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Bloomington 61704
218 Springdale Avenue
$313,000
● House - Off Market

218 Springdale Avenue

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,084 Ft²
$2,139
Est. Monthly
6.13%
Cap Rate

About This Property

PRESOLDM Spacious and well maintained 4 bedroom home in Cedar Ridge. Open floor plan, main floor living room and family room with gas fireplace. Family room opens to the eat in kitchen. 1st floor laundry and 1/2 bath. 4 large bedrooms and 2 full baths up. Master bath has garden tub, separate shower and WIC. No back yard neighbors.
Unit Size
3,084 Ft²
Days on Market
-
Land Size
-
Price per sqft
$102
Property Type
House
Property Taxes
$592
HOA Dues
-
Year Built
2011

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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 #12050412)

Price History

Date / Event Date Event Price
Jun 14, 2024 Sold
Premium
Sold
May 7, 2024 Listed by Coldwell Banker Real Estate Group $315,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 7,370
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 670
  • Total Building Area: 2,668
  • Gross Building Area: 2,668
  • Building Area: 2,227
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,227
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR RIDGE SUB
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: CEDAR RIDGE SUB 1ST ADD LOT 42

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 002101

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-21-253-009
  • Lot: 42
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4399
  • Longitude: -88.9855

    Address

  • Full Address: 218 Springdale Ave
  • Address - House Number: 218
  • Address - Street Name: Springdale
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R031
  • 4-Digit Zip Code: 9500
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $662,216
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1489
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 310,958
  • High Value: 357,284
  • Low Value: 264,632

    Market Valuation

  • Market Total Value: $242,835
  • Market Land Value: $30,129
  • Market Improvement Value: $212,706

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,945
  • Assessed Land Value: $10,043
  • Assessed Improvements Value: $70,902

    Sales

  • Current Sale Contract Date: Apr 17, 2017
  • Current Sale Recording Date: Apr 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-00006872
  • Previous Sale Recording Date: Mar 20, 2012
  • Previous Sale Contract Date: Mar 13, 2012
  • Previous Sale Amount: $208,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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:

$260,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2442 ft²

Average Home Age

60.1 years

Currently For Sale

101 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

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MRED

Listed by: Vicente Adame, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12050412
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 218 Springdale Avenue built and last sold?
The property at 218 Springdale Avenue was built in 2011 and last sold on Apr 17, 2017 for $205,000.
How much is this home worth?
The estimated value of the home located at 218 Springdale Avenue is $0.
What are some comparable homes to 218 Springdale Avenue?
There are currently no comparable homes to 218 Springdale Avenue.
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