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McLean 61705
16035 Garnet Lane
$550,000
● House - Off Market

16035 Garnet Lane

Bloomington, IL 61705
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,690 Ft²
$3,321
Est. Monthly
6.75%
Cap Rate
Unit Size
4,690 Ft²
Days on Market
-
Land Size
-
Price per sqft
$113
Property Type
House
Property Taxes
$722
HOA Dues
-
Year Built
2005

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 2,337
  • Gross Building Area: 2,337
  • Building Area: 2,337
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,337
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GABRIEL HILLS
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: GABRIEL HILLS SUB LOT 10 PT NW 26-23-2E

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 002102

Geography

  • District: 5
  • Parcel: 21-26-103-002
  • Lot: 10
  • Meridian: SEC 26 TWN 23N RNG 02E
  • Municipality: BLOOMINGTON
  • Latitude: 40.4256
  • Longitude: -88.9602

    Address

  • Full Address: 16035 Garnet Ln
  • Address - House Number: 16035
  • Address - Street Name: Garnet
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R013
  • 4-Digit Zip Code: 6454
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $746,658
  • Tax Rate Code Area: 503

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 387,958
  • High Value: 457,901
  • Low Value: 318,015

    Market Valuation

  • Market Total Value: $289,560
  • Market Land Value: $50,829
  • Market Improvement Value: $238,731

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,520
  • Assessed Land Value: $16,943
  • Assessed Improvements Value: $79,577

    Sales

  • Current Sale Contract Date: Apr 06, 2018
  • Current Sale Recording Date: Apr 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-00005505
  • Previous Sale Recording Date: May 16, 2005
  • Previous Sale Contract Date: May 12, 2005
  • Previous Sale Amount: $46,000
  • 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 McLean

Stats & Trends

Median Asking:

$264,900

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2429 ft²

Average Home Age

53.2 years

Currently For Sale

213 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

Rentals Near You

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MRED

Listed by: Stacia Jewett, Keller Williams Revolution
Data Source: MRED, MLS# MRD12460577
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 16035 Garnet Lane built and last sold?
The property at 16035 Garnet Lane was built in 2005 and last sold on Apr 6, 2018 for $274,000.
How much is this home worth?
The estimated value of the home located at 16035 Garnet Lane is $0.
What are some comparable homes to 16035 Garnet Lane?
There are currently no comparable homes to 16035 Garnet Lane.
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