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Bloomington 61704
1308 Mount Vernon Drive
$175,500
● House - Off Market

1308 Mount Vernon Drive

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,702 Ft²
$959
Est. Monthly
15.50%
Cap Rate

About This Property

Welcome to 1308 Mount Vernon, Bloomington! This completely renovated bi-level home offers 4 beds, 1.5 baths, and a range of updates including new kitchen, bathroom, carpeting, and interior paint. Enjoy a walk-out deck, storage shed, and planter boxes for vegetables, blending modern convenience with outdoor charm.
Unit Size
1,702 Ft²
Days on Market
-
Land Size
-
Price per sqft
$91
Property Type
House
Property Taxes
$198
HOA Dues
-
Year Built
1965

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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 #12020751)

Price History

Date / Event Date Event Price
Jun 27, 2024 Sold
Premium
Sold
May 29, 2024 Listed by RE/MAX Rising $155,000
Listed by RE/MAX Rising

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 408
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 5,999
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,284
  • Gross Building Area: 1,284
  • Building Area: 1,284
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,284
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY KNOLLS
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SECOND ADD TO HOLIDAY KNOLLS LOT 181

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-35-403-018
  • Lot: 181
  • Meridian: SEC 35 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4939
  • Longitude: -88.9497

    Address

  • Full Address: 1308 Mount Vernon Dr
  • Address - House Number: 1308
  • Address - Street Name: Mount Vernon
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C034
  • 4-Digit Zip Code: 2228
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $222,704
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2119
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 137,178
  • High Value: 166,254
  • Low Value: 108,102

    Market Valuation

  • Market Total Value: $78,612
  • Market Land Value: $19,107
  • Market Improvement Value: $59,505

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,204
  • Assessed Land Value: $6,369
  • Assessed Improvements Value: $19,835

    Sales

  • Current Sale Contract Date: Jun 26, 2017
  • Current Sale Recording Date: Jul 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-00013205
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

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MRED

Listed by: Brandon Holtz, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 12020751
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 1308 Mt Vernon Drive built and last sold?
The property at 1308 Mt Vernon Drive was built in 1965 and last sold on Jun 26, 2017 for $86,000.
How much is this home worth?
The estimated value of the home located at 1308 Mt Vernon Drive is $0.
What are some comparable homes to 1308 Mt Vernon Drive?
There are currently no comparable homes to 1308 Mt Vernon Drive.
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