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Bloomington 61701
307 Garfield Drive
$181,000
● House - Off Market

307 Garfield Drive

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,480 Ft²
$169,268
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Very well maintained and cared for, lovable home in a central location near shopping. 3 bedroom 1 1/2 bath, 1 car deep attached garage (freezer remains). All appliances in kitchen remains, pantry with pull out shelves. Separate dining area. Large relaxing living room. Hardwood flooring, built ins. Pleasant yard with storage shed. Plentiful storage in full unfinished basement (dryer remains). New roof,  gutters and soffits 2014.  Newer furnace and air.
Unit Size
2,480 Ft²
Days on Market
-
Land Size
-
Price per sqft
$69
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
1961

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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 #11862963)

Price History

Date / Event Date Event Price
Oct 17, 2023 Sold
Premium
Sold
Aug 26, 2023 Listed by Coldwell Banker Real Estate Group $169,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 15
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 323
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 9,694
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,563
  • Gross Building Area: 1,563
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY KNOLLS
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 8TH ADD TO FAIRWAY KNOLLS LOT 356

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001200

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 14-35-327-004
  • Lot: 356
  • Meridian: SEC 35 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4941
  • Longitude: -88.9588

    Address

  • Full Address: 307 Garfield Dr
  • Address - House Number: 307
  • Address - Street Name: Garfield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C031
  • 4-Digit Zip Code: 2125
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $126,158
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1954
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 181,549
  • High Value: 217,033
  • Low Value: 146,066

    Market Valuation

  • Market Total Value: $128,532
  • Market Land Value: $36,057
  • Market Improvement Value: $92,475

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,844
  • Assessed Land Value: $12,019
  • Assessed Improvements Value: $30,825

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14530
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:

$262,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2490 ft²

Average Home Age

56.5 years

Currently For Sale

93 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

Unit for rent at 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kimberly Bliss, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11862963
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 307 Garfield Drive built and last sold?
The property at 307 Garfield Drive was built in 1961 and last sold on Aug 30, 2023 for $181,000.
How much is this home worth?
The estimated value of the home located at 307 Garfield Drive is $0.
What are some comparable homes to 307 Garfield Drive?
There are currently no comparable homes to 307 Garfield Drive.
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