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Bloomington 61701
322 Garfield Drive
$163,000
● House - Off Market

322 Garfield Drive

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,388 Ft²
$183,902
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Looking for a 3 bedroom ranch with 2 full baths, 1 half bath, hardwood flooring, and a finished basement?  This home has it and more including many updates.  All kitchen appliances remain.  Master bedroom with half bath.  Wood flooring in all bedrooms.  Finished lower level includes a family room with bar, full bath, and plenty of storage areas. New water heater in 2020.  Deck and pergola for outdoor relaxing and entertaining.  New roof in 2014.  Attached garage and huge lot in a convenient, central location.
Unit Size
2,388 Ft²
Days on Market
-
Land Size
-
Price per sqft
$68
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1965

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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 #11162643)

Price History

Date / Event Date Event Price
Sep 3, 2021 Sold
Premium
Sold
Jul 19, 2021 Listed by Coldwell Banker Real Estate Group $162,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 7
  • 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: 9
  • Basement Type: 2
  • Basement Area: 800
  • Garage Type: 1
  • Garage Square Area: 381
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 12,020
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,375
  • Gross Building Area: 2,375
  • Building Area: 1,994
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,994
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY KNOLLS
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: EIGHTH ADD TO FAIRWAY KNOLLS LOT 370

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 14-35-326-024
  • Lot: 370
  • Meridian: SEC 35 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4944
  • Longitude: -88.9565

    Address

  • Full Address: 322 Garfield Dr
  • Address - House Number: 322
  • Address - Street Name: Garfield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C031
  • 4-Digit Zip Code: 2126
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $315,214
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.228
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 196,468
  • High Value: 241,282
  • Low Value: 151,654

    Market Valuation

  • Market Total Value: $129,267
  • Market Land Value: $40,995
  • Market Improvement Value: $88,272

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,089
  • Assessed Land Value: $13,665
  • Assessed Improvements Value: $29,424

    Sales

  • Current Sale Contract Date: Sep 03, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021-00021829

    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:

$261,000

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

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: Ed Larsen, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11162643
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 322 Garfield Drive built and last sold?
The property at 322 Garfield Drive was built in 1965 and last sold on Sep 3, 2021 for $163,000.
How much is this home worth?
The estimated value of the home located at 322 Garfield Drive is $0.
What are some comparable homes to 322 Garfield Drive?
There are currently no comparable homes to 322 Garfield Drive.
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