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Bloomington 61701 South Hill
1501 Wilson Street
$148,000
● House - Off Market

1501 Wilson Street

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,128 Ft²
$921
Est. Monthly
6.18%
Cap Rate

About This Property

You will love this cute 2 bedroom, 2 full bathroom bungalow on a corner lot in a quiet neighborhood in Bloomington! This home features a great enclosed front porch, good sized family room, spacious eat-in kitchen with ample cabinetry & counterspace, tons of light and hardwood floors throughout. There are two bedrooms, which includes a large primary bedroom with walk-in closet and built in shelf as well as a second bedroom. You will love the updated bath with walk in shower and designer vanity. Dry basement with shower & toilet and lots of storage space! Fenced yard with patio area and 2 car detached garage!
Unit Size
1,128 Ft²
Days on Market
-
Land Size
-
Price per sqft
$128
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1925

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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 #12010068)

Price History

Date / Event Date Event Price
Apr 24, 2024 Sold
Premium
Sold
Mar 22, 2024 Listed by RE/MAX Rising $144,900
Listed by RE/MAX Rising

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 5,337
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 590
  • Total Building Area: 1,128
  • Gross Building Area: 1,288
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BENTS ADD
  • Land Acres: 0000000123
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: BENTS ADD LOT 1 BLK 1

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 005900

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-09-405-012
  • Block: 1
  • Lot: 1
  • Meridian: SEC 09 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4648
  • Longitude: -88.9904

    Address

  • Full Address: 1501 Wilson St
  • Address - House Number: 1501
  • Address - Street Name: Wilson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C010
  • 4-Digit Zip Code: 6731
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $250,768
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2112
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 145,887
  • High Value: 176,710
  • Low Value: 115,064

    Market Valuation

  • Market Total Value: $106,518
  • Market Land Value: $19,446
  • Market Improvement Value: $87,072

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,506
  • Assessed Land Value: $6,482
  • Assessed Improvements Value: $29,024

    Sales

  • Current Sale Contract Date: Aug 24, 2016
  • Current Sale Recording Date: Aug 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-00016357
  • Previous Sale Recording Date: May 08, 2007
  • Previous Sale Contract Date: Apr 27, 2007
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 71
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 South Hill

Stats & Trends

Median Asking:

$160,000

Sale Price/ft²

$99

Below Asking

0.03%

Average Days on Market

40

Average Home Size

1449 ft²

Average Home Age

118 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

Unit for rent at 1313 E Washington Street, Bloomington, IL, 61701

$2,400 /mo

  • 5 Beds
  • 2 Baths
  • 3,525 ft²
1313 E Washington Street, Bloomington, IL, 61701 Listing by Colleen Zerebny
Unit for rent at 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Noelle Burns, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 12010068
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 1501 Wilson Street built and last sold?
The property at 1501 Wilson Street was built in 1925 and last sold on Aug 24, 2016 for $95,000.
How much is this home worth?
The estimated value of the home located at 1501 Wilson Street is $0.
What are some comparable homes to 1501 Wilson Street?
There are currently no comparable homes to 1501 Wilson Street.
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