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Bloomington 61705
5308 Longfield Road
$520,000
● House - Off Market

5308 Longfield Road

Bloomington, IL 61705
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,443 Ft²
$529,070
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Beautiful, one owner 1.5 story home in the Grove. 5 bedrooms, 4 full bathrooms, full finished walk out basement and an IN-GROUND POOL!! Some recent updates include but not limited too: New siding 22, fresh paint 2022, Trex Deck 2021, dishwasher 22, family room hardwood flooring 2015. Heated pool with automatic cover, whole house speaker system, lower patio with brick retaining wall, 3 car garage with bump out.
Unit Size
4,443 Ft²
Days on Market
-
Land Size
-
Price per sqft
$118
Property Type
House
Property Taxes
$978
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: 3 years ago (MRED MLS #11696986)

Price History

Date / Event Date Event Price
May 23, 2023 Sold
Premium
Sold
Jan 4, 2023 Listed by Coldwell Banker Real Estate Group $525,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 1,526
  • Garage Type: 1
  • Garage Square Area: 990
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 105
  • Pool Type: 8
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,698
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 870
  • Total Building Area: 5,174
  • Gross Building Area: 5,174
  • Building Area: 4,184
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 4,184
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KICKAPOO CREEK
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE GROVE ON KICKAPOO CREEK 1ST ADD LT 29

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 22-09-301-004
  • Lot: 29
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4626
  • Longitude: -88.8799

    Address

  • Full Address: 5308 Longfield Rd
  • Address - House Number: 5308
  • Address - Street Name: Longfield
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R002
  • 4-Digit Zip Code: 9527
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,272,378
  • Tax Rate Code Area: 4008

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 558,322
  • High Value: 662,900
  • Low Value: 453,744

    Market Valuation

  • Market Total Value: $449,997
  • Market Land Value: $79,815
  • Market Improvement Value: $370,182

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $149,999
  • Assessed Land Value: $26,605
  • Assessed Improvements Value: $123,394

    Sales

  • Current Sale Contract Date: May 23, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6824
  • Previous Sale Recording Date: Apr 08, 2008
  • Previous Sale Contract Date: Apr 01, 2008
  • Previous Sale Amount: $426,000
  • 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

46

Average Home Size

2452 ft²

Average Home Age

59.4 years

Currently For Sale

100 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: Taylor Hoffman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11696986
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 5308 Longfield Road built and last sold?
The property at 5308 Longfield Road was built in 2008 and last sold on May 23, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 5308 Longfield Road is $0.
What are some comparable homes to 5308 Longfield Road?
There are currently no comparable homes to 5308 Longfield Road.
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