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Bloomington 61701 Lang's Alley
824 W Mill Street
$171,000
● House - Off Market

824 W Mill Street

Bloomington, IL 61701
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,988 Ft²
$155,260
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Sitting on a LARGE .23 acre corner lot, this home is a true STUNNER! Featuring 4 beds, 2 baths, and an oversized 2-car garage (with an additional side garage door for easy access to the fenced-in yard)! Impressive styling updates feature wood flooring '14, LED lighting, all kitchen cabinets and countertops '14, refrigerator and dishwasher '15; and a tiled bathroom on 1st fl '12 and 2nd fl '14. Major functional updates include all electrical and plumbing; furnace and water heater '09, A/C '13. Exterior updates include siding and gutters '10, Cedar fence and deck/porch '14; garage roof '09.
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$78
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1925

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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 #11725552)

Price History

Date / Event Date Event Price
Jun 15, 2023 Sold
Premium
Sold
Mar 30, 2023 Listed by Coldwell Banker Real Estate Group $155,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 398
  • Garage Type: 4
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 77
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 9,875
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,988
  • Gross Building Area: 1,988
  • Building Area: 1,590
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,590
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTY CLERKS
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SUBN LOT 6 SUB S1/2 5-23-2E (EX E4.5) LOT 19

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001500

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-05-483-001
  • Lot: 6,19
  • Meridian: SEC 05 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4741
  • Longitude: -89.0041

    Address

  • Full Address: 824 W Mill St
  • Address - House Number: 824
  • Street Direction: W
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C015
  • 4-Digit Zip Code: 4924
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $236,482
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2237
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 69
  • Final Value: 148,538
  • High Value: 181,772
  • Low Value: 115,305

    Market Valuation

  • Market Total Value: $101,475
  • Market Land Value: $28,464
  • Market Improvement Value: $73,011

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,825
  • Assessed Land Value: $9,488
  • Assessed Improvements Value: $24,337

    Sales

  • Current Sale Contract Date: May 05, 2023
  • Current Sale Recording Date: Jun 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8053
  • Previous Sale Recording Date: Mar 31, 2016
  • Previous Sale Contract Date: Mar 10, 2016
  • Previous Sale Amount: $116,500
  • 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 Lang's Alley

Stats & Trends

Median Asking:

$136,450

Sale Price/ft²

$93

Below Asking

0.04%

Average Days on Market

69

Average Home Size

1021 ft²

Average Home Age

101 years

Currently For Sale

2 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 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Leah Bond, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11725552
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 824 West Mill Street built and last sold?
The property at 824 West Mill Street was built in 1925 and last sold on May 5, 2023 for $171,000.
How much is this home worth?
The estimated value of the home located at 824 West Mill Street is $0.
What are some comparable homes to 824 West Mill Street?
There are currently no comparable homes to 824 West Mill Street.
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