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Bloomington 61704 Old Farm Lakes
3 Cygnet Crossing
$375,000
● House - Off Market

3 Cygnet Crossing

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,850 Ft²
$2,514
Est. Monthly
5.21%
Cap Rate

About This Property

What a gem in Old Farm Lakes...on the Lake! Enjoy cul-de-sac living and picturesque views out the back of the home.  This home has a deck off the kitchen and a separate one off the master to soak in the amazing setting. So many updates, including new carpet on 1st and 2nd floor, 1st floor bathroom remodel, new washer and dryer and newer microwave!! Beautiful kitchen, formal living and dining, cozy family room w/fireplace and built-ins on main level. On the 2nd level find 4 large bedrooms, and then a wonderfully finished basement featuring large family room, 5th bedroom w/full bath (tile shower) wet bar and storage.
Unit Size
2,850 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$132
Property Type
House
Property Taxes
$673
HOA Dues
-
Year Built
1995

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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 #11928428)

Price History

Date / Event Date Event Price
Jan 16, 2024 Sold
Premium
Sold
Nov 15, 2023 Listed by RE/MAX Rising $375,000
Listed by RE/MAX Rising

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • 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: 1,290
  • Garage Type: 1
  • Garage Square Area: 781
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 380
  • Total Building Area: 4,723
  • Gross Building Area: 4,723
  • Building Area: 3,942
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,942
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLDFARM LAKES
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 318 OLDFARM LAKES NO 12

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001107

Zoning

  • Zoning: R2

Geography

  • District: 40
  • Parcel: 21-12-229-003
  • Lot: 318
  • Meridian: SEC 12 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4706
  • Longitude: -88.9284

    Address

  • Full Address: 3 Cygnet Xing
  • Address - House Number: 3
  • Address - Street Name: Cygnet
  • Address - Suffix Type: Xing
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R019
  • 4-Digit Zip Code: 4801
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $807,120
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 383,343
  • High Value: 417,852
  • Low Value: 348,834

    Market Valuation

  • Market Total Value: $302,904
  • Market Land Value: $63,333
  • Market Improvement Value: $239,571

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,968
  • Assessed Land Value: $21,111
  • Assessed Improvements Value: $79,857

    Sales

  • Current Sale Contract Date: Jan 16, 2024
  • Current Sale Recording Date: Jan 19, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 852
  • Previous Sale Recording Date: Dec 07, 2021
  • Previous Sale Contract Date: Nov 30, 2021
  • Previous Sale Amount: $337,500
  • 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 Old Farm Lakes

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$107

Above Asking

0.00%

Average Days on Market

38

Average Home Size

2998 ft²

Average Home Age

30.8 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

Currently no nearby rentals
MRED

Listed by: April Bauchmoyer, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11928428
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 3 Cygnet Crossing built and last sold?
The property at 3 Cygnet Crossing was built in 1995 and last sold on Jan 16, 2024 for $375,000.
How much is this home worth?
The estimated value of the home located at 3 Cygnet Crossing is $378,750.
What are some comparable homes to 3 Cygnet Crossing?
There are currently no comparable homes to 3 Cygnet Crossing.
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