NOT LISTED FOR SALE

1910 Tracy Dr Bloomington, IL 61704

Estimated Value: $1,252,695

6 Beds
-- Bath
20,900 Sq Ft
$60/Sq Ft Est. Value

Last Sold July 16, 2024

Last sale price $1,200,000 $57 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,758/month

594 Days on Market

Highlights

  • 17 Fireplaces
  • Normal Community High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Listing includes 3 buildings. 19 units total. 1908 & 1910 Tracy Drive and 107 Oak Creek Plaza. All units have 2-car attached garages. All buildings had roofs replaced in 2015. Common Drive between 1908-1910 repaired in 2021

Last Agent to Sell the Property

Richard Newberry

Denbesten Real Estate License #471010454 Listed on: 09/23/2022

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,189

Year Built

  • Built in 1991

Lot Details

  • 1.13 Acre Lot
  • Lot Dimensions are 178x288x82x79x189x73x187

Parking

  • 38 Open Parking Spaces

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Wood Truss/Raft
  • Vinyl Siding

Interior Spaces

  • 20,900 Sq Ft Home
  • 2-Story Property
  • 17 Fireplaces
  • Crawl Space
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Gas
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer

Community Details

Overview

  • 19 Units

Building Details

  • Insurance Expense $3,615
  • Maintenance Expense $12,525
  • Other Expense $15,000
  • Trash Expense $7,327
  • Operating Expense $138,170
  • Gross Income $183,818
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,189

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Condo/Townhouse
  • Stories: 2
  • Year Built: 1991
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 17
  • Basement Description: Crawl
  • Fire Protection: Smoke or Fire Protectors
  • Drive-In Doors: 19
  • Dishwashers: 19
  • Refrigerators: 19
  • Ranges: 19

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Block
  • Exterior Building Type: Vinyl Siding
  • Roof Structure: Truss

Garage/Parking

  • OpenParkingSpaces: 38
  • Indoor Parking: 31-50 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Individual Furnaces

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 7327

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.13
  • Lot Dimensions: 178X288X82X79X189X73X187
  • Lot Size Sq Ft: 49223
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Board Number: 23
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 20900
  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 30000
  • Insurance Expense: 3615
  • GrossIncome: 183818
  • Maintenance Expense: 12525
  • NumberOfUnitsTotal: 19
  • OperatingExpense: 138170
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 36189
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Jul 16, 2024
Sold by
Modine James A and Modine Janice L
Bought by
Salvation Army
Seller's Agent
Richard Newberry
Denbesten Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$1,600,000
Sold Price
$1,200,000
Premium/Discount to List
-$400,000
-25%
Views
716
Current Estimated Value
$1,252,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,695
Avg. Annual Appreciation
2.83%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Salvation Army -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2024 07/16/24 Sold $1,200,000 -14.3% $57 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
09/30/2023 09/30/23 Price Changed $1,400,000 -6.7% $67 / Sq Ft
03/02/2023 03/02/23 Price Changed $1,500,000 -6.3% $72 / Sq Ft
09/23/2022 09/23/22 For Sale $1,600,000 -- $77 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $37,785 $566,860 $58,392 $508,468
2022 $37,785 $427,628 $44,050 $383,578
2021 $36,189 $404,771 $41,696 $363,075
2020 $36,236 $404,771 $41,696 $363,075
2019 $35,060 $404,771 $41,696 $363,075
2018 $34,338 $396,834 $40,878 $355,956
2017 $32,945 $396,834 $40,878 $355,956
2016 $32,854 $396,834 $40,878 $355,956
2015 $31,606 $381,715 $39,321 $342,394
2014 $31,256 $381,715 $39,321 $342,394
2013 -- $381,715 $39,321 $342,394
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11637055

Midwest Real Estate Data (MRED)

APN: 21-16-126-031