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Bloomington 61701 Founders Grove
301 Leland Street
$225,500
● House - Off Market

301 Leland Street

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,440 Ft²
$1,444
Est. Monthly
6.46%
Cap Rate

About This Property

Must see this charming bungalow home in the highly sought after Founders Grove area! These homes have so much character- wood floors, french doors, arched entries, abundance of windows. The first floor features a spacious family room, dinning room, kitchen, flex room and half bath. The second floor features 2 bedrooms and a nicely remodeled full bath. Basement is unfinished, clean and neat with laundry area and plenty of storage! Make it your own. Detached 1 car garage. EV charger has been installed. Large fenced corner lot with paved patio.  Roof 2013.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
-
Price per sqft
$156
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
1928

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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: 2 years ago (MRED MLS #12270099)

Price History

Date / Event Date Event Price
Mar 3, 2025 Sold
Premium
Sold
Feb 2, 2025 In contract -
In contract
Jan 29, 2025 Listed by RE/MAX Rising $224,900
Listed by RE/MAX Rising

Property Highlights

Building Info

Overview

    General

  • Year Built: 1928
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 416
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 79
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 7,029
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 580
  • Total Building Area: 1,440
  • Gross Building Area: 1,524
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DOOLEYS 2ND ADD
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 1 BLK 3 DOOLEYS 2ND ADD & PT ALLEY LYG E & ADJ

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001800

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-03-383-005
  • Block: 3
  • Lot: 1
  • Meridian: SEC 03 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.476
  • Longitude: -88.9742

    Address

  • Full Address: 301 Leland St
  • Address - House Number: 301
  • Address - Street Name: Leland
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C019
  • 4-Digit Zip Code: 5645
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $388,058
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 217,799
  • High Value: 259,618
  • Low Value: 175,979

    Market Valuation

  • Market Total Value: $154,980
  • Market Land Value: $30,282
  • Market Improvement Value: $124,698

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,660
  • Assessed Land Value: $10,094
  • Assessed Improvements Value: $41,566

    Sales

  • Current Sale Contract Date: Apr 11, 2014
  • Current Sale Recording Date: Apr 16, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014-00005738
  • Previous Sale Recording Date: Nov 06, 2008
  • Previous Sale Contract Date: Oct 20, 2008
  • Previous Sale Amount: $132,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Founders Grove

Stats & Trends

Median Asking:

$244,900

Sale Price/ft²

$115

Above Asking

0.00%

Average Days on Market

48

Average Home Size

3304 ft²

Average Home Age

121.3 years

Currently For Sale

3 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: 2 years ago
Data Source: MRED, MLS# 12270099
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 301 Leland Street built and last sold?
The property at 301 Leland Street was built in 1928 and last sold on Apr 11, 2014 for $155,500.
How much is this home worth?
The estimated value of the home located at 301 Leland Street is $227,149.
What are some comparable homes to 301 Leland Street?
There are currently no comparable homes to 301 Leland Street.
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