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Bloomington 61704
1516 Paddington Drive
$275,000
● House - Off Market

1516 Paddington Drive

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,214 Ft²
$299,258
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Beautiful home with lots of charm!  This Bob Rist built home offers 9 feet ceilings on the first floor and all wood or tile flooring, built-in shelving, brick fireplace, crown molding, HUGE eat-in kitchen w/butler's pantry and a closet pantry, island, and skylight. The second floor has 4 bedrooms - The primary bedroom has two closets, one being a walk-in closet and an ensuite with double vanity, separate shower/bath and a skylight.  The finish basement has plenty of space that can be used as an exercise room, recreation room, a den, storage area, full bath and a wine cellar!  AWESOME fenced backyard with stone patio that offers an outdoor built-in grill, fireplace & hot tub!  Home is located near Constitution Trail, parks, soccer/baseball fields, gyms & minutes away from State Farm.
Unit Size
4,214 Ft²
Days on Market
-
Land Size
-
Price per sqft
$63
Property Type
House
Property Taxes
$548
HOA Dues
-
Year Built
1990

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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 #11162220)

Price History

Date / Event Date Event Price
Oct 25, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by Coldwell Banker Real Estate Group $265,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • 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: 1,033
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 106
  • 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: 4,235
  • Gross Building Area: 4,235
  • Building Area: 3,697
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,697
  • 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 388

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-12-354-008
  • Lot: 388
  • Meridian: SEC 12 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4598
  • Longitude: -88.9409

    Address

  • Full Address: 1516 Paddington Dr
  • Address - House Number: 1516
  • 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: $709,034
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 393,250
  • High Value: 464,317
  • Low Value: 322,182

    Market Valuation

  • Market Total Value: $268,281
  • Market Land Value: $39,117
  • Market Improvement Value: $229,164

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $89,427
  • Assessed Land Value: $13,039
  • Assessed Improvements Value: $76,388

    Sales

  • Current Sale Contract Date: Nov 01, 2021
  • Current Sale Recording Date: Nov 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00026172
  • Previous Sale Recording Date: Oct 13, 2010
  • Previous Sale Contract Date: Oct 08, 2010
  • Previous Sale Amount: $246,500
  • 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 Bloomington

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2442 ft²

Average Home Age

60.1 years

Currently For Sale

101 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Monica Washington, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11162220
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 1516 Paddington Drive built and last sold?
The property at 1516 Paddington Drive was built in 1990 and last sold on Nov 1, 2021 for $275,000.
How much is this home worth?
The estimated value of the home located at 1516 Paddington Drive is $0.
What are some comparable homes to 1516 Paddington Drive?
There are currently no comparable homes to 1516 Paddington Drive.
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