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Bloomington 61701
5 Ross Drive
$129,900
● House - Off Market

5 Ross Drive

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$813
Est. Monthly
7.16%
Cap Rate

About This Property

Newly Renovated: taken down to studs in 2021 and rebuilt with new roof, all new siding, new wiring throughout and new electrical box, new insulation and drywall on walls, New heater and water heater, floors, cabinets, tops, bathroom, fixtures and appliances. Approx $75,000 in improvements. Garage torn down due to disrepair - slab existing. Lot is 65x175. Shed is sold "as is" Agent interest.
Unit Size
864 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1954

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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 #11910435)

Price History

Date / Event Date Event Price
Dec 1, 2023 Sold
Premium
Sold
Oct 17, 2023 Listed by Keller Williams Revolution $129,900
Listed by Keller Williams Revolution

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 864
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 13,977
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HM ROSS SUB
  • Land Acres: 0000000321
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: HM ROSS SUB W1/2 LOT 5 &PT ROSS AVE LYG S & ADJ

Neighborhood

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

Zoning

  • Zoning: C1

Geography

  • District: 40
  • Parcel: 21-11-130-012
  • Lot: 5
  • Meridian: SEC 11 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4718
  • Longitude: -88.9573

    Address

  • Full Address: 5 Ross Dr
  • Address - House Number: 5
  • Address - Street Name: Ross
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C024
  • 4-Digit Zip Code: 5827
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $209,828
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 71
  • Final Value: 118,342
  • High Value: 142,958
  • Low Value: 93,727

    Market Valuation

  • Market Total Value: $74,067
  • Market Land Value: $39,984
  • Market Improvement Value: $34,083

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,689
  • Assessed Land Value: $13,328
  • Assessed Improvements Value: $11,361

    Sales

  • Current Sale Contract Date: Nov 01, 2023
  • Current Sale Recording Date: Dec 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17047
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:

$259,900

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2467 ft²

Average Home Age

60.2 years

Currently For Sale

98 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

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MRED

Listed by: Keisha Franke-Hopkins, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11910435
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 Ross Drive built and last sold?
The property at 5 Ross Drive was built in 1954 and last sold on Nov 1, 2023 for $130,000.
How much is this home worth?
The estimated value of the home located at 5 Ross Drive is $0.
What are some comparable homes to 5 Ross Drive?
There are currently no comparable homes to 5 Ross Drive.
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