NOT LISTED FOR SALE

1602 W Olive St Bloomington, IL 61701

Estimated Value: $138,178 - $163,000

3 Beds
2 Baths
2,336 Sq Ft
$65/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $19,000 $8 Per Sq Ft

Est. 703% increase in value since last sale

Current estimated payment $957/month

55 Days on Market

Highlights

  • Traditional Architecture
  • Detached Garage
  • Property is near bus stop

About This Home

As of July 2020

Calling all flippers, and re-habbers!! Large 7 room house, 3 bedroom and 2 bathrooms. Full basement and walk up attic as well. Covered front porch and open side and rear porches. 2 car detached garage in rear. This house needs a great deal of work, which is why the price is so low. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition. The lock box has been removed, due to the poor condition of the property. There are to be no showings or access allowed.

Last Agent to Sell the Property

Joyce Cleary

Mid Illinois Realty License #475148072 Listed on: 04/22/2020

Last Buyer's Agent

Amy Miller

CORE 3 Residential Real Estate LLC License #475187484

Home Details

Home Type

  • Single Family

Year Built

  • 1925

Lot Details

  • 8,276

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Traditional Architecture
  • Asbestos Siding

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near bus stop

Home Details

Home Type

Single Family

Year Built

1925

Lot Details

8,276 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Interstate Access
  • Age: 91-100 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1.1
  • Style Of House: Traditional
  • Type Detached: 2 Stories
  • Estimated Year Built: 1925
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1925

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 14X12, On Level: Main Level, Flooring: Hardwood
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 8X8, On Level: Basement
  • Dining Room: Dimensions: 12X16, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 10X12, On Level: Main Level, Flooring: Vinyl
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 14X16, On Level: 2nd Level
  • Bedroom 2: Dimensions: 12X10, On Level: 2nd Level
  • Bedroom 3: Dimensions: 14X12, On Level: 2nd Level
  • Estimated Sq Ft: 2336
  • Family Room: Dimensions: 14X14, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Asbestos Siding
  • Acreage: 0.198

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Special Assessments: U
  • Assessed Sq Ft: 2336

Schools

  • Junior High Dist: 87

Lot Info

  • Lot Dimensions: 69X113
  • Parcel Identification Number: 2105352008
  • BNAR Zoning: R1A
  • Zero Lot Line: No

Tax Info

  • Taxes: 2071.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2020
Closed on
Jul 17, 2020
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Mejia Marvin
Seller's Agent
Joyce Cleary
Mid Illinois Realty
Buyer's Agent
Amy Miller
CORE 3 Residential Real Estate LLC
List Price
$25,900
Sold Price
$19,000
Premium/Discount to List
-$6,900
-26.64%
Current Estimated Value
$152,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,545
Avg. Annual Appreciation
45.25%
Original Mortgage
$110,000
Outstanding Balance
$76,661
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$75,884

Purchase Details

Closed on
Feb 27, 2006
Sold by
Siefert Norman Hj and Siefert Delores A
Bought by
City Of Bloomington
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Mejia Marvin $19,000 Attorney
City Of Bloomington -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mejia Marvin $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $19,000 -17.0% $8 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $22,900 -11.6% $10 / Sq Ft
04/22/2020 04/22/20 For Sale $25,900 -- $11 / 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
2024 $2,091 $37,844 $8,677 $29,167
2022 $2,091 $30,608 $7,019 $23,589
2021 $1,955 $29,000 $6,650 $22,350
2020 $3,163 $37,315 $6,545 $30,770
2019 $3,100 $36,681 $6,434 $30,247
2018 $2,072 $35,613 $6,247 $29,366
2017 $2,072 $35,613 $6,247 $29,366
2016 $2,069 $35,613 $6,247 $29,366
2015 $2,023 $35,142 $6,164 $28,978
2014 $1,959 $35,142 $6,164 $28,978
2013 -- $35,142 $6,164 $28,978
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10695804

Midwest Real Estate Data (MRED)

APN: 21-05-352-008

Your Personal Tour Guide

Ask me questions while you tour the home.