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Bloomington 61704
2209 Jessamine Road
$410,000
● House - Off Market

2209 Jessamine Road

Bloomington, IL 61704
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,601 Ft²
$2,707
Est. Monthly
$40
HOA / Fees
1.67%
Cap Rate

About This Property

Wonderful 1.5 Story in Sought after Summerfield Subdivision.  Open fl plan,  Other room 1 is upstairs loft, Wonderful Updated Kitchen/Granite counters, Newly Finished Lower Level/Family Room/Bedroom and Full Bath, Indirect Lighted Ceiling, Fabulous 3 Seasons Room, Peaceful Backyard Water Feature, Private Beautifully Landscaped Backyard.( auto sprinkler system)
Unit Size
2,601 Ft²
Days on Market
-
Land Size
-
Price per sqft
$154
Property Type
House
Property Taxes
$703
HOA Dues
$40
Year Built
1999

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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 #11963850)

Price History

Date / Event Date Event Price
Mar 22, 2024 Sold
Premium
Sold
Jan 18, 2024 Listed by Keller Williams Revolution $399,900
Listed by Keller Williams Revolution

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • 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: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 800
  • Garage Type: 1
  • Garage Square Area: 877
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,351
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 910
  • Total Building Area: 4,120
  • Gross Building Area: 4,371
  • Building Area: 3,243
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,243
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMERFIELD SUB
  • Land Acres: 0000000238
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 31 SUMMERFIELD SUB

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 000506

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-25-303-002
  • Lot: 31
  • Meridian: SEC 25 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.5092
  • Longitude: -88.9402

    Address

  • Full Address: 2209 Jessamine Rd
  • Address - House Number: 2209
  • Address - Street Name: Jessamine
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R030
  • 4-Digit Zip Code: 1521
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $843,894
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 428,603
  • High Value: 502,457
  • Low Value: 354,749

    Market Valuation

  • Market Total Value: $304,518
  • Market Land Value: $60,054
  • Market Improvement Value: $244,464

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,506
  • Assessed Land Value: $20,018
  • Assessed Improvements Value: $81,488

    Sales

  • Current Sale Contract Date: Mar 12, 2024
  • Current Sale Recording Date: Apr 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3747
  • Previous Sale Recording Date: Oct 15, 2014
  • Previous Sale Contract Date: Oct 07, 2014
  • Previous Sale Amount: $330,000
  • 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 Bloomington

Stats & Trends

Median Asking:

$262,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2452 ft²

Average Home Age

59.9 years

Currently For Sale

98 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: Thomas Krieger, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11963850
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 2209 Jessamine Road built and last sold?
The property at 2209 Jessamine Road was built in 1999 and last sold on Mar 12, 2024 for $410,000.
How much is this home worth?
The estimated value of the home located at 2209 Jessamine Road is $0.
What are some comparable homes to 2209 Jessamine Road?
There are currently no comparable homes to 2209 Jessamine Road.
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