NOT LISTED FOR SALE

312 Mecherle Dr Bloomington, IL 61701

Fairway Knolls Neighborhood

Estimated Value: $453,326

1 Bed
-- Baths
5,936 Sq Ft
$76/Sq Ft Est. Value

Sale Details

Date Sold: November 8, 2013

Last sale price $262,650 $44 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,103 / mo

54 Days on Market

About This Home

As of November 2013

Maintenance was unusually high. 3 units remodeled. New stairs. Really nice units with great rental history. Owned and managed by the Brooks family. Units will be in excellent condition. Rent roll in office. 24 hour notice. Electric equals vacant apartment, outside lights, and laundry.

Last Agent to Sell the Property

John Albee

BHHS Central Illinois, REALTORS License #475071164 Listed on: 07/16/2013

BHHS Central Illinois, REALTORS

Last Buyer's Agent

John Albee

BHHS Central Illinois, REALTORS License #475071164 Listed on: 07/16/2013

BHHS Central Illinois, REALTORS

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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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,774

Year Built

  • Built in 1966

Lot Details

  • 12,048 Sq Ft Lot
  • Lot Dimensions are 79.97 x 141.73 x 90.50 x 1

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,936 Sq Ft Home
  • 2-Story Property
  • Laundry Room
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for gas, electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $3,048
  • Insurance Expense $1,854
  • Maintenance Expense $8,413
  • Manager Expense $2,415
  • Other Expense $1,285
  • Operating Expense $25,048
  • Gross Income $47,100
  • Net Operating Income $23,266

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,774

Year Built

Built in 1966

Lot Details

0.28 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1966
  • Legal Description: 6TH ADDN TO FAIRWAY KNOLLS ADDN LOT 278
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Unfinished
  • Misc Inside: Laundry Room

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Paved

Utilities

  • Cooling: Central Air
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Manager Expense: 2415
  • Conversion YN: N

Lot Info

  • Lot Dimensions: 79.97 X 141.73 X 90.50 X 1
  • Lot Size Sq Ft: 12048

Rental Info

  • Tenant Pays: Gas, Electricity
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 5936

Multi Family

  • Net Operating Income: 23266
  • Insurance Expense: 1854
  • ElectricExpense: 3048
  • GrossIncome: 47100
  • Maintenance Expense: 8413
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 25048
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 7774
  • Tax Year: 12

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
Jul 16, 2013
Closed on
Nov 1, 2013
Sold by
Brooks Dennis K and Brooks Sandra K
Bought by
Seller's Agent
John Albee
BHHS Central Illinois, REALTORS
Buyer's Agent
John Albee
BHHS Central Illinois, REALTORS
List Price
$331,400
Sold Price
$262,650
Premium/Discount to List
-$68,750
-20.75%
Current Estimated Value
$453,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,676
Avg. Annual Appreciation
4.35%
Original Mortgage
$770,440
Interest Rate
4.33%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Fairway Knolls, IL

  • Gordon Johnson Real Estate Agent - Johnson Real Estate

    Gordon Johnson

    Johnson Real Estate

    (217) 292-7498

    49 Total Sales

    1 in Fairway Knolls

    $197,500 Price

    Gordon Johnson
     Section Image
  • Lindsay Prewitt Real Estate Agent - eXp Realty

    Lindsay Prewitt

    eXp Realty

    (309) 490-8455

    217 Total Sales

    1 in Fairway Knolls

    $222,000 Price

    Lindsay Prewitt
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  • Kelly Reel Real Estate Agent - RE/MAX Rising

    Kelly Reel

    RE/MAX Rising

    (309) 328-8971

    21 Total Sales

    1 in Fairway Knolls

    $335,000 Price

    Kelly Reel
     Section Image
  • Sue Tretter Real Estate Agent - RE/MAX Rising

    Sue Tretter

    RE/MAX Rising

    (309) 503-0263

    84 Total Sales

    1 in Fairway Knolls

    $287,000 Price

    Sue Tretter
     Section Image
  • JJ Devore Real Estate Agent - Century 21 Quest

    JJ Devore

    Century 21 Quest

    (217) 672-4667

    293 Total Sales

    2 in Fairway Knolls

    $160K - $212K Price Range

    JJ Devore
     Section Image
  • Tracy Lockenour Real Estate Agent - HomeSmart Realty Group Illinois

    Tracy Lockenour

    Responds Quickly

    HomeSmart Realty Group Illinois

    (309) 886-0903

    201 Total Sales

    1 in Fairway Knolls

    $235,000 Price

    Tracy Lockenour
     Section Image
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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
-- --
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 $925,000
Closed Mecherle R4k Llc-Series $700,000
Closed Mecherle R4k Llc-Series $345,000
Closed R4k Llc Series Mercherle $770,440
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
11/08/2013 11/08/13 Sold $262,650 -20.7% $44 / Sq Ft
09/08/2013 09/08/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $331,400 -- $56 / 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 $7,352 $95,511 $20,831 $74,680
2024 $7,352 $90,681 $19,778 $70,903
2022 $8,453 $99,460 $14,920 $84,540
2021 $8,001 $94,143 $14,122 $80,021
2020 $7,980 $94,143 $14,122 $80,021
2019 $7,956 $94,143 $14,122 $80,021
2018 $7,768 $92,297 $13,845 $78,452
2017 $7,770 $92,297 $13,845 $78,452
2016 $7,757 $92,297 $13,845 $78,452
2015 $8,192 $97,752 $14,663 $83,089
2014 $7,932 $97,752 $14,663 $83,089
2013 -- $97,752 $14,663 $83,089
Source: Public Records

Agents Affiliated with this Home

  • John Albee Real Estate Agent - BHHS Central Illinois, REALTORS

    Seller's Agent in 2013

    John Albee

    BHHS Central Illinois, REALTORS

    (309) 664-1880

    53 Total Sales

    John Albee
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10209708

Midwest Real Estate Data (MRED)

APN: 14-35-355-004

Illinois Mclean County Bloomington 61701 Fairway Knolls

312 Mecherle Dr, 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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