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Bloomington 61701
201 Packard Street
$102,500
● House - Off Market

201 Packard Street

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,370 Ft²
$113,406
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

You're going to love this updated and affordable home with tons of space! This beautiful home features three finished levels and a two car garage. Your main floor has a livingroom, large kitchen, mudroom, a full bath, a bedroom AND a sunroom! Upstairs features a large bedroom with enough extra space for a sitting area or office space. The lower level walk-out features another living space, laundry and full bath. Luxury vinyl plank has been installed throughout the home. The furnace and AC were replaced in 2018 and roof in 2017. Sump 2020. The property features two lovely outdoor spaces for entertaining and relaxing plus a two car garage!
Unit Size
1,370 Ft²
Days on Market
-
Land Size
-
Price per sqft
$73
Property Type
House
Property Taxes
$84
HOA Dues
-
Year Built
1925

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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 #11185876)

Price History

Date / Event Date Event Price
Sep 13, 2021 Sold
Premium
Sold
Aug 11, 2021 Listed by RE/MAX Rising $99,900
Listed by RE/MAX Rising

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 450
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,255
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,434
  • Gross Building Area: 1,578
  • Building Area: 1,434
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,434
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEVENSON & WORRELLS CONSOLIDATED SUB
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: STEVENSON & WORRELLS CONSOLIDATED SUB PT 5 & 8-23-2E LOT 17 BLK 3

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001403

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-05-378-014
  • Block: 3
  • Lot: 17
  • Meridian: SEC 05 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4758
  • Longitude: -89.0122

    Address

  • Full Address: 201 Packard St
  • Address - House Number: 201
  • Address - Street Name: Packard
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C014
  • 4-Digit Zip Code: 4764
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $167,972
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2237
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 69
  • Final Value: 128,884
  • High Value: 157,720
  • Low Value: 100,048

    Market Valuation

  • Market Total Value: $77,292
  • Market Land Value: $21,609
  • Market Improvement Value: $55,683

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,764
  • Assessed Land Value: $7,203
  • Assessed Improvements Value: $18,561

    Sales

  • Current Sale Contract Date: Sep 13, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00022574
  • Previous Sale Recording Date: Nov 14, 2017
  • Previous Sale Contract Date: Nov 06, 2017
  • Previous Sale Amount: $72,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

2450 ft²

Average Home Age

60.6 years

Currently For Sale

99 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 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Monica Bullington, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11185876
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 201 Packard Street built and last sold?
The property at 201 Packard Street was built in 1925 and last sold on Sep 13, 2021 for $102,500.
How much is this home worth?
The estimated value of the home located at 201 Packard Street is $0.
What are some comparable homes to 201 Packard Street?
There are currently no comparable homes to 201 Packard Street.
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