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Bloomington 61704
2004 Wakefield Lane
$525,000
● House - Off Market

2004 Wakefield Lane

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,530 Ft²
$3,477
Est. Monthly
4.56%
Cap Rate

About This Property

Welcome to this beautiful 5-bedroom, 3.5-bath home in desirable Tipton Trails. This home features a spacious kitchen, open living areas, and a luxurious master suite with an en-suite bath. The finished basement adds extra living space and includes an extra bedroom and a full bathroom. Enjoy a luxurious backyard with patio that's perfect for entertaining or relaxing. Conveniently located near parks, schools, and shopping, this home is ideal for comfortable living. Don't miss out-schedule your showing today!
Unit Size
2,530 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$205
Property Type
House
Property Taxes
$924
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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Building Count: 1
  • Total Rooms: 8
  • 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: 1,300
  • Garage Type: 1
  • Garage Square Area: 829
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,416
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 870
  • Total Building Area: 4,707
  • Gross Building Area: 4,707
  • Building Area: 3,878
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,878
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIPTON TRAILS SUB
  • Land Acres: 0000000239
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: TIPTON TRAILS SUB 3RD ADD LOT 219

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: 14-25-454-014
  • Lot: 219
  • Meridian: SEC 25 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.5058
  • Longitude: -88.9303

    Address

  • Full Address: 2004 Wakefield Ln
  • Address - House Number: 2004
  • Address - Street Name: Wakefield
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R037
  • 4-Digit Zip Code: 9198
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,063,062
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.21
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 489,016
  • High Value: 591,714
  • Low Value: 386,317

    Market Valuation

  • Market Total Value: $378,930
  • Market Land Value: $68,049
  • Market Improvement Value: $310,881

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $126,310
  • Assessed Land Value: $22,683
  • Assessed Improvements Value: $103,627

    Sales

  • Current Sale Contract Date: Dec 28, 2005
  • Current Sale Recording Date: Dec 29, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2005-00039690

    Financing

  • First Mortgage Financing Type: ADJ
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:

$261,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2509 ft²

Average Home Age

60.6 years

Currently For Sale

100 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

$2,850 /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: B.J. Armstrong, Keller Williams Revolution
Data Source: MRED, MLS# MRD12328480
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 2004 Wakefield Lane built and last sold?
The property at 2004 Wakefield Lane was built in 2004 and last sold on Dec 28, 2005 for $374,000.
How much is this home worth?
The estimated value of the home located at 2004 Wakefield Lane is $0.
What are some comparable homes to 2004 Wakefield Lane?
There are currently no comparable homes to 2004 Wakefield Lane.
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