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Bloomington 61704 Old Farm Lakes
607 Old Farm Road
$329,900
● House - Off Market

607 Old Farm Road

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,896 Ft²
$2,114
Est. Monthly
$20
HOA / Fees
Unit Size
1,896 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$174
Property Type
House
Property Taxes
$474
HOA Dues
$20
Year Built
1991

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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: 1991
  • 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: 6
  • Basement Area: 825
  • Garage Type: 1
  • Garage Square Area: 410
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 720
  • Total Building Area: 3,130
  • Gross Building Area: 3,130
  • Building Area: 2,433
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,433
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD FARM LAKES
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: OLD FARM LAKES NO 1 LOT 13

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001107

Zoning

  • Zoning: R2

Geography

  • District: 40
  • Parcel: 21-12-201-058
  • Lot: 13
  • Meridian: SEC 12 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4713
  • Longitude: -88.9309

    Address

  • Full Address: 607 Old Farm Rd
  • Address - House Number: 607
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R019
  • 4-Digit Zip Code: 1238
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $530,338
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1489
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 282,064
  • High Value: 324,086
  • Low Value: 240,042

    Market Valuation

  • Market Total Value: $205,203
  • Market Land Value: $46,353
  • Market Improvement Value: $158,850

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,401
  • Assessed Land Value: $15,451
  • Assessed Improvements Value: $52,950

    Sales

  • Current Sale Contract Date: Nov 09, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-00025534
  • Previous Sale Recording Date: Aug 25, 2005
  • Previous Sale Contract Date: Aug 19, 2005
  • Previous Sale Amount: $185,000
  • 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 Old Farm Lakes

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$108

Above Asking

0.00%

Average Days on Market

38

Average Home Size

3041 ft²

Average Home Age

30.8 years

Currently For Sale

0 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 3125 Old Jamestown Road, Bloomington, IL, 61704

$2,900 /mo

  • 4 Beds
  • 2 Baths
  • 3,196 ft²
3125 Old Jamestown Road, Bloomington, IL, 61704 Listing by Reshma Shah

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Justin Feese, Keller Williams Revolution
Data Source: MRED, MLS# MRD12540144
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 607 Old Farm Road built and last sold?
The property at 607 Old Farm Road was built in 1991 and last sold on Nov 9, 2020 for $215,000.
How much is this home worth?
The estimated value of the home located at 607 Old Farm Road is $0.
What are some comparable homes to 607 Old Farm Road?
There are currently no comparable homes to 607 Old Farm Road.
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