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Bloomington 61701 Irvin Park
1508 Sweetbriar Drive
$450,000
● House - Off Market

1508 Sweetbriar Drive

Bloomington, IL 61701
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,909 Ft²
$3,025
Est. Monthly
5.16%
Cap Rate

About This Property

Coming soon! Trees, trees & privacy, custom blt 2-story w/3-c gar on exceptional treed lot, main lvl mstr ste & bath, 2-story great rm w/FP, cherry kit, fnshd lwr lvl w/W-O, wet bar, 3 bdrms up, study, must see. Roof & appliances 2023, High efficiency HVAC 2022
Unit Size
2,909 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$155
Property Type
House
Property Taxes
$814
HOA Dues
-
Year Built
2001

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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 #11930614)

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 928
  • Garage Type: 1
  • Garage Square Area: 679
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 29,185
  • Lot Size Depth Feet: 2,790
  • Lot Size Frontage Feet: 880
  • Total Building Area: 4,516
  • Gross Building Area: 4,516
  • Building Area: 3,837
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,837
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLAND RIDGE 7TH ADD
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: WOODLAND RIDGE 7TH ADD LOT 55

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 001404

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 21-08-332-004
  • Lot: 55
  • Meridian: SEC 08 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4635
  • Longitude: -89.0127

    Address

  • Full Address: 1508 Sweetbriar Dr
  • Address - House Number: 1508
  • Address - Street Name: Sweetbriar
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R020
  • 4-Digit Zip Code: 8325
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $977,336
  • Tax Rate Code Area: 4007

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 455,674
  • High Value: 541,144
  • Low Value: 370,203

    Market Valuation

  • Market Total Value: $355,017
  • Market Land Value: $75,540
  • Market Improvement Value: $279,477

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $118,339
  • Assessed Land Value: $25,180
  • Assessed Improvements Value: $93,159

    Sales

  • Current Sale Contract Date: Dec 29, 2023
  • Current Sale Recording Date: Jan 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 187
  • Previous Sale Recording Date: Mar 29, 2007
  • Previous Sale Contract Date: Feb 26, 2007
  • Previous Sale Amount: $365,000
  • 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 Irvin Park

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$149

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2732 ft²

Average Home Age

40.3 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

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MRED

Listed by: Keith Troutman, BHHS Central Illinois, REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11930614
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 1508 Sweetbriar Drive built and last sold?
The property at 1508 Sweetbriar Drive was built in 2001 and last sold on Dec 29, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 1508 Sweetbriar Drive is $0.
What are some comparable homes to 1508 Sweetbriar Drive?
There are currently no comparable homes to 1508 Sweetbriar Drive.
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