For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Bloomington 61701 Northwest Union
5 Ridgewood Terrace
$192,000
● House - Off Market

5 Ridgewood Terrace

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,092 Ft²
$190,218
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Sold sight unseen. Location, Location, Location! Updated Kitchen 2019, Updated Bathroom 2022, New Deck and added backdoor 2022. Levolor Blinds thorughout the home. Fenced in backyard. Gorgeous Copper Sink with 36 in Fridge. Specialized oven with preset temp sections
Unit Size
1,092 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1925

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11764355)

Price History

Date / Event Date Event Price
Jun 15, 2023 Sold
Premium
Sold
Apr 20, 2023 Listed by RE/MAX Rising $189,900
Listed by RE/MAX Rising

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 189
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 4,935
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,281
  • Gross Building Area: 1,281
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RALPH THOMPSON ADD
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RALPH THOMPSON ADD LOT 9

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001302

Zoning

  • Zoning: R2

Geography

  • District: 40
  • Parcel: 14-33-334-003
  • Lot: 9
  • Meridian: SEC 33 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4924
  • Longitude: -88.9935

    Address

  • Full Address: 5 Ridgewood Ter
  • Address - House Number: 5
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C025
  • 4-Digit Zip Code: 1765
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $297,112
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2237
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 69
  • Final Value: 163,328
  • High Value: 199,870
  • Low Value: 126,786

    Market Valuation

  • Market Total Value: $122,877
  • Market Land Value: $16,119
  • Market Improvement Value: $106,758

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,959
  • Assessed Land Value: $5,373
  • Assessed Improvements Value: $35,586

    Sales

  • Current Sale Contract Date: May 01, 2023
  • Current Sale Recording Date: Jun 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8014
  • Previous Sale Recording Date: Dec 23, 2008
  • Previous Sale Contract Date: Dec 05, 2008
  • Previous Sale Amount: $166,500
  • Previous Sale Document Type: 71
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 Northwest Union

Stats & Trends

Median Asking:

$148,950

Sale Price/ft²

$92

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1576 ft²

Average Home Age

116 years

Currently For Sale

4 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 1313 E Washington Street, Bloomington, IL, 61701

$2,400 /mo

  • 5 Beds
  • 2 Baths
  • 3,525 ft²
1313 E Washington Street, Bloomington, IL, 61701 Listing by Colleen Zerebny
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: Noelle Burns, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11764355
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 5 Ridgewood Terrace built and last sold?
The property at 5 Ridgewood Terrace was built in 1925 and last sold on May 1, 2023 for $192,000.
How much is this home worth?
The estimated value of the home located at 5 Ridgewood Terrace is $191,799.
What are some comparable homes to 5 Ridgewood Terrace?
There are currently no comparable homes to 5 Ridgewood Terrace.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Bloomington Homes for Sale
Bloomington Houses for Sale
Bloomington Condos for Sale
Bloomington Townhouses for Sale
Bloomington Multifamily for Sale
Bloomington Land for Sale
Bloomington Commercial for Sale
Bloomington Homes with Basements
Nearby Cities
Normal Homes for Sale
Twin Grove Homes for Sale
Hudson Homes for Sale
Carlock Homes for Sale
Danvers Homes for Sale
Downs Homes for Sale
Stanford Homes for Sale
Towanda Homes for Sale
Nearby Property Records
McLean County, IL Property Records
Woodford County, IL Property Records
De Witt County, IL Property Records
Tazewell County, IL Property Records
Logan County, IL Property Records
Livingston County, IL Property Records
Piatt County, IL Property Records
Ford County, IL Property Records
Neighborhoods
South Hill Real Estate
Fox Creek Road Real Estate
Northwest Union Real Estate
Near East Side Real Estate
Lakewood-Hillcrest Real Estate
Founders Grove Real Estate
South Oakland Real Estate
Lang's Alley Real Estate
Nearby Counties
Bloomington City Homes for Sale
Normal Homes for Sale
Old Town Homes for Sale
Towanda Homes for Sale
Dry Grove Homes for Sale
Danvers Homes for Sale
White Oak Homes for Sale
Dale Homes for Sale
Top Real Estate Agents
Top Agents in Northwest Union
Top Agents in Bloomington
Top Agents in Bloomington City
Top Agents in 61761
Top Agents in Normal
Top Agents in Normal
Top Agents in 61701
Top Agents in 61704