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Bloomington 61704
11 Bandecon Way
$315,000
● House - Off Market

11 Bandecon Way

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3,576 Ft²
$2,112
Est. Monthly
6.32%
Cap Rate

About This Property

Beautiful 4 Bedroom, 4 bathroom home in a great, convenient location! Newer LVP flooring in front office, dining room and living room. Brand new carpet throughout upstairs. Front entry is open to the upstairs. Primary bedroom is huge, with a cathedral ceiling. Master bathroom has a garden tub & separate shower. Walk-in closets are in most of the bedrooms. Laundry is on 2nd level, and the washer/dryer will stay. Most of the basement is finished w/ a family room, a wet bar area and a movie screen & projector. There is a room in basement that was used as a bedroom, but window is not egress. AC is 2018. Roof is approx 2013.  Large fenced-in backyard has a nice sized patio area, a deck and a section for a garden. Great location close to Clearwater Park!
Unit Size
3,576 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$88
Property Type
House
Property Taxes
$566
HOA Dues
-
Year Built
1996

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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 #12036345)

Price History

Date / Event Date Event Price
Jun 26, 2024 Sold
Premium
Sold
May 24, 2024 Listed by RE/MAX Choice $314,900
Listed by RE/MAX Choice

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 980
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,008
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 740
  • Total Building Area: 3,784
  • Gross Building Area: 3,784
  • Building Area: 3,324
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,324
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRITTANY PARC SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: BRITTANY PARC SUB LOT 36

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 001105

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-36-255-005
  • Lot: 36
  • Meridian: SEC 36 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.497
  • Longitude: -88.9326

    Address

  • Full Address: 11 Bandecon Way
  • Address - House Number: 11
  • Address - Street Name: Bandecon
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R032
  • 4-Digit Zip Code: 8194
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $638,014
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1827
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 325,757
  • High Value: 385,295
  • Low Value: 266,220

    Market Valuation

  • Market Total Value: $234,618
  • Market Land Value: $44,847
  • Market Improvement Value: $189,771

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,206
  • Assessed Land Value: $14,949
  • Assessed Improvements Value: $63,257

    Sales

  • Current Sale Contract Date: Jul 18, 2015
  • Current Sale Recording Date: Aug 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015-00014605
  • Previous Sale Recording Date: May 15, 2012
  • Previous Sale Contract Date: Aug 31, 2011
  • Previous Sale Amount: $206,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

2448 ft²

Average Home Age

59.8 years

Currently For Sale

100 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: Willow Gramm, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 12036345
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 11 Bandecon Way built and last sold?
The property at 11 Bandecon Way was built in 1996 and last sold on Jul 18, 2015 for $212,000.
How much is this home worth?
The estimated value of the home located at 11 Bandecon Way is $0.
What are some comparable homes to 11 Bandecon Way?
There are currently no comparable homes to 11 Bandecon Way.
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