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Bloomington 61701 Founders Grove
209 Kreitzer Avenue
$160,000
● House - Off Market

209 Kreitzer Avenue

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,472 Ft²
$161,206
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Such a charming home in the lovely Founders Grove area! This home features 2 bedrooms, 2 full baths, unfinished basement, and a 1 car detached garage. On the first floor find a spacious family room, bedroom, full bath, and a small but endearing little kitchen. In the finished attic space you will find a large master bedroom with good storage and a full bath. Unfinished basement with designated laundry area. Nicely sized backyard- fenced.
Unit Size
1,472 Ft²
Days on Market
-
Land Size
-
Price per sqft
$105
Property Type
House
Property Taxes
$285
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 #11607569)

Price History

Date / Event Date Event Price
Sep 27, 2022 Sold
Premium
Sold
Aug 24, 2022 Listed by RE/MAX Rising $155,000
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: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 79
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 5,997
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,261
  • Gross Building Area: 1,341
  • Building Area: 1,261
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,261
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARRITTS SUB
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: PARRITTS SUB PT S 1/2 3-23-2E LOT 13

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001800

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-03-451-008
  • Lot: 13
  • Meridian: SEC 03 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.477
  • Longitude: -88.9722

    Address

  • Full Address: 209 Kreitzer Ave
  • Address - House Number: 209
  • Address - Street Name: Kreitzer
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C019
  • 4-Digit Zip Code: 5637
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $367,312
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2237
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 69
  • Final Value: 181,272
  • High Value: 221,829
  • Low Value: 140,715

    Market Valuation

  • Market Total Value: $147,657
  • Market Land Value: $29,508
  • Market Improvement Value: $118,149

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,219
  • Assessed Land Value: $9,836
  • Assessed Improvements Value: $39,383

    Sales

  • Current Sale Contract Date: Sep 13, 2022
  • Current Sale Recording Date: Oct 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18201
  • Previous Sale Recording Date: Dec 17, 2010
  • Previous Sale Contract Date: Oct 29, 2010
  • Previous Sale Amount: $132,000
  • 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 Founders Grove

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$116

Above Asking

0.00%

Average Days on Market

48

Average Home Size

3304 ft²

Average Home Age

121.3 years

Currently For Sale

3 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: April Bauchmoyer, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11607569
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 209 Kreitzer Avenue built and last sold?
The property at 209 Kreitzer Avenue was built in 1925 and last sold on Sep 13, 2022 for $160,000.
How much is this home worth?
The estimated value of the home located at 209 Kreitzer Avenue is $0.
What are some comparable homes to 209 Kreitzer Avenue?
There are currently no comparable homes to 209 Kreitzer Avenue.
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