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Bloomington 61704
1229 Mount Vernon Drive
$140,000
● House - Off Market

1229 Mount Vernon Drive

Bloomington, IL 61704
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,368 Ft²
$138,729
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Move-in condition!! 1st floor fam room, eat-in kit w/snack bar, MBR w/WIC, laundry & pantry combined, extra deep garage, some new windows, large ranch on 1 level, FP as is!!
Unit Size
1,368 Ft²
Days on Market
-
Land Size
-
Price per sqft
$102
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1963

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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 #11835225)

Price History

Date / Event Date Event Price
Sep 5, 2023 Sold
Premium
Sold
Jul 18, 2023 Listed by Coldwell Banker Real Estate Group $139,600
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 7
  • 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: 5
  • Basement Area: 1,318
  • Garage Type: 1
  • Garage Square Area: 325
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 7,199
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 3,049
  • Gross Building Area: 3,084
  • Building Area: 1,406
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,406
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY KNOLLS
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: HOLIDAY KNOLLS LOT 60

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-35-454-009
  • Lot: 60
  • Meridian: SEC 35 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4919
  • Longitude: -88.9493

    Address

  • Full Address: 1229 Mount Vernon Dr
  • Address - House Number: 1229
  • Address - Street Name: Mount Vernon
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C034
  • 4-Digit Zip Code: 2225
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $327,394
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2119
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 159,392
  • High Value: 193,177
  • Low Value: 125,608

    Market Valuation

  • Market Total Value: $115,566
  • Market Land Value: $21,306
  • Market Improvement Value: $94,260

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,522
  • Assessed Land Value: $7,102
  • Assessed Improvements Value: $31,420

    Sales

  • Current Sale Contract Date: Aug 21, 2023
  • Current Sale Recording Date: Sep 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12245
  • Previous Sale Recording Date: May 22, 2007
  • Previous Sale Contract Date: May 11, 2007
  • Previous Sale Amount: $109,000
  • 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:

$263,500

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2506 ft²

Average Home Age

59 years

Currently For Sale

97 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: Greg Zavitz, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11835225
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 1229 Mt Vernon Drive built and last sold?
The property at 1229 Mt Vernon Drive was built in 1963 and last sold on Aug 21, 2023 for $140,000.
How much is this home worth?
The estimated value of the home located at 1229 Mt Vernon Drive is $142,234.
What are some comparable homes to 1229 Mt Vernon Drive?
There are currently no comparable homes to 1229 Mt Vernon Drive.
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