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Bloomington 61701 Oakwoods
4 Palm Court
$225,000
● House - Off Market

4 Palm Court

Bloomington, IL 61701
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,514 Ft²
$1,527
Est. Monthly
$23
HOA / Fees

About This Property

Secluded 4 bedroom 2.5 bath tri-level at the end of Palm Ct in Oakwoods subdivision.  Plenty of shade on this wooded lot.  Home comes with primary bathroom, fenced yard and 3 finished levels. Roof replaced 2013.  Windows replaced with Window World lifetime warranty. TVs and mounts stay.  Lower level remodeled in 2012.  New water heater installed 2024. Washer and dryer stay. Close to trail and neighborhood park.  Amazing neighbors!
Unit Size
1,514 Ft²
Days on Market
-
Land Size
-
Price per sqft
$149
Property Type
House
Property Taxes
$400
HOA Dues
$23
Year Built
1992

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 39
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 944
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,250
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,368
  • Gross Building Area: 2,368
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD ADD OAKWOODS DEV
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 208 THIRD ADD TO OAKWOODS DEV

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 001404

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-17-151-016
  • Lot: 208
  • Meridian: SEC 17 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4543
  • Longitude: -89.019

    Address

  • Full Address: 4 Palm Ct
  • Address - House Number: 4
  • Address - Street Name: Palm
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R020
  • 4-Digit Zip Code: 7820
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $425,826
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 227,094
  • High Value: 274,330
  • Low Value: 179,858

    Market Valuation

  • Market Total Value: $162,576
  • Market Land Value: $35,391
  • Market Improvement Value: $127,185

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,192
  • Assessed Land Value: $11,797
  • Assessed Improvements Value: $42,395
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 Oakwoods

Stats & Trends

Median Asking:

$254,900

Sale Price/ft²

$131

Below Asking

0.01%

Average Days on Market

36

Average Home Size

2098 ft²

Average Home Age

36.8 years

Currently For Sale

0 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 35 Winding Way, Bloomington, IL, 61705

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 2,350 ft²
35 Winding Way, Bloomington, IL, 61705 Listing by Danell Moberly

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Allison Smith, RE/MAX Rising
Data Source: MRED, MLS# MRD12494031
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 4 Palm Court built and last sold?
The property at 4 Palm Court was built in 1992 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 Palm Court is $227,250.
What are some comparable homes to 4 Palm Court?
There are currently no comparable homes to 4 Palm Court.
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