$321,344Average Value$191Average Price per Sq Ft1Home For Sale
Artificial lakes offering plenty to do
Old Farm Lakes is a suburban neighborhood that gives its residents ample lakeside space to roam. The lakes, originally ponds designed to catch run-off during the construction of the neighborhood, are regularly restocked with fish by the Old Farm Lakes Property Owners Association. Local families can appreciate the outdoor recreation, but there's more. “It’s a great neighborhood,” says Liliana Taimoorazi, Bloomington Realtor with Coldwell Banker Real Estate Group. “It’s a family neighborhood with lakes and walking paths around the lakes. It’s near good schools and close to a lot of businesses.”
Find your forever home among the twin lakes in Old Farm Lakes.
Find peace and tranquility at one of the several lakes in the Old Farm Lakes neighborhood.
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Miles of trails, local parks nearby
Old Farm Lakes is home to Fountain Lake, the smaller of the neighborhood’s lakes, and Swan Lake, the largest lake. While no boats are allowed on Fountain Lake, paddle boats, canoes and other small craft are permitted on Swan Lake, as long as they are not gasoline-powered. The neighborhood is close to the Constitution Trail, a 37-mile paved trail frequented by bikers, runners and walkers. The trail weaves throughout Bloomington-Normal and connects residents to trailheads throughout the metro area. Half-a-mile south and connected to Old Farm Lakes by the local trail system, Gaelic Park holds a playground, a basketball court and a gazebo. Slightly more than half-a-mile west, Rollingbrook Park gives pickleballers a place to play and offers kids a playground to enjoy.
Hike miles of trails along the Constitution Trail in Old Farm Lakes.
Gaelic Park in Old Farm Lakes offers miles of walking trails and a renovated playground.
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Mature trees and homes receiving updates
The median year homes were built in Old Farm Lakes is 1999, so many homeowners have replaced their roofs, updated their AC systems and made a few other upgrades. Because of the age of the neighborhood, its homes enjoy more space and a more mature setting than newer neighborhoods. “It was a cornfield twenty or thirty years ago, when they started it,” says Liliana Taimoorazi, Bloomington Realtor with Coldwell Banker Real Estate Group. “The homes have good-sized yards and mature trees.” Homes on these lots range in style from two-story traditional to ranch-style. Prices range from $215,000 to $375,000, with a median price of $336,500, 18% greater than the previous year.
Newly constructed colonial style homes feature a modern aesthetic twist on classic architecture.
Homes in Old Farm Lakes typically go for an average of over $300,000.
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Shopping and dining along Veterans Parkway
East Oakland Avenue connects Old Farm Lakes to Veterans Parkway, the area’s commercial corridor. Along Veterans Parkway and its side roads, residents can stop at McDonald’s and other national chains, or they can enjoy local hotspots such as Aroma Indian Restaurant & Bar. At the Veterans and East Oakland intersection, Kroger gives residents a place to pick up their grocery orders. A mile north of East Oakland and Veterans Parkway, the Veterans and East Empire Street intersection holds the Eastland Mall, home to staples including Spencers and Old Navy.
Enjoy fine Italian dining at Biaggi's Ristorante Italiano in Old Farm Lakes.
The Eastland Mall in nearby Bloomington offers residents convenient access to major retailers.
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Nationally ranked Bloomington High School
Washington Elementary School serves the youngest learners of Old Farm Lakes and earns a B on Niche. Middle school students attend Bloomington Junior High School, which earns a B-minus, while high schoolers attend Bloomington High School, which earns an A-minus. Bloomington High School was named a Bronze Medal Winner by U.S. News & World Report in 2009 and a Silver Medal Winner in 2012.
Bloomington Junior High School has a student-teacher ratio of 12 to 1.
Join track, baseball or over 20 other sports programs at Bloomington High School.
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A regional airport less than a mile away
The most apparent landmark around Old Farm Lakes is the Central Illinois Regional Airport at Bloomington-Normal, just northwest of the neighborhood. The airport connects residents to larger airports throughout the country. Drivers hoping for interstate travel can head 5 miles southwest to reach Interstate 74, which puts downtown St. Louis roughly 160 miles southwest of Bloomington. Resident walkers also have plenty of options since the neighborhood’s streets are lined with sidewalks, which also connect to the Constitution Trail and a network of smaller trails.
Fly direct to Central Illinois Regional Airport in nearby Bloomington.
Experience engineering marvels at the Prairie Aviation Museum in Old Farm Lakes.
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Much to celebrate in nearby Downtown Bloomington
Each spring, the subdivisions of Old Farm Lakes and Oakridge hold a massive, annual garage sale. The two-day sale is advertised in a local newspaper, and the boards of the communities create maps to outline participating homes and the items they are selling. Five miles west of Old Farm Lakes, Downtown Bloomington hosts a full calendar of annual events. Springtime brings live music to the area with Normal Live, a concert series running from late spring to early fall. In the summer, Bloomington celebrates local beer brewers with Bruegala, which features live music and local food trucks. The city also celebrates the holidays in a big way with the Bloomington-Normal Jaycee Holiday Parade, which helps raise money for Toys for Tots.
Satisfy your historical curiosity at the McLean County Museum of History in nearby Bloomington.
Experience the vibrant downtown of nearby Bloomington.
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Little noise from the airport
Though the airport is close to the neighborhood, Taimoorazi says the neighborhood doesn’t experience too much noise from planes. “They don’t fly big planes in and out of there,” she says. Additionally, the airport was renovated in the 1980s, redirecting flights to take off and land primarily on paths that travel over cornfields and not the area’s neighborhoods.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Sean Caldwell,
an experienced agent in this neighborhood.
Parks in this Area
Rollingbrook Park
Walt Bittner Park
Gaelic Park
Shepard Dog Park
Old Farm Lakes Playground
Miller Park
Constitution Trail
Mcgraw Park
Eagle View Park
Transit
Airport
Central Il Regional/Bloomington-Normal
11 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Old Farm Lakes
US
Homicide
1
4
Sexual Assault
2
4
Assault with Weapon
1
4
Robbery
1
4
Burglary
1
4
Motor Vehicle Theft
1
4
Larceny
2
4
Crime Score
1
4
Source: WhatIsMyCrimeRisk.com
Old Farm Lakes Demographics and Home Trends
On average, homes in Old Farm Lakes, Bloomington sell after 85 days on the market compared to the national average of 70 days. The median sale price for homes in Old Farm Lakes, Bloomington over the last 12 months is $432,150, up 29% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$457,150
Median Sale Price
$432,150
Median Single Family Sale Price
$432,150
Median Change From 1st List Price
5%
Last 12 months Home Sales
12
Median Home Sale Price YoY Change
29%
Average Price Per Sq Ft
$191
Neighborhood Facts
Number of Homes in Neighborhood
244
Number of Homes for Sale
1
Median Year Built
1999
Months of Supply
1.00
Average Single Family Home Size Sq Ft
2,089
Above the national average
1,924
Average Townhouse Size Sq Ft
2,421
Median Lot Size Sq Ft
9,147
Distribution of Home Values
Source: Public Records
Interested in learning more about homes in this area?
Reach out to
Sean Caldwell,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
1,099
Median Age
43
Population Density
8 ppl/acre
Population under 18
24.1%
On par with the national average
23.8%
Population over 65
19.7%
On par with the national average
19.1%
Finances
Median Household Income
$131,469
Significantly above the national average
$71,702
Average Household Income
$140,882
Education and Workforce
High School Graduates
100%
College Graduates
65.3%
Significantly above the national average
34.1%
Advanced Degrees
21.9%
% Population in Labor Force
79%
Above the national average
65.1%
Weather
Annual Precipitation
38''
Average Winter Low Temperature
16°F
Average Summer High Temperature
86°F
Annual Snowfall
8''
Area Factors
Somewhat Bikeable
Bike Score®
38/ 100
Car-Dependent
Walk Score®
0/ 100
Minimal Transit
Transit Score®
0/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
