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Bloomington 61704
1124 Rader Run
$257,000
● House - Off Market

1124 Rader Run

Bloomington, IL 61704
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,472 Ft²
$1,782
Est. Monthly
5.44%
Cap Rate
Unit Size
2,472 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
2001

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 600
  • Garage Type: 1
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 5,125
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 470
  • Total Building Area: 2,199
  • Gross Building Area: 2,199
  • Building Area: 1,839
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,839
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCGRAW PARK SUB
  • Land Acres: 0000000118
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RESUB OF MCGRAW PARK SUB LOT 44

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 005104

Zoning

  • Zoning: R2

Geography

  • District: 40
  • Parcel: 15-31-403-005
  • Lot: 44
  • Meridian: SEC 31 TWN 24N RNG 03E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4946
  • Longitude: -88.9102

    Address

  • Full Address: 1124 Rader Run
  • Address - House Number: 1124
  • Address - Street Name: Rader
  • Address - Suffix Type: Run
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R040
  • 4-Digit Zip Code: 6338
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $446,926
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.199
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 217,966
  • High Value: 261,350
  • Low Value: 174,583

    Market Valuation

  • Market Total Value: $169,740
  • Market Land Value: $35,727
  • Market Improvement Value: $134,013

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,580
  • Assessed Land Value: $11,909
  • Assessed Improvements Value: $44,671

    Sales

  • Current Sale Contract Date: Feb 16, 2022
  • Current Sale Recording Date: Feb 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3574
  • Previous Sale Recording Date: Nov 27, 2019
  • Previous Sale Contract Date: Nov 19, 2019
  • Previous Sale Amount: $146,500
  • 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 Bloomington

Stats & Trends

Median Asking:

$262,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2514 ft²

Average Home Age

60.8 years

Currently For Sale

102 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

Rentals Near You

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MRED

Listed by: Sreenivas Poondru, Brilliant Real Estate
Data Source: MRED, MLS# MRD12442093
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 1124 Rader Run built and last sold?
The property at 1124 Rader Run was built in 2001 and last sold on Feb 16, 2022 for $140,000.
How much is this home worth?
The estimated value of the home located at 1124 Rader Run is $0.
What are some comparable homes to 1124 Rader Run?
There are currently no comparable homes to 1124 Rader Run.
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