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McLean 61705
16124 Raintree Road
$319,000
● House - Off Market

16124 Raintree Road

Bloomington, IL 61705
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,497 Ft²
$310,388
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

This home is in sought-after Crestwicke!  It has .52 acre and zero backyard neighbors.  This home is truly made for both entertaining and everyday living.  The eat-in kitchen has plenty of cabinets and a roomy pantry with a fabulous nook!  There are 4 bedrooms, 2 flex rooms (one could be a dedicated office) 2 1/2 UPDATED bathrooms, a dining room plus 2 family rooms which makes it ideal for gatherings and family!  The attached 2 car garage is oversized.  Big enough for your lawnmower and tools.  Outside you will enjoy the wraparound porch and large deck. The underground fence and water feature completes the outside! This home has been well-cared for and ready for its new owners. Welcome home!
Unit Size
3,497 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$88
Property Type
House
Property Taxes
$431
HOA Dues
$4
Year Built
1988

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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 #11729413)

Price History

Date / Event Date Event Price
May 10, 2023 Sold
Premium
Sold
Mar 21, 2023 Listed by Keller Williams Revolution $308,000
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 495
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 1,328
  • Gross Building Area: 1,328
  • Building Area: 1,328
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,328
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRESTWICKE CC ESTATES
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: CRESTWICKE CC ESTATES LOT 34

Neighborhood

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

Geography

  • District: 5
  • Parcel: 21-35-101-004
  • Lot: 34
  • Meridian: SEC 35 TWN 23N RNG 02E
  • Municipality: BLOOMINGTON
  • Latitude: 40.4145
  • Longitude: -88.9588

    Address

  • Full Address: 16124 Raintree Rd
  • Address - House Number: 16124
  • Address - Street Name: Raintree
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R013
  • 4-Digit Zip Code: 5552
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $544,082
  • Tax Rate Code Area: 503

    Appraisal Valuation

  • Standard Deviation: 0.1878
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 313,994
  • High Value: 372,979
  • Low Value: 255,008

    Market Valuation

  • Market Total Value: $215,883
  • Market Land Value: $49,233
  • Market Improvement Value: $166,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,961
  • Assessed Land Value: $16,411
  • Assessed Improvements Value: $55,550

    Sales

  • Current Sale Contract Date: May 01, 2023
  • Current Sale Recording Date: May 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6079
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:

$265,000

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2426 ft²

Average Home Age

53.5 years

Currently For Sale

212 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: Chrissy Hamilton, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11729413
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 16124 Raintree Road built and last sold?
The property at 16124 Raintree Road was built in 1988 and last sold on May 1, 2023 for $319,000.
How much is this home worth?
The estimated value of the home located at 16124 Raintree Road is $0.
What are some comparable homes to 16124 Raintree Road?
There are currently no comparable homes to 16124 Raintree Road.
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