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McLean 61705
8662 Oakmont Road #0
$249,900
● House - Off Market

8662 Oakmont Road #0

Bloomington, IL 61705
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,808 Ft²
$1,528
Est. Monthly
$3
HOA / Fees
6.21%
Cap Rate

About This Property

Nestled within the highly sought-after Crestwicke Subdivision, this beautifully updated duplex offers the perfect blend of comfort, style, and convenience. With 2 bedrooms and 2.5 bathrooms, this home is ideal for those seeking low-maintenance living in a vibrant golf cart community.  The interior boasts fresh, newer paint and sleek, modern flooring throughout, creating a welcoming and contemporary atmosphere. The living and dining areas are perfect for entertaining or relaxing, with plenty of natural light pouring in through the windows.   Step outside to your private fenced yard, where you can enjoy the outdoors in peace and privacy. A well-sized deck is perfect for barbecues, lounging, or enjoying your morning coffee.
Unit Size
1,808 Ft²
Days on Market
-
Land Size
-
Price per sqft
$138
Property Type
House
Property Taxes
$298
HOA Dues
$3
Year Built
1983

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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: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 29
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 251
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,325
  • Total Building Area: 1,042
  • Gross Building Area: 1,042
  • Building Area: 1,042
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKMONT CONDO
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: OAKMONT CONDOS ON LOT 22 CRESTWICKE EAST SUB NE 34 & NW 35-23-2E UNIT B & 50% INT COMMON ELEMENTS

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 002102

Geography

  • District: 5
  • Parcel: 21-35-151-020
  • Lot: 22
  • Meridian: SEC 35 TWN 23N RNG 02E
  • Municipality: BLOOMINGTON
  • Latitude: 40.411
  • Longitude: -88.9568

    Address

  • Full Address: 8662 Oakmont Rd
  • Address - House Number: 8662
  • Address - Street Name: Oakmont
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R013
  • 4-Digit Zip Code: 9005
  • Zip Code: 61705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $357,006
  • Tax Rate Code Area: 503

    Appraisal Valuation

  • Standard Deviation: 0.1511
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 216,238
  • High Value: 248,919
  • Low Value: 183,558

    Market Valuation

  • Market Total Value: $147,843
  • Market Land Value: $24,618
  • Market Improvement Value: $123,225

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,281
  • Assessed Land Value: $8,206
  • Assessed Improvements Value: $41,075

    Sales

  • Current Sale Contract Date: Oct 30, 2023
  • Current Sale Recording Date: Oct 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15018
  • Previous Sale Recording Date: Oct 02, 2020
  • Previous Sale Contract Date: Sep 18, 2020
  • Previous Sale Amount: $145,000
  • 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:

$265,000

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2420 ft²

Average Home Age

55.6 years

Currently For Sale

216 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: Brandon Holtz, RE/MAX Rising
Data Source: MRED, MLS# MRD12431482
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 8662 Oakmont Road built and last sold?
The property at 8662 Oakmont Road was built in 1983 and last sold on Oct 30, 2023 for $215,000.
How much is this home worth?
The estimated value of the home located at 8662 Oakmont Road is $250,737.
What are some comparable homes to 8662 Oakmont Road?
There are currently no comparable homes to 8662 Oakmont Road.
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