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Bloomington 61701 Evergreen Place
1507 N Morris Avenue
$87,500
● House - Off Market

1507 N Morris Avenue

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,200 Ft²
$99,277
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Rare investment opportunity on NORTH Morris just north of Seminary Street. This 3 bedroom, 1.5 bath with an oversized 1 car garage ready to flip or update and rent. Seller has materials on order and will include kitchen cabinets from Hamptons, doors and windows (Except big bay window and front door) in the sale. Property sold AS-IS.. Cash buyers or construction loans preferred.  This ranch is located on a cul-de-sac and sits on almost 1/2 acre.   Roof 2023.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$83
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1975

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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 #11849051)

Price History

Date / Event Date Event Price
Sep 14, 2023 Sold
Premium
Sold
Aug 4, 2023 Listed by RE/MAX Rising $99,900
Listed by RE/MAX Rising

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 1
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 1,200
  • Garage Type: 4
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 21,654
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 2,400
  • Gross Building Area: 2,400
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POWERS SUB
  • Land Acres: 0000000497
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: POWERS SUB LOT 17 & 18 WORRELLS & EWINGS ADD S15 LOT 1 & ALL LOTS 2 & 3

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001403

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-32-403-021
  • Lot: 17,18
  • Meridian: SEC 32 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4926
  • Longitude: -89.0071

    Address

  • Full Address: 1507 N Morris Ave
  • Address - House Number: 1507
  • Street Direction: N
  • Address - Street Name: Morris
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C021
  • 4-Digit Zip Code: 1545
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $329,400
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 160,069
  • High Value: 193,364
  • Low Value: 126,775

    Market Valuation

  • Market Total Value: $116,274
  • Market Land Value: $43,467
  • Market Improvement Value: $72,807

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,758
  • Assessed Land Value: $14,489
  • Assessed Improvements Value: $24,269

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17374
  • Previous Sale Recording Date: Aug 11, 2023
  • Previous Sale Contract Date: Jul 13, 2023
  • Previous Sale Amount: $46,909
  • Previous Sale Document Type: 68
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 Evergreen Place

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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 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: Allison Smith, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11849051
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 1507 North Morris Avenue built and last sold?
The property at 1507 North Morris Avenue was built in 1975 and last sold on Dec 15, 2023 for $175,000.
How much is this home worth?
The estimated value of the home located at 1507 North Morris Avenue is $0.
What are some comparable homes to 1507 North Morris Avenue?
There are currently no comparable homes to 1507 North Morris Avenue.
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