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McLean 61704
424 Priscilla Lane
$160,000
● House - Off Market

424 Priscilla Lane

Bloomington, IL 61704
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,536 Ft²
$1,091
Est. Monthly
17.96%
Cap Rate

About This Property

5 bedroom 2 bath home in Colonial Meadows. Refinished hardwood floors throughout most of main level. Fresh paint. New stove and refrigerator. Newer furnace. Big backyard!
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$111
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1968

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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: 3 years ago (MRED MLS #12102685)

Price History

Date / Event Date Event Price
Aug 19, 2024 Sold
Premium
Sold
Jul 25, 2024 In contract -
In contract
Jul 18, 2024 Listed by RE/MAX Choice $169,900
Listed by RE/MAX Choice

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,681
  • Total Building Area: 1,440
  • Gross Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL MEADOWS SUB
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: COLONIAL MEADOWS SUB PT SEC 1-23-2E LOT 37

Neighborhood

  • School District Name: Bloomington School District 87
  • Census Tract: 001103

Geography

  • District: 5
  • Parcel: 21-01-477-012
  • Lot: 37
  • Meridian: SEC 01 TWN 23N RNG 02E
  • Municipality: BLOOMINGTON
  • Latitude: 40.4758
  • Longitude: -88.9256

    Address

  • Full Address: 424 Priscilla Ln
  • Address - House Number: 424
  • Address - Street Name: Priscilla
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R019
  • 4-Digit Zip Code: 4688
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $271,154
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 511

    Appraisal Valuation

  • Standard Deviation: 0.228
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 176,200
  • High Value: 216,391
  • Low Value: 136,009

    Market Valuation

  • Market Total Value: $119,082
  • Market Land Value: $21,162
  • Market Improvement Value: $97,920

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,694
  • Assessed Land Value: $7,054
  • Assessed Improvements Value: $32,640

    Sales

  • Current Sale Contract Date: Oct 29, 2008
  • Current Sale Recording Date: Oct 31, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008-00028852
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 McLean

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2448 ft²

Average Home Age

53.8 years

Currently For Sale

216 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 3125 Old Jamestown Road, Bloomington, IL, 61704

$2,900 /mo

  • 4 Beds
  • 2 Baths
  • 3,196 ft²
3125 Old Jamestown Road, Bloomington, IL, 61704 Listing by Reshma Shah

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Larissa Seggerman, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 12102685
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 424 Priscilla Lane built and last sold?
The property at 424 Priscilla Lane was built in 1968 and last sold on Oct 29, 2008 for $79,000.
How much is this home worth?
The estimated value of the home located at 424 Priscilla Lane is $171,599.
What are some comparable homes to 424 Priscilla Lane?
There are currently no comparable homes to 424 Priscilla Lane.
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