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McLean 61705
14576 Mark Lane
$220,000
● House - Off Market

14576 Mark Lane

Bloomington, IL 61705
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,812 Ft²
$220,269
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

BACK ON MARKET! Buyer financing fell through. Move-in ready! Minutes to downtowns Bloomington and Normal. Fully remodeled in 2022. Many new updates include new kitchen cabinets, new countertops, new appliances, new light fixtures, new vinyl plank flooring throughout, new HVAC 10-year with transferable warranty. Both bathrooms remodeled with all new fixtures. New insulated vinyl windows. New front and rear sliding doors. Home freshly painted inside and out. Newer wood deck 24'x16'. Large fully fenced yard with no rear neighbors. New water heater and owned water softener. Gas start fireplace. Small, quiet neighborhood with a 2-acre park and pavilion. Association dues are $150 per year. Shared well yearly fee $60. Septic pumped and new baffle installed. All information believed to be accurate but not warranted.
Unit Size
1,812 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$121
Property Type
House
Property Taxes
$284
HOA Dues
$8
Year Built
1966

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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 #11700212)

Price History

Date / Event Date Event Price
Jun 6, 2023 Sold
Premium
Sold
Jan 12, 2023 Listed by eXp Realty LLC Chicago $219,900
Listed by eXp Realty LLC Chicago

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • 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: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 1,812
  • Gross Building Area: 1,812
  • Building Area: 1,812
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,812
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY ACRES 2ND ADD
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: COUNTRY ACRES 2ND ADD LOT 41

Neighborhood

  • School District Name: Heyworth Community Unit School District 4
  • Census Tract: 005401

Geography

  • District: 25
  • Parcel: 28-04-201-004
  • Lot: 41
  • Meridian: SEC 04 TWN 22N RNG 02E
  • Municipality: RANDOLPH
  • Latitude: 40.4002
  • Longitude: -88.988

    Address

  • Full Address: 14576 Mark Ln
  • Address - House Number: 14576
  • Address - Street Name: Mark
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R013
  • 4-Digit Zip Code: 5652
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $349,882
  • Tax Rate Code Area: 2503

    Appraisal Valuation

  • Standard Deviation: 0.1589
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 210,672
  • High Value: 244,161
  • Low Value: 177,183

    Market Valuation

  • Market Total Value: $144,249
  • Market Land Value: $44,211
  • Market Improvement Value: $100,038

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,083
  • Assessed Land Value: $14,737
  • Assessed Improvements Value: $33,346

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: Jun 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 7543
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 McLean

Stats & Trends

Median Asking:

$264,900

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2429 ft²

Average Home Age

53.2 years

Currently For Sale

213 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: Tim Nord, eXp Realty LLC Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11700212
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 14576 Mark Lane built and last sold?
The property at 14576 Mark Lane was built in 1966 and last sold on May 30, 2023 for $220,000.
How much is this home worth?
The estimated value of the home located at 14576 Mark Lane is $0.
What are some comparable homes to 14576 Mark Lane?
There are currently no comparable homes to 14576 Mark Lane.
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