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Bloomington 61701
408 Maizefield Avenue
$135,000
● House - Off Market

408 Maizefield Avenue

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
1 Bath
square feet
920 Ft²
$932
Est. Monthly
12.02%
Cap Rate

About This Property

Well maintained ranch in Oakland School district. Great starter home or investment property with updates including newer roof, and recently painted interior.
Unit Size
920 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$141
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
1955

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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.

Last updated: 2 years ago (MRED MLS #12292549)

Price History

Date / Event Date Event Price
Mar 12, 2025 Sold
Premium
Sold
Feb 25, 2025 In contract -
In contract
Feb 22, 2025 Listed by Coldwell Banker R.E. Group $129,900
Listed by Coldwell Banker R.E. Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • 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: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 775
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 5,101
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,550
  • Gross Building Area: 1,717
  • Building Area: 775
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 775
  • 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: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: ASSOC OF COMMERCE ADD OT 6 BLK 8

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-10-133-007
  • Block: 8
  • Meridian: SEC 10 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4714
  • Longitude: -88.9747

    Address

  • Full Address: 408 Maizefield Ave
  • Address - House Number: 408
  • Address - Street Name: Maizefield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C005
  • 4-Digit Zip Code: 5512
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $326,042
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 139,547
  • High Value: 168,573
  • Low Value: 110,521

    Market Valuation

  • Market Total Value: $115,089
  • Market Land Value: $27,012
  • Market Improvement Value: $88,077

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,363
  • Assessed Land Value: $9,004
  • Assessed Improvements Value: $29,359
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

Rentals Near You

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MRED

Listed by: Jeremy Brandow, Coldwell Banker R.E. Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12292549
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 408 Maizefield Avenue built and last sold?
The property at 408 Maizefield Avenue was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 408 Maizefield Avenue is $0.
What are some comparable homes to 408 Maizefield Avenue?
There are currently no comparable homes to 408 Maizefield Avenue.
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