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Bloomington 61704
1216 Newcastle Drive
$270,000
● House - Off Market

1216 Newcastle Drive

Bloomington, IL 61704
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,816 Ft²
$1,718
Est. Monthly
4.04%
Cap Rate

About This Property

So much new!  Roof new in 2023, chimney redone, rear deck removed and new poured patio.  All new flooring, paint, lights throughout.  The baths have been redone with vanities, toilets, fixtures and new tiled master shower.  Kitchen with new granite counter top.  All windows replaced in 2023.  Large yard, with no backyard neighbors.
Unit Size
1,816 Ft²
Days on Market
-
Land Size
-
Price per sqft
$149
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1991

Payment Calculator

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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.

Last updated: 3 years ago (MRED MLS #11979156)

Price History

Date / Event Date Event Price
Apr 15, 2024 Sold
Premium
Sold
Mar 7, 2024 Listed by Coldwell Banker Real Estate Group $270,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • 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: 5
  • Basement Area: 260
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 9,350
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 780
  • Total Building Area: 2,516
  • Gross Building Area: 2,516
  • Building Area: 1,816
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,816
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROYAL POINTE SUB
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: ROYAL POINTE SUB LOT 8

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: 14-36-455-003
  • Lot: 8
  • Meridian: SEC 36 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4924
  • Longitude: -88.9333

    Address

  • Full Address: 1216 Newcastle Dr
  • Address - House Number: 1216
  • Address - Street Name: Newcastle
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R018
  • 4-Digit Zip Code: 8208
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $469,706
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 245,178
  • High Value: 296,175
  • Low Value: 194,181

    Market Valuation

  • Market Total Value: $177,474
  • Market Land Value: $42,759
  • Market Improvement Value: $134,715

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,158
  • Assessed Land Value: $14,253
  • Assessed Improvements Value: $44,905

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Oct 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13732
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

Rentals Near You

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MRED

Listed by: Janel Harrison, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11979156
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 1216 Newcastle Drive built and last sold?
The property at 1216 Newcastle Drive was built in 1991 and last sold on Sep 29, 2023 for $110,000.
How much is this home worth?
The estimated value of the home located at 1216 Newcastle Drive is $0.
What are some comparable homes to 1216 Newcastle Drive?
There are currently no comparable homes to 1216 Newcastle Drive.
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