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McLean 61705
5008 Finlen Lane
$575,000
● House - Off Market

5008 Finlen Lane

Bloomington, IL 61705
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,254 Ft²
$2,807
Est. Monthly
$8
HOA / Fees
6.30%
Cap Rate

About This Property

GORGEOUS new construction floor plan. So much space in this 5 Bedroom, 3 1/2 Bath home. Enter into the beautiful foyer with beamed ceiling. First floor Office/Flex room with vaulted ceiling. The Kitchen is a chefs delight with quartz counter tops, many cabinets, center island eating bar,  butler's buffet with cabinets, shelves, beverage center and a pantry w/custom built in's. Amazing 2 story Living Room with gas fireplace floor to ceiling custom surround and beautiful windows. Large Mudroom with built in lockers, and laundry hookups. Upstairs offers a nice size Loft with a ship lap accent wall, 3 Large bedrooms and a full bath. Finished basement with a great Family Room, Bedroom full Bath and storage space. Fully sodded yard
Unit Size
4,254 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
-
HOA Dues
$8
Year Built
2009

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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 #12203166)

Price History

Date / Event Date Event Price
Dec 17, 2024 Sold
Premium
Sold
Nov 21, 2024 In contract -
In contract
Nov 12, 2024 Listed by Coldwell Banker Real Estate Group $569,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 932
  • Garage Type: 1
  • Garage Square Area: 683
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 105
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,990
  • Gross Building Area: 3,990
  • Building Area: 3,307
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,307
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KICKAPOO CREEK
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE GROVE ON KICKAPOO CREEK 1ST ADD LT 125

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 005401

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 22-08-476-016
  • Lot: 125
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4607
  • Longitude: -88.8863

    Address

  • Full Address: 5008 Francesco Ln
  • Address - House Number: 5008
  • Address - Street Name: Francesco
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R002
  • 4-Digit Zip Code: 7108
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $834,014
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 402,465
  • High Value: 475,427
  • Low Value: 329,504

    Market Valuation

  • Market Total Value: $301,164
  • Market Land Value: $70,959
  • Market Improvement Value: $230,205

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,388
  • Assessed Land Value: $23,653
  • Assessed Improvements Value: $76,735

    Sales

  • Current Sale Contract Date: Mar 12, 2018
  • Current Sale Recording Date: Mar 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-00004004
  • Previous Sale Recording Date: Jun 24, 2009
  • Previous Sale Contract Date: Jun 17, 2009
  • Previous Sale Amount: $265,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$264,900

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2429 ft²

Average Home Age

53.2 years

Currently For Sale

213 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: Deb Connor, Coldwell Banker Real Estate Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12203166
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 5008 Finlen Lane built and last sold?
The property at 5008 Finlen Lane was built in 2009 and last sold on Mar 12, 2018 for $278,000.
How much is this home worth?
The estimated value of the home located at 5008 Finlen Lane is $0.
What are some comparable homes to 5008 Finlen Lane?
There are currently no comparable homes to 5008 Finlen Lane.
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