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McLean 61705
7 Red Maple Court
$450,000
● House - Off Market

7 Red Maple Court

Bloomington, IL 61705
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,851 Ft²
$425,713
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Beautiful open concept 4 bedroom, 3 bathroom Verkler home! Built in 2020, this home is a MUST SEE! The kitchen features quartz countertops, walk-in pantry, and stainless appliances which stay with the home. Gorgeous custom bamboo shades throughout, and finished basement with bar, perfect for entertaining. Generac generator and custom built outdoor patio (20k) with gas fireplace overlooking exquisite landscaping, outdoor lighting to remain.
Unit Size
2,851 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$149
Property Type
House
Property Taxes
$728
HOA Dues
$8
Year Built
2020

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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.

Last updated: 3 years ago (MRED MLS #11723686)

Price History

Date / Event Date Event Price
Jun 23, 2023 Sold
Premium
Sold
Feb 28, 2023 Listed by Coldwell Banker Real Estate Group $425,000
Listed by Coldwell Banker Real Estate Group
Oct 6, 2021 No longer available -
No longer available
May 23, 2020 In contract -
In contract
Apr 7, 2020 Price Increased $346,900
↑ $7K (2.1%)
Price Increased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2020
  • 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: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 645
  • Garage Type: 1
  • Garage Square Area: 712
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,650
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 670
  • Total Building Area: 3,792
  • Gross Building Area: 3,792
  • Building Area: 3,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,080
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KICKAPOO CREET 7TH ADD
  • Land Acres: 0000000245
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE GROVE ON KICKAPOO CREET 7TH ADDN LOT 504

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: 22-09-430-008
  • Lot: 504
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4627
  • Longitude: -88.8652

    Address

  • Full Address: 7 Red Maple Ct
  • Address - House Number: 7
  • Address - Street Name: Red Maple
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R048
  • 4-Digit Zip Code: 7511
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $948,738
  • Tax Rate Code Area: 4007

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 448,953
  • High Value: 536,443
  • Low Value: 361,463

    Market Valuation

  • Market Total Value: $345,156
  • Market Land Value: $69,726
  • Market Improvement Value: $275,430

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,052
  • Assessed Land Value: $23,242
  • Assessed Improvements Value: $91,810

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jun 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8341
  • Previous Sale Recording Date: Jul 14, 2020
  • Previous Sale Contract Date: Nov 12, 2019
  • Previous Sale Amount: $345,500
  • 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 McLean

Stats & Trends

Median Asking:

$264,900

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2431 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: Jared Litwiller, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11723686
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 7 Red Maple Court built and last sold?
The property at 7 Red Maple Court was built in 2020 and last sold on Jun 23, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 7 Red Maple Court is $0.
What are some comparable homes to 7 Red Maple Court?
There are currently no comparable homes to 7 Red Maple Court.
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