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Twin Grove 61705
14087 Royal Oaks Drive
$59,000
● Land - Off Market

14087 Royal Oaks Drive

Bloomington, IL 61705
bedrooms
Studio
bathrooms
0 Bath
$73,538
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Fully wooded buildable lot with city water.  Natural gas available along with other utilities.
Unit Size
-
Days on Market
-
Land Size
0.95 acres
Price per sqft
-
Property Type
Land
Property Taxes
$115
HOA Dues
-
Year Built
1977

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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 #11861784)

Price History

Date / Event Date Event Price
Sep 22, 2023 Sold
Premium
Sold
Aug 16, 2023 Listed by RE/MAX Choice $74,000
Listed by RE/MAX Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 609
  • Garage Type: 1
  • Garage Square Area: 1,014
  • Parking Space Count: 4
  • Patio Type: 79
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,768
  • Total Building Area: 1,984
  • Gross Building Area: 1,984
  • Building Area: 1,984
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,984
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROYAL OAKS ESTATES
  • Land Acres: 0000000890
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: ROYAL OAKS ESTATES IN SW 34-24-1E LOT 4

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 005201

Geography

  • District: 14
  • Parcel: 13-34-378-014
  • Lot: 4
  • Meridian: SEC 34 TWN 24N RNG 01E
  • Municipality: DRY GROVE
  • Latitude: 40.489
  • Longitude: -89.0899

    Address

  • Full Address: 14087 Royal Oaks Dr
  • Address - House Number: 14087
  • Address - Street Name: Royal Oaks
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R004
  • 4-Digit Zip Code: 6922
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $854,572
  • Tax Rate Code Area: 1402

    Appraisal Valuation

  • Standard Deviation: 0.1724
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 404,179
  • High Value: 473,885
  • Low Value: 334,474

    Market Valuation

  • Market Total Value: $392,418
  • Market Land Value: $53,823
  • Market Improvement Value: $338,595

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,806
  • Assessed Land Value: $17,941
  • Assessed Improvements Value: $112,865

    Sales

  • Current Sale Contract Date: Sep 22, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13261
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 Twin Grove

Stats & Trends

Median Asking:

$432,500

Sale Price/ft²

$136

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3480 ft²

Average Home Age

46.5 years

Currently For Sale

2 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# 11861784
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 14087 Royal Oaks Drive built and last sold?
The property at 14087 Royal Oaks Drive was built in 1977 and last sold on Sep 22, 2023 for $333,000.
How much is this home worth?
The estimated value of the home located at 14087 Royal Oaks Drive is $74,740.
What are some comparable homes to 14087 Royal Oaks Drive?
There are currently no comparable homes to 14087 Royal Oaks Drive.
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