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Bloomington 61704
2907 DeGarmo Drive
$445,000
● House - Off Market

2907 DeGarmo Drive

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,636 Ft²
$3,004
Est. Monthly
4.02%
Cap Rate

About This Property

Welcome to the sought-after Tipton Trails Subdivision! This inviting 2-story home offers a blend of comfort and elegance. Highlights include a beautiful eat-in kitchen, main and lower level family rooms, and a formal dining room. With 5 bedrooms, 3.5 bathrooms, and a finished basement, there's plenty of space for everyone. The custom kitchen features granite countertops, ample cabinet space, and stainless steel appliances, while the 9' ceilings on the main and basement levels add an open feel. Cozy up by the fireplace surrounded by custom cabinetry, and enjoy the convenience of a large mudroom off the 3-car garage. Experience the charm of this home firsthand-schedule a showing today!
Unit Size
3,636 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$124
Property Type
House
Property Taxes
$794
HOA Dues
-
Year Built
2009

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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 #11993295)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
Mar 2, 2024 Listed by Keller Williams Revolution $450,000
Listed by Keller Williams Revolution

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 200
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 908
  • Garage Type: 1
  • Garage Square Area: 776
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,944
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 910
  • Total Building Area: 4,244
  • Gross Building Area: 4,244
  • Building Area: 3,468
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,468
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIPTON TRAILS SUB
  • Land Acres: 0000000251
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: TIPTON TRAILS SUB 9TH ADD LT 287

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: 14-25-426-008
  • Lot: 287
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.5077
  • Longitude: -88.9265

    Address

  • Full Address: 2907 Degarmo Dr
  • Address - House Number: 2907
  • Address - Street Name: Degarmo
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R037
  • 4-Digit Zip Code: 9201
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $952,382
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.21
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 451,194
  • High Value: 545,950
  • Low Value: 356,439

    Market Valuation

  • Market Total Value: $341,352
  • Market Land Value: $70,083
  • Market Improvement Value: $271,269

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $113,784
  • Assessed Land Value: $23,361
  • Assessed Improvements Value: $90,423

    Sales

  • Current Sale Contract Date: Jun 04, 2010
  • Current Sale Recording Date: Jun 08, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010-00012204
  • Previous Sale Recording Date: Jul 07, 2008
  • Previous Sale Contract Date: Apr 21, 2008
  • Previous Sale Amount: $77,000
  • 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

2452 ft²

Average Home Age

59.4 years

Currently For Sale

100 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: Seth Couillard, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11993295
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 2907 Degarmo Drive built and last sold?
The property at 2907 Degarmo Drive was built in 2009 and last sold on Jun 4, 2010 for $358,000.
How much is this home worth?
The estimated value of the home located at 2907 Degarmo Drive is $0.
What are some comparable homes to 2907 Degarmo Drive?
There are currently no comparable homes to 2907 Degarmo Drive.
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