NOT LISTED FOR SALE

1215 Orchard Rd Bloomington, IL 61704

Lakewood-Hillcrest Neighborhood

Estimated Value: $205,000 - $216,000

2 Beds
-- Bath
25,740 Sq Ft
$8/Sq Ft Est. Value

Sale Details

Date Sold: June 11, 2014

Last sale price $710,500 $28 Per Sq Ft

Current estimated payment $1,369 / mo

156 Days on Market

About This Home

As of June 2014

Also Tax IDs: 003-004-005-006-007-008-009-010. Call for full pkg. Nine 4-unit buildings. Sold only as a package. Good location. See full pkg for lease expiration dates, complete I&E info.

Last Agent to Sell the Property

Greg Yount

AXIS 360 LLC* License #475142130 Listed on: 12/23/2013

Last Buyer's Agent

BNAR Conversion Agent

BNAR Conversion Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,137

Year Built

  • Built in 1967

Lot Details

  • Lot Dimensions are 543x120

Home Design

  • Slab Foundation

Interior Spaces

  • 25,740 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 36 Units

Building Details

  • Electric Expense $4,969
  • Fuel Expense $9,207
  • Insurance Expense $15,000
  • Manager Expense $10,146
  • Other Expense $49,031
  • Water Sewer Expense $13,708
  • Operating Expense $131,198
  • Gross Income $213,600
  • Net Operating Income $71,722

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,137

Year Built

Built in 1967

Lot Details

7,187 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1967
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Slab,None

Exterior Features

  • Exterior Building Type: Vinyl Siding,Wood Siding

Garage/Parking

  • Outdoor Parking: 31-50 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Hot Water,Gas

Condo/Co-op/Association

  • Manager Expense: 10146
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 13708

Lot Info

  • Lot Dimensions: 543X120

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 25740

Multi Family

  • Net Operating Income: 71722
  • Fuel Expense: 9207
  • Insurance Expense: 15000
  • ElectricExpense: 4969
  • GrossIncome: 213600
  • NumberOfUnitsTotal: 36
  • OperatingExpense: 131198
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 29137
  • Tax Year: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2013
Closed on
Jun 5, 2014
Sold by
Chicago Title Land Trust Co
Bought by
Mjm Partnership Llc
Seller's Agent
Greg Yount
AXIS 360 LLC*
Buyer's Agent
BNAR Conversion Agent
BNAR Conversion Office
List Price
$900,000
Sold Price
$710,500
Premium/Discount to List
-$189,500
-21.06%
Current Estimated Value
$210,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$500,000
Avg. Annual Appreciation
-9.80%
Original Mortgage
$710,500
Outstanding Balance
$540,015
Interest Rate
4.18%
Estimated Equity
-$329,515
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mjm Partnership Llc $638,500 Frontier Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mjm Partnership Llc $710,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2014 06/11/14 Sold $710,500 -21.1% $28 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
12/23/2013 12/23/13 For Sale $900,000 -- $35 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,945 $39,559 $14,346 $25,213
2024 $2,386 $36,324 $13,173 $23,151
2022 $2,386 $28,076 $10,182 $17,894
2021 $2,184 $25,702 $9,321 $16,381
2020 $2,179 $25,702 $9,321 $16,381
2019 $2,172 $25,702 $9,321 $16,381
2018 $2,060 $24,478 $8,877 $15,601
2017 $2,061 $24,478 $8,877 $15,601
2016 $2,057 $24,478 $8,877 $15,601
2015 $2,173 $25,925 $9,402 $16,523
2014 $2,104 $25,925 $9,402 $16,523
2013 -- $42,056 $9,402 $32,654
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Greg Yount

    AXIS 360 LLC*

    Section Image

  • B

    Buyer's Agent in 2014

    BNAR Conversion Agent

    BNAR Conversion Office

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10222397

Midwest Real Estate Data (MRED)

APN: 14-35-453-010

Illinois Mclean County Bloomington 61704 Lakewood-Hillcrest

1215 Orchard Rd, Bloomington, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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