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Bloomington 61704
1216 Townley Drive
$200,000
● House - Off Market

1216 Townley Drive

Bloomington, IL 61704
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,012 Ft²
$1,310
Est. Monthly
11.54%
Cap Rate

About This Property

Well maintained & move-in ready! Ranch-style home with 3 bedrooms, huge basement family room with fireplace & extra areas to meet your needs. Kitchen beautifully updated with stainless appliances. Some 2021 updates include electrical upgraded to circuit breakers, air conditioner unit replaced, water heater replaced, radon mitigation system installed, replaced basement ceiling, replaced concrete on front porch & sidewalk leading to front porch. Washer & Dryer remain. Enjoy the covered patio overlooking the fenced backyard. Close to elementary school, restaurants, shopping, etc. Home sold as is. No known concerns.
Unit Size
2,012 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
House
Property Taxes
$310
HOA Dues
-
Year Built
1968

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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: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 790
  • Garage Type: 1
  • Garage Square Area: 351
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,123
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,147
  • Gross Building Area: 2,147
  • Building Area: 1,796
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,796
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNWOOD SUB
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THIRD ADD TO LINCOLNWOOD SUB LOT 147

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 14-35-477-028
  • Lot: 147
  • Meridian: SEC 35 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4914
  • Longitude: -88.9467

    Address

  • Full Address: 1216 Townley Dr
  • Address - House Number: 1216
  • Address - Street Name: Townley
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R005
  • 4-Digit Zip Code: 3618
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $294,758
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2119
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 181,892
  • High Value: 220,446
  • Low Value: 143,339

    Market Valuation

  • Market Total Value: $122,046
  • Market Land Value: $24,678
  • Market Improvement Value: $97,368

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,682
  • Assessed Land Value: $8,226
  • Assessed Improvements Value: $32,456

    Sales

  • Current Sale Contract Date: Mar 25, 2021
  • Current Sale Recording Date: Apr 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00008084
  • Previous Sale Recording Date: Aug 29, 2016
  • Previous Sale Contract Date: Aug 18, 2016
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$262,500

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2452 ft²

Average Home Age

59.9 years

Currently For Sale

98 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: Belinda Brock, RE/MAX Choice
Data Source: MRED, MLS# MRD12376543
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 Townley Drive built and last sold?
The property at 1216 Townley Drive was built in 1968 and last sold on Mar 25, 2021 for $134,000.
How much is this home worth?
The estimated value of the home located at 1216 Townley Drive is $207,527.
What are some comparable homes to 1216 Townley Drive?
There are currently no comparable homes to 1216 Townley Drive.
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