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Bloomington 61704
1244 Royal Pointe Drive
$279,000
● House - Off Market

1244 Royal Pointe Drive

Bloomington, IL 61704
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,280 Ft²
$277,657
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Beautifully Updated 3 Bed, 3 Bath Ranch on a large corner lot in east Bloomington.  Items less than 10 yo: HVAC, roof, Kit granite counters, new flooring, DW, and more.  Large spacious rooms with open design family/kitchen area.  Finished basement with full bath and large storage/shop area or possible 4th bed .  All this located on a spacious sized 90X115 corner lot with 5 minutes of all just about anything you need.
Unit Size
3,280 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$85
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1995

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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 #11871454)

Price History

Date / Event Date Event Price
Sep 25, 2023 Sold
Premium
Sold
Sep 2, 2023 Listed by RE/MAX Choice $279,400
Listed by RE/MAX Choice

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 5
  • Basement Area: 396
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,409
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,564
  • Gross Building Area: 2,564
  • Building Area: 1,640
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,640
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROYAL POINTE SUB
  • Land Acres: 0000000239
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 128 ROYAL POINTE SUB 5TH ADD

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: 14-36-408-030
  • Lot: 128
  • Meridian: SEC 36 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4955
  • Longitude: -88.9309

    Address

  • Full Address: 1244 Royal Pointe Dr
  • Address - House Number: 1244
  • Address - Street Name: Royal Pointe
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R018
  • 4-Digit Zip Code: 8212
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $551,908
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 269,845
  • High Value: 319,299
  • Low Value: 220,390

    Market Valuation

  • Market Total Value: $220,383
  • Market Land Value: $40,326
  • Market Improvement Value: $180,057

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,461
  • Assessed Land Value: $13,442
  • Assessed Improvements Value: $60,019

    Sales

  • Current Sale Contract Date: Sep 25, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13407
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

2471 ft²

Average Home Age

60.2 years

Currently For Sale

99 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: Cindy Eckols, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11871454
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 1244 Royal Pointe Drive built and last sold?
The property at 1244 Royal Pointe Drive was built in 1995 and last sold on Sep 25, 2023 for $279,000.
How much is this home worth?
The estimated value of the home located at 1244 Royal Pointe Drive is $0.
What are some comparable homes to 1244 Royal Pointe Drive?
There are currently no comparable homes to 1244 Royal Pointe Drive.
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