NOT LISTED FOR SALE

2405 Rainbow Ave Bloomington, IL 61704

Lakewood-Hillcrest Neighborhood

Estimated Value: $159,000 - $180,417

2 Beds
1.5 Baths
989 Sq Ft
$175/Sq Ft Est. Value

Sale Details

Date Sold: August 12, 2021

Last sale price $127,000 $128 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,245 / mo

2 Days on Market

Highlights

  • Mature Trees
  • Ranch Style House
  • 1 Car Attached Garage
  • Property is near park
  • Fenced Yard
  • Walk-In Closet

About This Home

As of August 2021

Great ranch with a lovely backyard in a very convenient location! This one provides one level living with a main floor laundry room, bedrooms and baths. Shopping, elementary school, parks and employers are just a few blocks away and the neighborhood has a number of private common area parks as well. The fenced backyard includes a patio, a deck and a storage shed. Bedrooms have walk-in closets. Many improvements will make this a great home for the next owner. Thermal pane tilt windows have been installed. Some fresh paint and new flooring were just finished. Water heater was replaced in 2021. About 5 years ago new siding, roof and leaf guards on gutters were installed. Driveway was replaced about 3 years ago. Carrier furnace and AC were installed in 2008.

Last Agent to Sell the Property

Jill West

BHHS Central Illinois, REALTORS License #475129323 Listed on: 06/25/2021

BHHS Central Illinois, REALTORS

Last Buyer's Agent

Jean Steichen

BHHS Central Illinois, REALTORS License #475119448

BHHS Central Illinois, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,355

Year Built

  • Built in 1978

Lot Details

  • 6,621 Sq Ft Lot
  • Lot Dimensions are 55x125
  • Fenced Yard
  • Paved or Partially Paved Lot
  • Mature Trees

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 989 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Location

  • Property is near park

Schools

  • Stevenson Elementary School
  • Bloomington Jr High Middle School
  • Bloomington High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Association fees include insurance
  • Lakewood Subdivision

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,355

Year Built

Built in 1978

Lot Details

6,621 Sq Ft Lot

HOA Fees

$5 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Lakewood
  • Year Built: 1978
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Walk-In Closet(s)
  • LivingArea: 989
  • Other Equipment: TV-Cable, Ceiling Fan(s)
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 989
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 989

Exterior Features

  • DirectionFaces: North
  • Lot Features: Fenced Yard, Mature Trees
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 55
  • Association Fee Frequency: Annually
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: Insurance

Schools

  • Elementary School: Stevenson Elementary
  • High School: Bloomington High School
  • Middle/Junior School: Bloomington Jr High School

Lot Info

  • Lot Size Acres: 0.152
  • Lot Dimensions: 55X125
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2355.44
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 18, 2021
Sold by
Bought by
Seller's Agent
Jill West
BHHS Central Illinois, REALTORS
Buyer's Agent
Jean Steichen
BHHS Central Illinois, REALTORS
List Price
$115,000
Sold Price
$127,000
Premium/Discount to List
$12,000
10.43%
Current Estimated Value
$173,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,354
Avg. Annual Appreciation
6.61%
Original Mortgage
$95,250
Outstanding Balance
$84,783
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$88,571
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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$127,000 Mclean County Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $95,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/12/2021 08/12/21 Sold $127,000 +10.4% $128 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $115,000 -- $116 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,638 $55,300 $13,183 $42,117
2024 $3,003 $50,864 $12,126 $38,738
2022 $3,003 $41,338 $9,855 $31,483
2021 $2,362 $38,789 $9,247 $29,542
2020 $2,355 $38,789 $9,247 $29,542
2019 $2,349 $38,789 $9,247 $29,542
2018 $2,275 $38,029 $9,066 $28,963
2017 $2,276 $38,029 $9,066 $28,963
2016 $2,272 $38,029 $9,066 $28,963
2015 $2,304 $38,487 $9,175 $29,312
2014 $2,230 $38,487 $9,175 $29,312
2013 -- $38,487 $9,175 $29,312
Source: Public Records

Agents Affiliated with this Home

  • Jill West

    Seller's Agent in 2021

    Jill West

    BHHS Central Illinois, REALTORS

    (309) 838-8285

    10 in this area

    230 Total Sales

    Jill West
    Section Image

  • J

    Buyer's Agent in 2021

    Jean Steichen

    BHHS Central Illinois, REALTORS

    (309) 824-1461

    1 in this area

    29 Total Sales

    Jean Steichen
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11135594

Midwest Real Estate Data (MRED)

APN: 14-36-151-012

Illinois Mclean County Bloomington 61704 Lakewood-Hillcrest

2405 Rainbow Ave, Bloomington, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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