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Bloomington 61704 Old Farm Lakes
8 Cygnet Crossing
$338,000
● House - Off Market

8 Cygnet Crossing

Bloomington, IL 61704
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,363 Ft²
$2,419
Est. Monthly
$19
HOA / Fees
9.81%
Cap Rate

About This Property

This beauty is located on a cul-de-sac, with the walking path to the trail around the lake and the park just a couple of houses away! Built-in bookcases surround the fireplace, 9' ceilings, large island in kitchen, double ovens, built-in lighted cabinetry in dining room with granite countertops. Lots of natural light fills this open concept home. Come and check out this 4 (possibly 5) bedroom, 3.5 bath home before its too late! New roof in 2012, hot water heater in 2015, New furnace and A/C in 2017.
Unit Size
2,363 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$647
HOA Dues
$19
Year Built
1996

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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: 1996
  • 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: 2
  • Basement Area: 900
  • Garage Type: 1
  • Garage Square Area: 476
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 6,969
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 620
  • Total Building Area: 3,596
  • Gross Building Area: 3,596
  • Building Area: 3,120
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,120
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD FARM LAKES
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 313 OLD FARM LAKES #12

Neighborhood

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

Zoning

  • Zoning: R2

Geography

  • District: 40
  • Parcel: 21-12-227-014
  • Lot: 313
  • Meridian: SEC 12 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4711
  • Longitude: -88.9279

    Address

  • Full Address: 8 Cygnet Xing
  • Address - House Number: 8
  • Address - Street Name: Cygnet
  • Address - Suffix Type: Xing
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R019
  • 4-Digit Zip Code: 4800
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $647,912
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 332,706
  • High Value: 401,909
  • Low Value: 263,503

    Market Valuation

  • Market Total Value: $246,705
  • Market Land Value: $41,232
  • Market Improvement Value: $205,473

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,235
  • Assessed Land Value: $13,744
  • Assessed Improvements Value: $68,491

    Sales

  • Current Sale Contract Date: Aug 15, 2019
  • Current Sale Recording Date: Aug 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-00013323
  • Previous Sale Recording Date: Dec 04, 2014
  • Previous Sale Contract Date: Nov 13, 2014
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

$107

Above Asking

0.00%

Average Days on Market

38

Average Home Size

2998 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

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MRED

Listed by: Cindy Eckols, RE/MAX Choice
Data Source: MRED, MLS# MRD12479927
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 8 Cygnet Crossing built and last sold?
The property at 8 Cygnet Crossing was built in 1996 and last sold on Aug 15, 2019 for $224,000.
How much is this home worth?
The estimated value of the home located at 8 Cygnet Crossing is $0.
What are some comparable homes to 8 Cygnet Crossing?
There are currently no comparable homes to 8 Cygnet Crossing.
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