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Bloomington 61701
706 Vale Street
$230,000
● House - Off Market

706 Vale Street

Bloomington, IL 61701
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,112 Ft²
$1,518
Est. Monthly
9.97%
Cap Rate
Unit Size
2,112 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$109
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1940

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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

Building Info

Overview

    General

  • Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 800
  • Garage Type: 4
  • Garage Square Area: 816
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 30,000
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,856
  • Gross Building Area: 1,989
  • Building Area: 1,856
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,856
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BACHS SUB
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: W R BACHS SUBN S690 LOT 14 THRU 16 CO CLERKS SUBN 10-23-2E COMM 100S OF NW COR LOT 9, E300, S100, W300, N100 TO POB

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 21-10-228-024
  • Lot: 14,16
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4722
  • Longitude: -88.967

    Address

  • Full Address: 706 Vale St
  • Address - House Number: 706
  • Address - Street Name: Vale
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C009
  • 4-Digit Zip Code: 5622
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $424,178
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 215,633
  • High Value: 249,118
  • Low Value: 182,147

    Market Valuation

  • Market Total Value: $167,730
  • Market Land Value: $59,007
  • Market Improvement Value: $108,723

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,910
  • Assessed Land Value: $19,669
  • Assessed Improvements Value: $36,241
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:

$262,500

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2452 ft²

Average Home Age

59.9 years

Currently For Sale

98 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: Karen Wilson, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12340842
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 706 Vale Street built and last sold?
The property at 706 Vale Street was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 706 Vale Street is $233,564.
What are some comparable homes to 706 Vale Street?
There are currently no comparable homes to 706 Vale Street.
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