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McLean 61705
5016 Finlen Lane
$509,900
● House - Off Market

5016 Finlen Lane

Bloomington, IL 61705
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,504 Ft²
$2,521
Est. Monthly
$8
HOA / Fees
7.02%
Cap Rate

About This Property

Beautiful new construction by Rave Homes!!! South facing large lot   70 x 149. 2 story home with 5 Bedrooms and 3 1/2 Baths. Main level offers Living Room with gas fireplace, Windows surrounding Sunroom, Kitchen with white cabinets, stainless appliances, quartz countertops, tiled backsplash, center island eating bar and walk in pantry. Mudroom off 3 car garage with lockers. Master suite with 2 sink vanity, tiled shower and walk in closet. 3 additional Bedrooms and a full Bath. Wonderful Laundry Room on the Bedroom level. Finished basement with Family Room, Rec area, Bedroom and full Bath. Great storage space. Fully sodded yard with a patio and landscaped around front entry. Pictures of interior home are of similar completed home. Builder offering 5000 new construction allowance.
Unit Size
3,504 Ft²
Days on Market
-
Land Size
-
Price per sqft
$146
Property Type
House
Property Taxes
$8
HOA Dues
$8
Year Built
2008

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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: 2 years ago (MRED MLS #12177347)

Price History

Date / Event Date Event Price
Nov 19, 2024 Sold
Premium
Sold
Oct 16, 2024 In contract -
In contract
Oct 1, 2024 Listed by Coldwell Banker Real Estate Group $509,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • 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: 800
  • Garage Type: 1
  • Garage Square Area: 741
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,160
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 680
  • Total Building Area: 3,752
  • Gross Building Area: 3,752
  • Building Area: 3,011
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,011
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KICKAPOO CREEK
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE GROVE ON KICKAPOO CREEK 1ST ADD LT 121

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: 22-08-476-020
  • Lot: 121
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4606
  • Longitude: -88.8853

    Address

  • Full Address: 5016 Francesco Ln
  • Address - House Number: 5016
  • 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: $869,510
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 388,719
  • High Value: 463,911
  • Low Value: 313,528

    Market Valuation

  • Market Total Value: $313,215
  • Market Land Value: $66,933
  • Market Improvement Value: $246,282

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $104,405
  • Assessed Land Value: $22,311
  • Assessed Improvements Value: $82,094

    Sales

  • Current Sale Contract Date: Sep 15, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00025657
  • Previous Sale Recording Date: Mar 01, 2011
  • Previous Sale Contract Date: Feb 04, 2011
  • Previous Sale Amount: $272,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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# 12177347
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 5016 Finlen Lane built and last sold?
The property at 5016 Finlen Lane was built in 2008 and last sold on Sep 15, 2021 for $340,000.
How much is this home worth?
The estimated value of the home located at 5016 Finlen Lane is $0.
What are some comparable homes to 5016 Finlen Lane?
There are currently no comparable homes to 5016 Finlen Lane.
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