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Bloomington 61701
2319 Springfield Road
$160,000
● House - Off Market

2319 Springfield Road

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,440 Ft²
$182,872
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Charming, well-maintained 1.5 story 3 bedroom home on huge lot awaiting it's new owner!  Spacious open-concept main level boasts living room, dining room, bedroom, eat-in kitchen and enclosed back porch!  Upstairs offers two bedrooms and a bright landing perfect for kids play area, craft space, or maybe an office!  Priced to sell!  Won't last long!
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$114
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1959

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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 #11213344)

Price History

Date / Event Date Event Price
Nov 22, 2021 Sold
Premium
Sold
Sep 9, 2021 Listed by Coldwell Banker Real Estate Group $164,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 150
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 28,182
  • Lot Size Depth Feet: 2,220
  • Lot Size Frontage Feet: 2,020
  • Total Building Area: 1,520
  • Gross Building Area: 1,520
  • Building Area: 1,520
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,520
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JIM KOMMICK SUB
  • Land Acres: 0000000647
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: JIM KOMMICK SUB LOT 1

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001404

Zoning

  • Zoning: B1

Geography

  • District: 40
  • Parcel: 21-17-176-005
  • Lot: 1
  • Meridian: SEC 17 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4526
  • Longitude: -89.0131

    Address

  • Full Address: 2319 Springfield Rd
  • Address - House Number: 2319
  • Address - Street Name: Springfield
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R020
  • 4-Digit Zip Code: 8340
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $447,772
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 229,400
  • High Value: 273,447
  • Low Value: 185,353

    Market Valuation

  • Market Total Value: $176,058
  • Market Land Value: $50,094
  • Market Improvement Value: $125,964

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,686
  • Assessed Land Value: $16,698
  • Assessed Improvements Value: $41,988

    Sales

  • Current Sale Contract Date: Nov 22, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00028189
  • Previous Sale Recording Date: Sep 14, 2010
  • Previous Sale Contract Date: Aug 25, 2010
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$263,500

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2506 ft²

Average Home Age

59 years

Currently For Sale

97 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: Jared Litwiller, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11213344
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 2319 Springfield Road built and last sold?
The property at 2319 Springfield Road was built in 1959 and last sold on Nov 22, 2021 for $160,000.
How much is this home worth?
The estimated value of the home located at 2319 Springfield Road is $0.
What are some comparable homes to 2319 Springfield Road?
There are currently no comparable homes to 2319 Springfield Road.
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