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Bloomington 61701 Irvin Park
1303 Welling Street
$215,000
● House - Off Market

1303 Welling Street

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,428 Ft²
$242,265
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Welcome to this lovely quad level. Enjoy the beautiful hardwood floors as you enter on the main level. The kitchen has been updated and is open to the dining room and the sun room. Sip your morning coffee and enjoy the sound of the birds chirping in the mornings with the private backyard. Upstairs you will find three bedrooms and a full bathroom. Downstairs, off of the kitchen, you will find a huge family room with a gas fireplace and a full bathroom. The heated four car garage is off of this level. If you need space to work on your toys, this is it!!!! The laundry room, utility room, and a huge bonus room are in the lowest level. There is tons of storage in this home. If you want a move in ready home, in a quiet neighborhood, don't miss this one!
Unit Size
2,428 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$91
Property Type
House
Property Taxes
$222
HOA Dues
-
Year Built
1964

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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 #11224836)

Price History

Date / Event Date Event Price
Dec 30, 2021 Sold
Premium
Sold
Sep 20, 2021 Listed by RE/MAX Rising $219,900
Listed by RE/MAX Rising

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 39
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 1,196
  • Garage Type: 1
  • Garage Square Area: 830
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 13,167
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,244
  • Gross Building Area: 3,426
  • Building Area: 1,790
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,790
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BENSONS OAK GROVE SUB
  • Land Acres: 0000000302
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: BENSONS OAK GROVE SUB SUB PT LOT 4 & 15 SUB SE 8-23-2E LOT 18

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 001404

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 21-08-454-008
  • Lot: 4,15
  • Meridian: SEC 08 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.46
  • Longitude: -89.0095

    Address

  • Full Address: 1303 Welling St
  • Address - House Number: 1303
  • Address - Street Name: Welling
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R020
  • 4-Digit Zip Code: 8319
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $491,648
  • Tax Rate Code Area: 4007

    Appraisal Valuation

  • Standard Deviation: 0.1577
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 254,045
  • High Value: 294,117
  • Low Value: 213,973

    Market Valuation

  • Market Total Value: $187,536
  • Market Land Value: $50,418
  • Market Improvement Value: $137,118

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,512
  • Assessed Land Value: $16,806
  • Assessed Improvements Value: $45,706

    Sales

  • Current Sale Contract Date: Dec 30, 2021
  • Current Sale Recording Date: Jan 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 652
  • Previous Sale Recording Date: Jan 12, 2022
  • Previous Sale Contract Date: Dec 30, 2021
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 27
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 Irvin Park

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$149

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2732 ft²

Average Home Age

40.3 years

Currently For Sale

0 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 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: McKenzie Sylvester, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11224836
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 1303 Welling Street built and last sold?
The property at 1303 Welling Street was built in 1964 and last sold on Dec 30, 2021 for $215,000.
How much is this home worth?
The estimated value of the home located at 1303 Welling Street is $0.
What are some comparable homes to 1303 Welling Street?
There are currently no comparable homes to 1303 Welling Street.
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