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Bloomington 61704
1907 Wakefield Lane
$520,000
● House - Off Market

1907 Wakefield Lane

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,506 Ft²
$542,804
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Here it is! A must see! Tipton Trails 5 bedroom, 3.5 bath beauty! Over 4,500 finished sq. ft. and an spacious open and bright floor plan. You'll love the 2 story great room with stone above the fireplace. The kitchen features Kraft Maid Cabinets and granite counters. Custom trim, lots of ceramic, hardwood and stone throughout, specialty lighting, so many upgrades! Granite counter added to the 1st floor primary suite bathroom. Solid wood doors throughout. Finished lower level includes gorgeous wet bar with granite counter top and walk out to the lake. New water heater and New sump pump with water back up in 2022. Anderson windows, aggregate/stamped concrete driveway. Lake views from most rooms are not to be missed!
Unit Size
4,506 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
House
Property Taxes
$1,043
HOA Dues
-
Year Built
2004

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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 #11419613)

Price History

Date / Event Date Event Price
Aug 15, 2022 Sold
Premium
Sold
May 31, 2022 Listed by Coldwell Banker Real Estate Group $525,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • 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: 9
  • Basement Type: 2
  • Basement Area: 1,869
  • Garage Type: 1
  • Garage Square Area: 694
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,080
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 840
  • Total Building Area: 5,419
  • Gross Building Area: 5,419
  • Building Area: 4,725
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 4,725
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIPTON TRAILS SUB
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: TIPTON TRAILS SUB 3RD ADD LOT 195

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 000506

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 14-25-455-010
  • Lot: 195
  • Meridian: SEC 25 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.5048
  • Longitude: -88.9297

    Address

  • Full Address: 1907 Wakefield Ln
  • Address - House Number: 1907
  • Address - Street Name: Wakefield
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R037
  • 4-Digit Zip Code: 9197
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,301,644
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 579,833
  • High Value: 674,934
  • Low Value: 484,732

    Market Valuation

  • Market Total Value: $459,933
  • Market Land Value: $82,965
  • Market Improvement Value: $376,968

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $153,311
  • Assessed Land Value: $27,655
  • Assessed Improvements Value: $125,656

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Aug 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15175
  • Previous Sale Recording Date: Apr 03, 2012
  • Previous Sale Contract Date: Mar 27, 2012
  • Previous Sale Amount: $437,500
  • 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:

$262,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2514 ft²

Average Home Age

60.8 years

Currently For Sale

102 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 3125 Old Jamestown Road, Bloomington, IL, 61704

$2,900 /mo

  • 4 Beds
  • 2 Baths
  • 3,196 ft²
3125 Old Jamestown Road, Bloomington, IL, 61704 Listing by Reshma Shah

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jimmy Mapugay, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11419613
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 1907 Wakefield Lane built and last sold?
The property at 1907 Wakefield Lane was built in 2004 and last sold on Aug 15, 2022 for $520,000.
How much is this home worth?
The estimated value of the home located at 1907 Wakefield Lane is $0.
What are some comparable homes to 1907 Wakefield Lane?
There are currently no comparable homes to 1907 Wakefield Lane.
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