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McLean 61705
8397 Medinah Drive
$606,700
● House - Off Market

8397 Medinah Drive

Bloomington, IL 61705
bedrooms
2 Beds
bathrooms
3 Baths
square feet
4,224 Ft²
$625,194
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Hoffman Ochs new construction. Pre-sold. List price does not reflect upgrades and change orders. *Agent Interest*
Unit Size
4,224 Ft²
Days on Market
-
Land Size
-
Price per sqft
$144
Property Type
House
Property Taxes
$7
HOA Dues
-
Year Built
-

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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 #11742701)

Price History

Date / Event Date Event Price
Mar 31, 2023 Sold
Premium
Sold
Mar 22, 2023 Listed by Coldwell Banker Real Estate Group $606,700
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: CRESTWICKE SOUTH SUB
  • Land Acres: 0000000350
  • Standard Land Use Code: 8010
  • County Land Use Code: 0032
  • Legal Description 1: CRESTWICKE SOUTH SUB 1ST ADD LOT 16

Neighborhood

  • School District Name: Heyworth Community Unit School District 4
  • Census Tract: 002102

Geography

  • District: 5
  • Parcel: 21-34-429-002
  • Lot: 16
  • Meridian: SEC 34 TWN 23N RNG 02E
  • Municipality: BLOOMINGTON
  • Latitude: 40.4061
  • Longitude: -88.9639

    Address

  • Full Address: 8397 Medinah Dr
  • Address - House Number: 8397
  • Address - Street Name: Medinah
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R013
  • 4-Digit Zip Code: 5438
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,936
  • Tax Rate Code Area: 502

    Appraisal Valuation

  • Standard Deviation: 0.1394
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 83
  • Final Value: 611,352
  • High Value: 696,622
  • Low Value: 526,082

    Market Valuation

  • Market Total Value: $3,252
  • Market Land Value: $3,252

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,084
  • Assessed Land Value: $1,084

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4437
  • Previous Sale Recording Date: Aug 19, 2022
  • Previous Sale Contract Date: Aug 04, 2022
  • Previous Sale Amount: $79,000
  • Previous Sale Document Type: 21
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

2430 ft²

Average Home Age

56.4 years

Currently For Sale

211 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: Taylor Hoffman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11742701
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 8397 Medinah Drive built and last sold?
The property at 8397 Medinah Drive was built in and last sold on Mar 31, 2023 for $607,000.
How much is this home worth?
The estimated value of the home located at 8397 Medinah Drive is $0.
What are some comparable homes to 8397 Medinah Drive?
There are currently no comparable homes to 8397 Medinah Drive.
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