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Bloomington 61701
502 Colton Avenue
$259,000
● House - Off Market

502 Colton Avenue

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,036 Ft²
$1,720
Est. Monthly

About This Property

Gorgeous all brick home in Historic Davis Addition. Beautifully updated with all newer flooring on main floor. Large Family Room with a gas fireplace. Plenty of Dining room space with newer sliding doors to patio. Kitchen with white cabinets, granite counter tops and stainless appliances. 3 Bedrooms and 3 full baths. 2 Bedrooms on the main level and a huge suite upstairs with a walk in closet and the bath has a tiled surround shower. Finished Family Room in Basement with tile floor along with Laundry and storage space. 2 Car garage, fenced yard and a wonderful large patio.
Unit Size
3,036 Ft²
Days on Market
-
Land Size
-
Price per sqft
$87
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1951

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • 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: 2
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 550
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,246
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,205
  • Gross Building Area: 2,205
  • Building Area: 2,205
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,205
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DAVIS 1945 HOME PLACE
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: DAVIS 1945 HOME PLACE ADD LOT 6 BLK 2

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001800

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 21-03-155-015
  • Block: 2
  • Lot: 6
  • Meridian: SEC 03 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4829
  • Longitude: -88.9781

    Address

  • Full Address: 502 Colton Ave
  • Address - House Number: 502
  • Address - Street Name: Colton
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C007
  • 4-Digit Zip Code: 3312
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $406,748
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1892
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 234,184
  • High Value: 278,494
  • Low Value: 189,874

    Market Valuation

  • Market Total Value: $161,577
  • Market Land Value: $32,298
  • Market Improvement Value: $129,279

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,859
  • Assessed Land Value: $10,766
  • Assessed Improvements Value: $43,093

    Sales

  • Current Sale Contract Date: Dec 19, 2016
  • Current Sale Recording Date: Jan 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-00000018
  • Previous Sale Recording Date: Sep 01, 2011
  • Previous Sale Contract Date: Aug 30, 2011
  • Previous Sale Amount: $173,000
  • 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 Bloomington

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2443 ft²

Average Home Age

59.3 years

Currently For Sale

101 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

$2,700 /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: Deb Connor, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12521092
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 502 Colton Avenue built and last sold?
The property at 502 Colton Avenue was built in 1951 and last sold on Dec 19, 2016 for $184,000.
How much is this home worth?
The estimated value of the home located at 502 Colton Avenue is $0.
What are some comparable homes to 502 Colton Avenue?
There are currently no comparable homes to 502 Colton Avenue.
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