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Bloomington 61705 Pepper Ridge
2807 Essington Street
$245,000
● House - Off Market

2807 Essington Street

Bloomington, IL 61705
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,144 Ft²
$234,359
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Looking for a home close to Rivian? Great Bi-level in a great neighborhood with a neighborhood elementary school. Home boasts 4 bedrooms and 3 full baths. Private yard has a trex deck with alum spindles. (fences all belong to the neighbors).  Newer 3/4 inch beautiful hardwood floors in living room and hallway. Surround speakers in living room stay. Roof and water heater replaced in 2013. Newer dishwasher and all appliances stay. Bathrooms are updated. Primary bedroom has new carpet this week for the new buyers to enjoy and a walk-in closet. Laundry is in lower level and a great bump-out in the garage. Hurry!!!
Unit Size
2,144 Ft²
Days on Market
-
Land Size
-
Price per sqft
$110
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1996

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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 #11809980)

Price History

Date / Event Date Event Price
Jul 25, 2023 Sold
Premium
Sold
Jun 16, 2023 Listed by Coldwell Banker Real Estate Group $235,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 1,054
  • Garage Type: 1
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 7,030
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 640
  • Total Building Area: 2,718
  • Gross Building Area: 2,718
  • Building Area: 2,158
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,158
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEPPER RIDGE 3RD ADD
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 171 PEPPER RIDGE 3RD ADD

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 001402

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-19-131-002
  • Lot: 171
  • Meridian: SEC 19 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.444
  • Longitude: -89.0323

    Address

  • Full Address: 2807 Essington St
  • Address - House Number: 2807
  • Address - Street Name: Essington
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R034
  • 4-Digit Zip Code: 6534
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $392,038
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1954
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 236,865
  • High Value: 283,156
  • Low Value: 190,574

    Market Valuation

  • Market Total Value: $151,104
  • Market Land Value: $33,201
  • Market Improvement Value: $117,903

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,368
  • Assessed Land Value: $11,067
  • Assessed Improvements Value: $39,301

    Sales

  • Current Sale Contract Date: Jul 10, 2023
  • Current Sale Recording Date: Aug 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10137
  • Previous Sale Recording Date: Jul 26, 2013
  • Previous Sale Contract Date: Jul 12, 2013
  • Previous Sale Amount: $156,000
  • 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 Pepper Ridge

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$111

Above Asking

0.00%

Average Days on Market

37

Average Home Size

2214 ft²

Average Home Age

31.6 years

Currently For Sale

0 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: Bev Virgil, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11809980
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 2807 Essington Street built and last sold?
The property at 2807 Essington Street was built in 1996 and last sold on Jul 10, 2023 for $245,000.
How much is this home worth?
The estimated value of the home located at 2807 Essington Street is $0.
What are some comparable homes to 2807 Essington Street?
There are currently no comparable homes to 2807 Essington Street.
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