mortgage Financing Type: FIX
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:

$262,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2482 ft²

Average Home Age

60.3 years

Currently For Sale

101 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: Keith Troutman, BHHS Central Illinois, REALTORS
Data Source: MRED, MLS# MRD12454206
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 1014 Laesch Avenue built and last sold?
The property at 1014 Laesch Avenue was built in 1981 and last sold on Apr 30, 2019 for $120,500.
How much is this home worth?
The estimated value of the home located at 1014 Laesch Avenue is $0.
What are some comparable homes to 1014 Laesch Avenue?
There are currently no comparable homes to 1014 Laesch Avenue.
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