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Bloomington 61701
224 Ivanhoe Way
$175,900
● House - Off Market

224 Ivanhoe Way

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,416 Ft²
$205,885
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Tucked away in a quiet neighborhood just minutes from many major employers, retailers and amenities, this wonderfully maintained all brick ranch has nothing left for you to do but move right in! Beautiful landscaping and a large, covered front porch give this home major curb appeal, and the spacious yard host to back concrete patio is perfect for relaxing and entertaining. Main floor of the home features a generous front living room with large picture window, roomy eat-in kitchen with stainless steel appliances, ample counter/cabinet space and sliders to the back patio, 3 bedrooms and a full hall bath. Partially finished basement is host to a spacious family room, laundry/half bath area and large storage room. Come take a look at 224 Ivanhoe Way, Bloomington, IL today!
Unit Size
2,416 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$74
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1959

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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 #11124735)

Price History

Date / Event Date Event Price
Aug 9, 2021 Sold
Premium
Sold
Jun 16, 2021 Listed by Keller Williams Revolution $179,900
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 885
  • Garage Type: 1
  • Garage Square Area: 327
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,193
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,420
  • Gross Building Area: 2,420
  • Building Area: 2,093
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,093
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY KNOLLS
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SECOND ADD TO FAIRWAY KNOLLS LOT 104

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 14-35-351-005
  • Lot: 104
  • Meridian: SEC 35 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.49
  • Longitude: -88.9619

    Address

  • Full Address: 224 Ivanhoe Way
  • Address - House Number: 224
  • 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: $355,958
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 209,517
  • High Value: 249,746
  • Low Value: 169,287

    Market Valuation

  • Market Total Value: $143,649
  • Market Land Value: $37,152
  • Market Improvement Value: $106,497

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,883
  • Assessed Land Value: $12,384
  • Assessed Improvements Value: $35,499

    Sales

  • Current Sale Contract Date: Aug 09, 2021
  • Current Sale Recording Date: Aug 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00019934
  • Previous Sale Recording Date: Jul 11, 2015
  • Previous Sale Contract Date: Jun 29, 2015
  • Previous Sale Amount: $149,000
  • 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:

$261,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2450 ft²

Average Home Age

60.6 years

Currently For Sale

99 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: Erin Burns, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11124735
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 224 Ivanhoe Way built and last sold?
The property at 224 Ivanhoe Way was built in 1959 and last sold on Aug 9, 2021 for $176,000.
How much is this home worth?
The estimated value of the home located at 224 Ivanhoe Way is $187,134.
What are some comparable homes to 224 Ivanhoe Way?
There are currently no comparable homes to 224 Ivanhoe Way.
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