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McLean 61705
20261 Sterling Road
$470,000
● House - Off Market

20261 Sterling Road

Bloomington, IL 61705
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,241 Ft²
$549,332
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Pre-sold
Unit Size
4,241 Ft²
Days on Market
-
Land Size
2.50 acres
Price per sqft
$113
Property Type
House
Property Taxes
-
HOA Dues
$8
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.

Last updated: 3 years ago (MRED MLS #11192125)

Price History

Date / Event Date Event Price
Aug 16, 2021 Sold
Premium
Sold
Jun 15, 2021 Listed by RE/MAX Rising $480,000
Listed by RE/MAX Rising

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 4
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 108,900
  • Total Building Area: 1,901
  • Building Area: 1,901
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,901
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DOVER RIDGE SUBDIVISION FIRST ADDITION
  • Land Acres: 0000002500
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: DOVER RIDGE SUB 1RST ADD LOT 11

Neighborhood

  • School District Name: Tri-Valley Community Unit School District 3
  • Census Tract: 005400

Geography

  • District: 24
  • Parcel: 22-21-303-007
  • Meridian: SEC 21 TWN 23N RNG 03E
  • Municipality: OLD TOWN
  • Latitude: 40.4331
  • Longitude: -88.8782

    Address

  • Full Address: 20261 Sterling Rd
  • Address - House Number: 20261
  • Address - Street Name: Sterling
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R002
  • 4-Digit Zip Code: 5352
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2017
  • Tax Amount: $1,028,438
  • Tax Rate Code Area: 2403

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Jun 10, 2020
  • Confidence Score: 86
  • Final Value: 376,292
  • High Value: 441,652
  • Low Value: 310,932

    Market Valuation

  • Market Total Value: $361,605

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $130,456
  • Assessed Land Value: $27,800
  • Assessed Improvements Value: $102,656

    Sales

  • Current Sale Contract Date: Nov 30, 2016
  • Current Sale Recording Date: Dec 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-00023336
  • Previous Sale Recording Date: Feb 17, 2006
  • Previous Sale Contract Date: Feb 09, 2006
  • Previous Sale Amount: $343,500
  • 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 McLean

Stats & Trends

Median Asking:

$264,950

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2431 ft²

Average Home Age

57.4 years

Currently For Sale

217 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: Brad Thoele, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11192125
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 20261 Sterling Road built and last sold?
The property at 20261 Sterling Road was built in 2005 and last sold on Nov 30, 2016 for $380,000.
How much is this home worth?
The estimated value of the home located at 20261 Sterling Road is $489,397.
What are some comparable homes to 20261 Sterling Road?
There are currently no comparable homes to 20261 Sterling Road.
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