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Bloomington 61704
3202 Cave Creek Road
$385,000
● House - Off Market

3202 Cave Creek Road

Bloomington, IL 61704
bedrooms
5 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,384 Ft²
$2,442
Est. Monthly
7.98%
Cap Rate

About This Property

Move in ready five bedroom home near the Constitution Trail. You will love all the natural light this home brings. Beautiful kitchen with granite countertops and open floor plan leave plenty of space for friends and family! The sunroom features a fireplace with a remote. In the last 6 years, the furnace, a/c, roof, garage doors and toilets have all been replaced. The second floor features four bedrooms, including a primary suite with bathroom and walk in closet. The finished basement offers extra living space and a bedroom. Don't miss out on calling this beautiful house your new home today!
Unit Size
2,384 Ft²
Days on Market
-
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
2003

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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.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2003
  • 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: 610
  • Garage Type: 1
  • Garage Square Area: 636
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,125
  • Lot Size Depth Feet: 1,130
  • Lot Size Frontage Feet: 640
  • Total Building Area: 3,699
  • Gross Building Area: 3,699
  • Building Area: 3,063
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,063
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHITE EAGLE SOUTH SUB
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: WHITE EAGLE SOUTH SUB 3RD ADD LOT 163

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001108

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-12-427-017
  • Lot: 163
  • Meridian: SEC 12 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4631
  • Longitude: -88.9276

    Address

  • Full Address: 3202 Cave Creek Rd
  • Address - House Number: 3202
  • Address - Street Name: Cave Creek
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R038
  • 4-Digit Zip Code: 4855
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $639,846
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1968
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 338,211
  • High Value: 404,782
  • Low Value: 271,639

    Market Valuation

  • Market Total Value: $243,858
  • Market Land Value: $48,258
  • Market Improvement Value: $195,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,286
  • Assessed Land Value: $16,086
  • Assessed Improvements Value: $65,200

    Sales

  • Current Sale Contract Date: May 07, 2018
  • Current Sale Recording Date: May 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-00007443
  • Previous Sale Recording Date: Apr 28, 2011
  • Previous Sale Contract Date: Apr 16, 2011
  • Previous Sale Amount: $223,500
  • 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 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

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MRED

Listed by: Noelle Burns, RE/MAX Rising
Data Source: MRED, MLS# MRD12289183
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 3202 Cave Creek Road built and last sold?
The property at 3202 Cave Creek Road was built in 2003 and last sold on May 7, 2018 for $240,000.
How much is this home worth?
The estimated value of the home located at 3202 Cave Creek Road is $382,790.
What are some comparable homes to 3202 Cave Creek Road?
There are currently no comparable homes to 3202 Cave Creek Road.
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