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Bloomington 61701 Founders Grove
109 Fairview Avenue
$216,050
● House - Off Market

109 Fairview Avenue

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,344 Ft²
$191,479
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Find the charm of an older home with tons of updates in this 2 story home in Founders Grove area!  This home welcomes you with a large entry way and beautiful stair case and leads you through to a cozy and welcoming family room.  The large dining room gives plenty of space for gatherings and entertainment.  Upstairs you'll find a full updated bath with adorable tile and 3 full bedrooms.  The full attic space provides tons of potential for additional finished room and storage.  The fully fenced backyard is perfect for enjoying summer days with friends and family!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
-
Price per sqft
$141
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1925

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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 #11375823)

Price History

Date / Event Date Event Price
May 27, 2022 Sold
Premium
Sold
Apr 14, 2022 Listed by Keller Williams Revolution $190,000
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 6,322
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRVIEW SUB
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: FAIRVIEW SUB LOT 18

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001800

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-03-427-013
  • Lot: 18
  • Meridian: SEC 03 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.479
  • Longitude: -88.9667

    Address

  • Full Address: 109 Fairview Ave
  • Address - House Number: 109
  • Address - Street Name: Fairview
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C071
  • 4-Digit Zip Code: 4208
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $387,906
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 211,255
  • High Value: 251,818
  • Low Value: 170,692

    Market Valuation

  • Market Total Value: $154,926
  • Market Land Value: $30,456
  • Market Improvement Value: $124,470

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,642
  • Assessed Land Value: $10,152
  • Assessed Improvements Value: $41,490

    Sales

  • Current Sale Contract Date: May 27, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9874
  • Previous Sale Recording Date: Jun 28, 2018
  • Previous Sale Contract Date: Jun 02, 2018
  • Previous Sale Amount: $171,000
  • 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 Founders Grove

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$115

Below Asking

0.01%

Average Days on Market

49

Average Home Size

3304 ft²

Average Home Age

121.3 years

Currently For Sale

3 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: B.J. Armstrong, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11375823
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 109 Fairview Avenue built and last sold?
The property at 109 Fairview Avenue was built in 1925 and last sold on May 27, 2022 for $216,500.
How much is this home worth?
The estimated value of the home located at 109 Fairview Avenue is $0.
What are some comparable homes to 109 Fairview Avenue?
There are currently no comparable homes to 109 Fairview Avenue.
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