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Bloomington 61705
2906 Steppe Lane
$344,900
● House - Off Market

2906 Steppe Lane

Bloomington, IL 61705
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,210 Ft²
$350,017
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

New Construction. Open floor plan ranch in Fox Lake. Stainless steel appliance package, white cabinets in the kitchen with a large grey island. Hardwood flooring throughout the foyer, kitchen and great room. Master suite will have a double   vanity and a 9x8 walk in closet. Spacious back entry with laundry and lockers. Rough in for bathroom in the basement for future finish. Broker interest.  March completion.
Unit Size
3,210 Ft²
Days on Market
-
Land Size
-
Price per sqft
$106
Property Type
House
Property Taxes
$5
HOA Dues
-
Year Built
2022

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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 #11324199)

Price History

Date / Event Date Event Price
Mar 21, 2022 Sold
Premium
Sold
Feb 14, 2022 Listed by RE/MAX Rising $339,900
Listed by RE/MAX Rising

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2022
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 4
  • 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: 2
  • Basement Area: 760
  • Garage Type: 1
  • Garage Square Area: 679
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 7,188
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 580
  • Total Building Area: 3,039
  • Gross Building Area: 3,039
  • Building Area: 2,360
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,360
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOX LAKE SUB
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: FOX LAKE SUB 6TH ADDN LOT 60

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: 21-18-334-001
  • Lot: 60
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4474
  • Longitude: -89.0321

    Address

  • Full Address: 2906 Steppe Ln
  • Address - House Number: 2906
  • Address - Street Name: Steppe
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R034
  • 4-Digit Zip Code: 4191
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $439,178
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 76
  • Final Value: 302,066
  • High Value: 356,211
  • Low Value: 247,921

    Market Valuation

  • Market Total Value: $163,509
  • Market Land Value: $42,129
  • Market Improvement Value: $121,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,503
  • Assessed Land Value: $14,043
  • Assessed Improvements Value: $40,460

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Mar 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5416
  • Previous Sale Recording Date: Dec 01, 2021
  • Previous Sale Contract Date: Nov 18, 2021
  • Previous Sale Amount: $70,000
  • 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 Bloomington

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2485 ft²

Average Home Age

60.3 years

Currently For Sale

107 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: Tabitha Berg, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11324199
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 2906 Steppe Lane built and last sold?
The property at 2906 Steppe Lane was built in 2022 and last sold on Mar 15, 2022 for $345,000.
How much is this home worth?
The estimated value of the home located at 2906 Steppe Lane is $0.
What are some comparable homes to 2906 Steppe Lane?
There are currently no comparable homes to 2906 Steppe Lane.
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