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Bloomington 61701
508 McGregor Street
$168,500
● House - Off Market

508 McGregor Street

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,964 Ft²
$1,153
Est. Monthly
8.98%
Cap Rate

About This Property

Nestled in the charming Meadowbrook subdivision of Bloomington, this cozy 2-bedroom, 1-bath home is the perfect place to settle in. Offering a blend of comfort and functionality, this home boasts recent updates including a brand-new 2-stage furnace and AC system (2022), a new dewatering system, sump pump, water heater, breaker box, and attic windows (2023), and sleek solar panels installed in 2024, ensuring modern efficiency.    The attached single-car garage features an enclosed patio that opens to a spacious backyard, ideal for outdoor relaxation. With a full-size basement and a walk-up attic, there's plenty of room to expand and personalize your living space.    Located in a fantastic neighborhood, this home is just moments away from Oakland Elementary, Lakeside Country Club, and Holiday Park-perfect for enjoying the outdoors or a quick commute. Whether you're a first-time homebuyer or looking for a solid investment, this property offers incredible potential and a welcoming atmosphere. Don't miss the chance to make it yours!
Unit Size
1,964 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$88
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1955

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Last updated: 2 years ago (MRED MLS #12277204)

Price History

Date / Event Date Event Price
Mar 21, 2025 Sold
Sold
Feb 15, 2025 In contract -
In contract
Feb 11, 2025 Listed by Freedom Realty $172,000
Listed by Freedom Realty
Jun 29, 2023 Sold
Sold
May 16, 2023 Listed by Circle One Realty $149,995
Listed by Circle One Realty
Multiple offers received...seller has instructed me to ask for highest and best with best terms due by Monday at 10am (5/22/23). 2 bed 1 bath with attached single garage, large usable basement and bonus attic room with staircase. New 2 stage furnace/AC in 2022 sized for future development of attic into living space. Stove, microwave, washer and gas dryer stay. Has fiber for Metronet and was running at 1Gig. Great location close to golf course, pool and park. Being sold as is. Great first time home opportunity with potential to improve.
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Property Highlights


Building Info

Overview

    General

  • Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 262
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 79
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 4,828
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,244
  • Gross Building Area: 1,344
  • Building Area: 982
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 982
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKLAND SUB
  • Land Acres: 0000000111
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: OAKLAND SUB LOT 9 BLK 3

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-10-201-007
  • Block: 3
  • Lot: 9
  • Meridian: SEC 10 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4732
  • Longitude: -88.9721

    Address

  • Full Address: 508 Mcgregor St
  • Address - House Number: 508
  • Address - Street Name: Mcgregor
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C005
  • 4-Digit Zip Code: 5610
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $342,266
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 120,624
  • High Value: 131,483
  • Low Value: 109,765

    Market Valuation

  • Market Total Value: $120,816
  • Market Land Value: $26,145
  • Market Improvement Value: $94,671

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,272
  • Assessed Land Value: $8,715
  • Assessed Improvements Value: $31,557

    Sales

  • Current Sale Contract Date: Jun 26, 2023
  • Current Sale Recording Date: Jul 06, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8746
  • Previous Sale Recording Date: Sep 09, 2022
  • Previous Sale Contract Date: Jun 16, 2022
  • Previous Sale Amount: $111,500
  • Previous Sale Document Type: 33
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 508 McGregor Street built and last sold?
The property at 508 McGregor Street was built in 1955 and last sold on Jun 26, 2023 for $161,000.
How much is this home worth?
The estimated value of the home located at 508 McGregor Street is $174,015.
What are some comparable homes to 508 McGregor Street?
There are currently no comparable homes to 508 McGregor Street.