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Bloomington 61701
1406 Cottage Avenue
$42,000
● House - Off Market

1406 Cottage Avenue

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
2 Baths
square feet
648 Ft²
$47,637
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Invester or first-time buyer property, covered front porch 2-bedroom, 2 bath with one car garage. maintenance free siding, kitchen with refrigerator and gas stove. full basement with washer and dryer and bath.
Unit Size
648 Ft²
Days on Market
-
Land Size
-
Price per sqft
$69
Property Type
House
Property Taxes
$127
HOA Dues
-
Year Built
1900

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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 #11675097)

Price History

Date / Event Date Event Price
Jan 3, 2023 Sold
Premium
Sold
Nov 17, 2022 Listed by Coldwell Banker Real Estate Group $45,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 109
  • Garage Type: 3
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 4,829
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 700
  • Total Building Area: 757
  • Gross Building Area: 853
  • Building Area: 648
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 648
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HINSHAWS SUB
  • Land Acres: 0000000111
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: HINSHAWS SUB SE SW (EX S110) E70 LOT 1

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 087
  • Census Tract: 001403

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-32-377-006
  • Lot: 1
  • Meridian: SEC 32 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4914
  • Longitude: -89.0111

    Address

  • Full Address: 1406 Cottage Ave
  • Address - House Number: 1406
  • Address - Street Name: Cottage
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R007
  • 4-Digit Zip Code: 1502
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $166,952
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2237
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 69
  • Final Value: 84,451
  • High Value: 103,346
  • Low Value: 65,556

    Market Valuation

  • Market Total Value: $58,932
  • Market Land Value: $16,827
  • Market Improvement Value: $42,105

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,644
  • Assessed Land Value: $5,609
  • Assessed Improvements Value: $14,035

    Sales

  • Current Sale Contract Date: Jan 03, 2023
  • Current Sale Recording Date: Jan 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 818
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:

$262,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2482 ft²

Average Home Age

60.3 years

Currently For Sale

101 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: Mark Haeffele, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11675097
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 1406 Cottage Avenue built and last sold?
The property at 1406 Cottage Avenue was built in 1900 and last sold on Jan 3, 2023 for $67,333.
How much is this home worth?
The estimated value of the home located at 1406 Cottage Avenue is $0.
What are some comparable homes to 1406 Cottage Avenue?
There are currently no comparable homes to 1406 Cottage Avenue.
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