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Bloomington 61705 Pepper Ridge
2903 Binghamton Lane
$248,000
● House - Off Market

2903 Binghamton Lane

Bloomington, IL 61705
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,280 Ft²
$223,597
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Beautiful updated ranch 3 bedroom 3 full baths with finished basement, heated garage and a great outdoor patio and deck!  All stainless appliances, quartz counters, tiled backsplash and the dishwasher replaced in 2022.  Newer roof and windows in 2012 with furnace and central air replaced in 2020. Updated flooring and front door.  Finished basement with a wet bar, butcher block counter, refrigerator, wine cooler and built in electric fireplace make this great for entertaining! Heated garage includes the custom work benches. Backyard deck, patio and 8 x 16 shed with electric.  So much to offer and move in ready!!
Unit Size
1,280 Ft²
Days on Market
-
Land Size
-
Price per sqft
$176
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1996

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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 #11853589)

Price History

Date / Event Date Event Price
Sep 25, 2023 Sold
Premium
Sold
Aug 7, 2023 Listed by RE/MAX Rising $225,000
Listed by RE/MAX Rising

Property Highlights

Air Conditioning
Fireplace

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: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 486
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 6,916
  • Lot Size Depth Feet: 1,130
  • Lot Size Frontage Feet: 610
  • Total Building Area: 2,246
  • Gross Building Area: 2,246
  • Building Area: 1,720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,720
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEPPER RIDGE SUB
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 212 PEPPER RIDGE SUB 4TH 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: 21-18-376-011
  • Lot: 212
  • Meridian: SEC 18 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4471
  • Longitude: -89.033

    Address

  • Full Address: 2903 Binghamton Ln
  • Address - House Number: 2903
  • Address - Street Name: Binghamton
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R034
  • 4-Digit Zip Code: 6551
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $458,776
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1511
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 247,635
  • High Value: 285,060
  • Low Value: 210,209

    Market Valuation

  • Market Total Value: $173,763
  • Market Land Value: $32,883
  • Market Improvement Value: $140,880

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,921
  • Assessed Land Value: $10,961
  • Assessed Improvements Value: $46,960

    Sales

  • Current Sale Contract Date: Sep 25, 2023
  • Current Sale Recording Date: Oct 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13512
  • Previous Sale Recording Date: Feb 03, 2016
  • Previous Sale Contract Date: Jan 29, 2016
  • Previous Sale Amount: $163,000
  • 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: Janet Jurich, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11853589
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 2903 Binghamton Lane built and last sold?
The property at 2903 Binghamton Lane was built in 1996 and last sold on Sep 25, 2023 for $248,000.
How much is this home worth?
The estimated value of the home located at 2903 Binghamton Lane is $0.
What are some comparable homes to 2903 Binghamton Lane?
There are currently no comparable homes to 2903 Binghamton Lane.
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