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Bloomington 61701
220 Ivanhoe Way
$160,000
● House - Off Market

220 Ivanhoe Way

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,618 Ft²
$1,068
Est. Monthly
13.65%
Cap Rate

About This Property

Adorable well maintained Ranch home. Beautiful hardwood floors in the Family Room and 3 Bedrooms. Family Room with gas fireplace stone surround and built in's. Beautiful updated Kitchen with newer cabinets,  tiled backsplash and appliances remain. 3 nice size Bedrooms, Full bath with tile surround. Half bath with pocket door. Wall of many built in's with laundry shoot to basement. Great closet space throughout. Basement is ready to finish. Large fenced yard, Shed and Patio. Generator and extra deep 1 car garage.
Unit Size
2,618 Ft²
Days on Market
-
Land Size
-
Price per sqft
$67
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1961

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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: 2 years ago (MRED MLS #12023102)

Price History

Date / Event Date Event Price
Mar 4, 2025 Sold
Premium
Sold
Feb 13, 2025 Listed by Coldwell Banker Real Estate Group $175,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 11,802
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,621
  • Gross Building Area: 1,621
  • Building Area: 1,309
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,309
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY KNOLLS
  • Land Acres: 0000000271
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SECOND ADD TO FAIRWAY KNOLLS LOT 106

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001200

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 14-35-351-003
  • Lot: 106
  • Meridian: SEC 35 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4906
  • Longitude: -88.962

    Address

  • Full Address: 220 Ivanhoe Way
  • Address - House Number: 220
  • Address - Street Name: Ivanhoe
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C029
  • 4-Digit Zip Code: 3407
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $270,026
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 182,844
  • High Value: 220,876
  • Low Value: 144,813

    Market Valuation

  • Market Total Value: $128,316
  • Market Land Value: $40,560
  • Market Improvement Value: $87,756

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,772
  • Assessed Land Value: $13,520
  • Assessed Improvements Value: $29,252

    Sales

  • Current Sale Contract Date: Apr 15, 2010
  • Current Sale Recording Date: Apr 22, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010-00008246
  • Previous Sale Recording Date: Jan 07, 2005
  • Previous Sale Contract Date: Dec 30, 2004
  • Previous Sale Amount: $116,500
  • 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 Bloomington

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2443 ft²

Average Home Age

59.3 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: Deb Connor, Coldwell Banker Real Estate Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12023102
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 220 Ivanhoe Way built and last sold?
The property at 220 Ivanhoe Way was built in 1961 and last sold on Apr 15, 2010 for $129,500.
How much is this home worth?
The estimated value of the home located at 220 Ivanhoe Way is $0.
What are some comparable homes to 220 Ivanhoe Way?
There are currently no comparable homes to 220 Ivanhoe Way.
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