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2505 Driftwood Road

2505 Driftwood Road, Bloomington, IL 61704
House in Hedgewood
Sold Jun 27, 2022
$390,000
$40,000 by Goodfield State Bank
Mortgage Due May 22, 2033
Sold Jun 27, 2022
$390,000
$311,920 by Goodfield State Bank
Mortgage Due Jul 01, 2052
2505 Driftwood Road has been categorized by the local assessors in Bloomington, IL as a residential type of property. The building on the property was first built in 1987 and is 37 years old. The home has a total of 9 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2505 Driftwood Road has 7,412 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 2,888 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,430 ft and across the front of the lot is 1,100 ft. The area measurement of the land has been determined as 15,689 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 868 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jun 10, 2022 for $390,000. That's $39.72 per sqft. Prior to that sales transaction, the property was also sold in May 31, 2022 for $390,000. 2505 Driftwood Road was last assessed in 2022. The total value of the property was assessed at $106,971. Specifically, the land the property is located on was valued at $18,982. While improvements on the property were assessed at a total of $87,989. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,484. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: B
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 2,888
  • Garage Type: Attached
  • Garage Square Area: 868
  • Parking Space Count: 3
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 15,689
  • Lot Size Depth Feet: 1,430
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 9,818
  • Gross Building Area: 9,818
  • Building Area: 7,412
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 7,412
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HEDGEWOOD SUB
  • Land Acres: 0.36
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HEDGEWOOD SUB 2ND ADD LOT 132

Ownership

  • Current Owner : DRAKE SAGAN N
  • Current Owner 2: LAHOOD JAMES
  • Previous Owner : LEXICON GOVERNMENT SERVICES LLC
  • Owner Before Previous Owner: DIMACHKIE MAHER M
  • Owner Before Previous Owner 2: EC GRETCHEN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 14-25-379-004
  • Lot: 132
  • Meridian: SEC 25 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.5033
  • Longitude: -88.9354

    Address

  • Full Address: 2505 Driftwood Rd
  • Address - House Number: 2505
  • Address - Street Name: Driftwood
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R014
  • 4-Digit Zip Code: 2425
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,484
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1484
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 424,517
  • High Value: 487,542
  • Low Value: 361,492

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $40,000
  • First Open Lien Mortgage Lender: GOODFIELD STATE BANK
  • First Open Lien Mortgage Recording Date: May 11, 2023
  • First Open Lien Mortgage Loan Amount: $40,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 22, 2033

    Market Valuation

  • Market Total Value: $320,913
  • Market Land Value: $56,946
  • Market Improvement Value: $263,967

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $106,971
  • Assessed Land Value: $18,982
  • Assessed Improvements Value: $87,989

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Transaction ID: 11890929319
  • Current Sale Price: $390,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11436
  • Previous Sale Recording Date: Jun 27, 2022
  • Previous Sale Contract Date: May 31, 2022
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GOODFIELD STATE BANK
  • Previous Mortgage Transaction Date: Jun 27, 2022
  • Previous Mortgage Loan Amount: $311,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2052

About Hedgewood



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Frequently Asked Questions

What neighborhood is 2505 Driftwood Road located in?
The 2505 Driftwood Road is a house located in the neighborhood of Hedgewood in Hedgewood, Bloomington.
What is the average sales price for listings in 2505 Driftwood Road?
The average sales price for units in 2505 Driftwood Road is $0 currently.

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