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Bloomington 61704
1506 Paddington Drive
$330,000
● House - Off Market

1506 Paddington Drive

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,990 Ft²
$2,241
Est. Monthly
10.82%
Cap Rate

About This Property

All the space you need and a POOL in this 4 bedroom 4 bathroom home in Bloomington! This home offers a large open kitchen, Family room with fireplace and built-ins, plus a 16x26 3 seasons room is great additional space to entertain. Heated 3 car garage and new AC in 2024 keep you cool & hot where you want when you want! Get it be fore it's gone!
Unit Size
2,990 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$110
Property Type
House
Property Taxes
$620
HOA Dues
-
Year Built
1993

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 6
  • Basement Area: 865
  • Garage Type: 1
  • Garage Square Area: 660
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,167
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 740
  • Total Building Area: 3,815
  • Gross Building Area: 4,304
  • Building Area: 2,720
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,720
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLINGBROOK SUB
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: ROLLINGBROOK SUB 6TH ADD LOT 383

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001108

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-12-354-003
  • Lot: 383
  • Meridian: SEC 12 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4608
  • Longitude: -88.9409

    Address

  • Full Address: 1506 Paddington Dr
  • Address - House Number: 1506
  • Address - Street Name: Paddington
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C077
  • 4-Digit Zip Code: 7621
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $581,136
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 317,325
  • High Value: 379,785
  • Low Value: 254,865

    Market Valuation

  • Market Total Value: $223,134
  • Market Land Value: $39,117
  • Market Improvement Value: $184,017

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,378
  • Assessed Land Value: $13,039
  • Assessed Improvements Value: $61,339

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Oct 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-00021455
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:

$262,500

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2471 ft²

Average Home Age

60.2 years

Currently For Sale

99 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

$2,700 /mo

  • 5 Beds
  • 2 Baths
  • 3,525 ft²
1313 E Washington Street, Bloomington, IL, 61701 Listing by Colleen Zerebny

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Matthew Hansen, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12474772
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 1506 Paddington Drive built and last sold?
The property at 1506 Paddington Drive was built in 1993 and last sold on Sep 30, 2020 for $240,000.
How much is this home worth?
The estimated value of the home located at 1506 Paddington Drive is $0.
What are some comparable homes to 1506 Paddington Drive?
There are currently no comparable homes to 1506 Paddington Drive.
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