For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Bloomington 61701
307 Meadows Avenue
$155,000
● House - Off Market

307 Meadows Avenue

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
1 Bath
square feet
825 Ft²
$1,058
Est. Monthly
10.05%
Cap Rate

About This Property

Charming & Updated 2 Bedroom Home!  This beautifully updated home is move-in ready with it being freshly painted inside and out; offering a warm and welcoming feel from the moment you arrive. Featuring 2 bedrooms and 1 full bath this cozy home has been thoughtfully upgraded throughout- including a new roof, new furnace, new a/c, a new water heater and a new sewer line for peace of mind! Enjoy the newly landscaped yard and a fully fenced-in backyard, perfect for pets, play or entertaining! Whether you're a first time buyer, an investor, or looking to downsize, this home is a true gem you won't want to miss!
Unit Size
825 Ft²
Days on Market
-
Land Size
-
Price per sqft
$194
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1955

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 825
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 4,741
  • Lot Size Depth Feet: 810
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,650
  • Gross Building Area: 1,650
  • Building Area: 825
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 825
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSOC OF COMMERCE ADD
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: ASSOC OF COMMERCE ADD BEG SE COR LOT 1, NWLY TO NE COR LOT 2, SWLY ONLOT LINE TO POINT 41.33 NELY FROM NW COR LOT 2, SELY TO POINT 70 NWLY FROM SW COR LOT 1, NELY TO POB, PT LOT 1 & 2 BLK 6

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 005800

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-10-132-009
  • Lot: 1,2
  • Meridian: SEC 10 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4718
  • Longitude: -88.9756

    Address

  • Full Address: 307 Meadows Ave
  • Address - House Number: 307
  • Address - Street Name: Meadows
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C005
  • 4-Digit Zip Code: 5521
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $268,132
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1664
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 148,585
  • High Value: 173,319
  • Low Value: 123,852

    Market Valuation

  • Market Total Value: $112,647
  • Market Land Value: $25,860
  • Market Improvement Value: $86,787

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,549
  • Assessed Land Value: $8,620
  • Assessed Improvements Value: $28,929

    Sales

  • Current Sale Contract Date: Feb 01, 2023
  • Current Sale Recording Date: Feb 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1628
  • Previous Sale Recording Date: Dec 02, 2021
  • Previous Sale Contract Date: Sep 21, 2021
  • Previous Sale Document Type: 40
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

Click here to view more rentals in the neighborhood.
MRED

Listed by: Stacia Jewett, Keller Williams Revolution
Data Source: MRED, MLS# MRD12431563
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 Meadows Avenue built and last sold?
The property at 307 Meadows Avenue was built in 1955 and last sold on Feb 1, 2023 for $137,333.
How much is this home worth?
The estimated value of the home located at 307 Meadows Avenue is $158,429.
What are some comparable homes to 307 Meadows Avenue?
There are currently no comparable homes to 307 Meadows Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Bloomington City Homes for Sale
Bloomington City Houses for Sale
Bloomington City Condos for Sale
Bloomington City Townhouses for Sale
Bloomington City Multifamily for Sale
Bloomington City Land for Sale
Bloomington City Commercial for Sale
Bloomington City Homes with Basements
Nearby Cities
Bloomington Homes for Sale
Normal Homes for Sale
Twin Grove Homes for Sale
Hudson Homes for Sale
Carlock Homes for Sale
Danvers Homes for Sale
Downs Homes for Sale
Stanford Homes for Sale
Nearby Property Records
McLean County, IL Property Records
Woodford County, IL Property Records
De Witt County, IL Property Records
Tazewell County, IL Property Records
Logan County, IL Property Records
Livingston County, IL Property Records
Piatt County, IL Property Records
Ford County, IL Property Records
Neighborhoods
South Hill Real Estate
Fox Creek Road Real Estate
Northwest Union Real Estate
Lakewood-Hillcrest Real Estate
Near East Side Real Estate
Founders Grove Real Estate
South Oakland Real Estate
Lang's Alley Real Estate
Nearby Counties
Normal Homes for Sale
Old Town Homes for Sale
Bloomington Homes for Sale
Towanda Homes for Sale
Dry Grove Homes for Sale
Danvers Homes for Sale
White Oak Homes for Sale
Dale Homes for Sale
Top Real Estate Agents
Top Agents in Bloomington City
Top Agents in Bloomington
Top Agents in 61761
Top Agents in Normal
Top Agents in Normal
Top Agents in 61701
Top Agents in 61704
Top Agents in 61705