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Bloomington 61704 Lakewood-Hillcrest
1523 N Hershey Road
$155,000
● House - Off Market

1523 N Hershey Road

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,430 Ft²
$154,132
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Pre-sold. Wonderful, move in ready home with 4 bedrooms, 2 full baths, large family room in lower level and a bonus room which could be made into a 5th bedroom with added egress. LVP on most of main level. Fenced back yard which backs to park area, spacious deck for cookout and entertaining. All appliances remain.
Unit Size
1,430 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$280
HOA Dues
$5
Year Built
1977

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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 #11833067)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
Jul 17, 2023 Listed by Keller Williams Revolution $155,000
Listed by Keller Williams Revolution

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 530
  • Garage Type: 1
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 6,786
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 590
  • Total Building Area: 2,272
  • Gross Building Area: 2,272
  • Building Area: 1,964
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,964
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD ESTATES
  • Land Acres: 0000000156
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LAKEWOOD ESTATES LOT 236 1ST ADD

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001105

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-36-154-018
  • Lot: 236
  • Meridian: SEC 36 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4977
  • Longitude: -88.9398

    Address

  • Full Address: 1523 N Hershey Rd
  • Address - House Number: 1523
  • Street Direction: N
  • Address - Street Name: Hershey
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C072
  • 4-Digit Zip Code: 2324
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $336,376
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2119
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 190,262
  • High Value: 230,590
  • Low Value: 149,935

    Market Valuation

  • Market Total Value: $136,737
  • Market Land Value: $28,929
  • Market Improvement Value: $107,808

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,579
  • Assessed Land Value: $9,643
  • Assessed Improvements Value: $35,936

    Sales

  • Current Sale Contract Date: Aug 18, 2023
  • Current Sale Recording Date: Aug 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11338
  • Previous Sale Recording Date: Oct 31, 2017
  • Previous Sale Contract Date: Oct 23, 2017
  • Previous Sale Amount: $126,500
  • 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 Lakewood-Hillcrest

Stats & Trends

Median Asking:

$222,950

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1602 ft²

Average Home Age

48.3 years

Currently For Sale

3 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: Ryan Leake, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11833067
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 1523 North Hershey Road built and last sold?
The property at 1523 North Hershey Road was built in 1977 and last sold on Aug 18, 2023 for $155,000.
How much is this home worth?
The estimated value of the home located at 1523 North Hershey Road is $0.
What are some comparable homes to 1523 North Hershey Road?
There are currently no comparable homes to 1523 North Hershey Road.
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