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McLean 61701
307 Hazel Street
$73,000
● House - Off Market

307 Hazel Street

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
960 Ft²
$77,483
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Property is being sold as is with no warranties.  All offers shall include pre-approval letter or proof of funds.  Seller will convey title via a special or limited warranty deed.  This home must be listed for 7 days before any offer is accepted.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$78
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1899

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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 #11477666)

Price History

Date / Event Date Event Price
Sep 22, 2022 Sold
Premium
Sold
Jul 28, 2022 Listed by Coldwell Banker Real Estate Group $74,500
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1899
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 1,898
  • Parking Space Count: 7
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMER ENGLISH SUB
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: HOMER ENGLISH SUB PT L8 HUNTS SUB E 1/2 SE 9-23-2E LOTS 6 & 7

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 005900

Geography

  • District: 5
  • Parcel: 21-09-479-003
  • Lot: 8,6,7
  • Meridian: SEC 09 TWN 23N RNG 02E
  • Municipality: BLOOMINGTON
  • Latitude: 40.4614
  • Longitude: -88.9828

    Address

  • Full Address: 307 Hazel St
  • Address - House Number: 307
  • Address - Street Name: Hazel
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C026
  • 4-Digit Zip Code: 6879
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $326,802
  • Tax Rate Code Area: 512

    Appraisal Valuation

  • Standard Deviation: 0.2595
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 63
  • Final Value: 96,113
  • High Value: 121,057
  • Low Value: 71,169

    Market Valuation

  • Market Total Value: $116,928
  • Market Land Value: $23,463
  • Market Improvement Value: $93,465

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,976
  • Assessed Land Value: $7,821
  • Assessed Improvements Value: $31,155

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 17552
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 McLean

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2458 ft²

Average Home Age

52.9 years

Currently For Sale

209 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: Monica Washington, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11477666
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 Hazel Street built and last sold?
The property at 307 Hazel Street was built in 1899 and last sold on Sep 14, 2022 for $73,000.
How much is this home worth?
The estimated value of the home located at 307 Hazel Street is $0.
What are some comparable homes to 307 Hazel Street?
There are currently no comparable homes to 307 Hazel Street.
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