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1404 East Olive Street

1404 East Olive Street, Bloomington, IL 61701
Property in Founders Grove
Sold Oct 07, 2021
$238,667
$214,740 by Cmg Mortgage Inc
Mortgage Due Oct 01, 2051
Sold Dec 18, 2013
$209,000
$198,550 by Busey Bank
Mortgage Due Jan 01, 2044
1404 East Olive Street has been categorized by the local assessors in Bloomington, IL as a residential type of property. The building on the property was first built in 1925 and is 99 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1404 East Olive Street has 2,521 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 550 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,290 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 7,775 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 480 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as unknown. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of brick. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1404 East Olive Street sold most recently in Sep 27, 2021 for a total of $238,667. If you work out the math, that's approximately a cost of $94.67 per sqft. Before that, the property was also sold for $209,000 in Dec 12, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,993 in taxes each year. 1404 East Olive Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $76,516. If we break it down further, the land itself was valued at $11,486. Improvements to the property, however, were assessed at a total of $65,030. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Exterior Walls Type: Brick
  • Interior Walls Type: Plaster
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 550
  • Garage Type: Detached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,775
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,521
  • Gross Building Area: 2,764
  • Building Area: 2,521
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,521
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FRINK & DOOLEYS GROVELAND SUB
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FRINK & DOOLEYS GROVELAND SUB 3.46A E1/2 3-23-2E LOT 11

Ownership

  • Current Owner : CREACH KYLE G
  • Current Owner 2: PRITCHARD MOLLY J
  • Previous Owner : WARNER TRISHA L
  • Previous Owner 2: VOKOUN RICHARD C
  • Owner Before Previous Owner: REEVES SAMUEL
  • Owner Before Previous Owner 2: REEVES SARA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001800

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-03-431-013
  • Lot: 11
  • Meridian: SEC 03 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4776
  • Longitude: -88.9673

    Address

  • Full Address: 1404 E Olive St
  • Address - House Number: 1404
  • Street Direction: E
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C071
  • 4-Digit Zip Code: 5710
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,993
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 288,177
  • High Value: 343,510
  • Low Value: 232,844

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $214,740
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Oct 07, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $214,740
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $229,548
  • Market Land Value: $34,458
  • Market Improvement Value: $195,090

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,516
  • Assessed Land Value: $11,486
  • Assessed Improvements Value: $65,030

    Sales

  • Current Sale Contract Date: Sep 27, 2021
  • Current Sale Recording Date: Oct 07, 2021
  • Current Sale Transaction ID: 11858974910
  • Current Sale Price: $238,667
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-00024181
  • Previous Sale Recording Date: Dec 18, 2013
  • Previous Sale Contract Date: Dec 12, 2013
  • Previous Sale Amount: $209,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Oct 07, 2021
  • First Mortgage Loan Amount: $214,740
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: BUSEY BANK
  • Previous Mortgage Transaction Date: Dec 18, 2013
  • Previous Mortgage Loan Amount: $198,550
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jan 01, 2044

About Founders Grove



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Frequently Asked Questions

What neighborhood is 1404 East Olive Street located in?
The 1404 East Olive Street is a located in the neighborhood of Founders Grove in Founders Grove, Bloomington.
What is the average sales price for listings in 1404 East Olive Street?
The average sales price for units in 1404 East Olive Street is $0 currently.

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