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Bloomington 61704 Lakewood-Hillcrest
1204 Hershey Road
$213,900
● House - Off Market

1204 Hershey Road

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,232 Ft²
$1,353
Est. Monthly
11.28%
Cap Rate

About This Property

You will love this move in ready four bedroom, two and a half bathroom bi-level located near the YWCA. It has recently undergone complete updates including new lower level bathroom, flooring, paint of walls and trim. The upper level features a family room, kitchen with eat in table space, screened in porch, a full and a half bathroom and three bedrooms. The screened in porch allows for enjoying the views of the backyard. The lower level features a second family with a stone fireplace, a fourth bedroom with full bathroom and walk in closet and laundry! Enjoy time out in your fenced in backyard around the firepit. Don't wait, make this house your home today!
Unit Size
2,232 Ft²
Days on Market
-
Land Size
-
Price per sqft
$94
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1979

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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 #11926048)

Price History

Date / Event Date Event Price
Feb 2, 2024 Sold
Premium
Sold
Jan 4, 2024 Listed by RE/MAX Rising $209,900
Listed by RE/MAX Rising

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 837
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,068
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,433
  • Gross Building Area: 2,433
  • Building Area: 1,953
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,953
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNWOOD SUB
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 9TH ADD TO LINCOLNWOOD SUB LOT 221

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001106

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 14-35-480-030
  • Lot: 221
  • Meridian: SEC 35 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4908
  • Longitude: -88.9435

    Address

  • Full Address: 1204 N Hershey Rd
  • Address - House Number: 1204
  • Street Direction: N
  • Address - Street Name: Hershey
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R005
  • 4-Digit Zip Code: 3668
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $386,334
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 202,117
  • High Value: 241,165
  • Low Value: 163,069

    Market Valuation

  • Market Total Value: $136,371
  • Market Land Value: $23,736
  • Market Improvement Value: $112,635

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,457
  • Assessed Land Value: $7,912
  • Assessed Improvements Value: $37,545

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Feb 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1673
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 Lakewood-Hillcrest

Stats & Trends

Median Asking:

$219,000

Sale Price/ft²

$122

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1544 ft²

Average Home Age

48 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

Unit for rent at 1313 E Washington Street, Bloomington, IL, 61701

$2,400 /mo

  • 5 Beds
  • 2 Baths
  • 3,525 ft²
1313 E Washington Street, Bloomington, IL, 61701 Listing by Colleen Zerebny

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Armstrong, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11926048
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 1204 North Hershey Road built and last sold?
The property at 1204 North Hershey Road was built in 1979 and last sold on Jan 31, 2024 for $214,000.
How much is this home worth?
The estimated value of the home located at 1204 North Hershey Road is $0.
What are some comparable homes to 1204 North Hershey Road?
There are currently no comparable homes to 1204 North Hershey Road.
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