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Bloomington 61704
2803 Wellington Way
$203,500
● House - Off Market

2803 Wellington Way

Bloomington, IL 61704
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,058 Ft²
$1,328
Est. Monthly
5.73%
Cap Rate

About This Property

Adorable three bedroom tri-level in Washington East neighborhood! New carpet and flooring '23; new paint and blinds '23, granite veneer countertops in kitchen and stainless steel refrigerator, updated bathroom upstairs and downstairs bathroom flooring and toilet; new garage door opener and new siding with outdoor lights installed '23. The eat-in kitchen includes a large pantry.
Unit Size
1,058 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$189
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1976

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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 #11916527)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Nov 6, 2023 Listed by BHHS Central Illinois, REALTORS $199,900
Listed by BHHS Central Illinois, REALTORS

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 39
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 1,014
  • Garage Type: 1
  • Garage Square Area: 499
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,571
  • Gross Building Area: 2,571
  • Building Area: 1,630
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,630
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 7TH ADD WASHINGTON EAST
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 7THA DD TO WASHINGTON EAST LOT 284

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001103

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 21-01-353-003
  • Lot: 284
  • Meridian: SEC 01 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4758
  • Longitude: -88.9393

    Address

  • Full Address: 2803 Wellington Way
  • Address - House Number: 2803
  • Address - Street Name: Wellington
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C002
  • 4-Digit Zip Code: 4661
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $414,940
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.0924
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 91
  • Final Value: 192,486
  • High Value: 210,280
  • Low Value: 174,692

    Market Valuation

  • Market Total Value: $146,469
  • Market Land Value: $35,175
  • Market Improvement Value: $111,294

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,823
  • Assessed Land Value: $11,725
  • Assessed Improvements Value: $37,098

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 20, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3295
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:

$262,500

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

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

Rentals Near You

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MRED

Listed by: Tammy Heard, BHHS Central Illinois, REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11916527
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 2803 Wellington Way built and last sold?
The property at 2803 Wellington Way was built in 1976 and last sold on Mar 15, 2024 for $203,500.
How much is this home worth?
The estimated value of the home located at 2803 Wellington Way is $0.
What are some comparable homes to 2803 Wellington Way?
There are currently no comparable homes to 2803 Wellington Way.
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