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Bloomington 61704
1505 Broad Creek Road
$310,000
● House - Off Market

1505 Broad Creek Road

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,532 Ft²
$341,529
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Pre-sold
Unit Size
2,532 Ft²
Days on Market
-
Land Size
-
Price per sqft
$122
Property Type
House
Property Taxes
$527
HOA Dues
-
Year Built
1999

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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 #11238077)

Price History

Date / Event Date Event Price
Dec 3, 2021 Sold
Premium
Sold
Oct 5, 2021 Listed by Keller Williams Revolution $310,000
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 428
  • Garage Type: 1
  • Garage Square Area: 691
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,043
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 850
  • Total Building Area: 3,651
  • Gross Building Area: 3,987
  • Building Area: 2,960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOLDEN EAGLE SUB
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 157 GOLDEN EAGLE SUB

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 005104

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 15-31-126-011
  • Lot: 157
  • Meridian: SEC 31 TWN 24N RNG 03E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.5019
  • Longitude: -88.9136

    Address

  • Full Address: 1505 Broad Creek Rd
  • Address - House Number: 1505
  • Address - Street Name: Broad Creek
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R036
  • 4-Digit Zip Code: 8525
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $746,132
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 358,231
  • High Value: 422,433
  • Low Value: 294,028

    Market Valuation

  • Market Total Value: $271,326
  • Market Land Value: $56,085
  • Market Improvement Value: $215,241

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,442
  • Assessed Land Value: $18,695
  • Assessed Improvements Value: $71,747

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Dec 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00029093

    Financing

  • First Mortgage Financing Type: FIX
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:

$259,900

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2467 ft²

Average Home Age

60.2 years

Currently For Sale

98 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 3125 Old Jamestown Road, Bloomington, IL, 61704

$2,850 /mo

  • 4 Beds
  • 2 Baths
  • 3,196 ft²
3125 Old Jamestown Road, Bloomington, IL, 61704 Listing by Reshma Shah

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Emily Buhrow, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11238077
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 1505 Broad Creek Road built and last sold?
The property at 1505 Broad Creek Road was built in 1999 and last sold on Dec 3, 2021 for $310,000.
How much is this home worth?
The estimated value of the home located at 1505 Broad Creek Road is $0.
What are some comparable homes to 1505 Broad Creek Road?
There are currently no comparable homes to 1505 Broad Creek Road.
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