NOT LISTED FOR SALE

Estimated Value: $207,000 - $252,000

4 Beds
4 Baths
-- Sq Ft
6,360 Sq Ft Lot

Last Sold July 31, 2024

Last sale price $225,000

Est. 1% increase in value since last sale

Current estimated payment $1,376/month

80 Days on Market

About This Home

As of July 2024

Three-unit building located fairly close to downtown Bloomington. Great opportunity to live in one unit and rent out the remaining two units. Units consist of a 3 bedroom/2 bathroom unit, a 1 bedroom unit, and a studio apartment. Paved parking at the rear of the building and all units have a door leading to the parking area. The property is fully occupied. Photos provided were taken before tenants were in place. Tenants pay all utilities. Larger unit has central air. New HVACs and water heaters and new roof all in 2022. Property is being sold as-is where-is. All information is believed to be accurate but not guaranteed. Check out 502 E Locust and 707 W Jefferson as well!

Last Agent to Sell the Property

Marti Ryan

Vesta Real Estate LLC License #471020484 Listed on: 04/17/2024

Last Buyer's Agent

Sara Quah

HomeSmart Realty Group Illinois License #475210353

HomeSmart Realty Group Illinois

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,202

Year Built

  • Built in 1920 | Remodeled in 2022

Lot Details

  • 6,360

Home Design

  • Traditional Architecture
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Off Alley Parking

Schools

  • Sheridan Elementary School
  • Bloomington Jr High Middle School
  • Bloomington High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 55 x 115
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,202

Year Built

Built in 1920 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • OpenParkingSpaces: 4
  • Parking Features: Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Schools

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

Lot Info

  • Lot Dimensions: 55 X 115
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 23

Tax Info

  • Tax Annual Amount: 2201.64
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat,2 Story Unit/s,Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
Aug 6, 2024
Sold by
Saeed Property Llc
Bought by
Palmer Taci
Seller's Agent
Marti Ryan
Vesta Real Estate LLC
Buyer's Agent
Sara Quah
HomeSmart Realty Group Illinois
List Price
$285,000
Sold Price
$225,000
Premium/Discount to List
-$60,000
-21.05%
Views
47
Current Estimated Value
$228,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,102
Avg. Annual Appreciation
1.31%
Original Mortgage
$202,500
Outstanding Balance
$200,423
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$28,696

Purchase Details

Closed on
Feb 6, 2023
Sold by
Saadat Saeed
Bought by
Saeed Property Llc

Purchase Details

Listed on
Dec 15, 2021
Closed on
May 20, 2022
Sold by
Pelhank Wayne A
Bought by
Saadat Saeed
Seller's Agent
Ed Larsen
Coldwell Banker Real Estate Group
Buyer's Agent
Marti Ryan
Vesta Real Estate LLC
List Price
$53,000
Sold Price
$43,000
Premium/Discount to List
-$10,000
-18.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.37%

Purchase Details

Closed on
May 1, 2010
Sold by
Duran Ownership Group Llc
Bought by
Pelhank Wayne
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
Palmer Taci $225,000 Mclean County Title
Saeed Property Llc -- --
Saadat Saeed -- Mclean County Title
Pelhank Wayne -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmer Taci $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2024 07/31/24 Sold $225,000 -2.1% --
07/07/2024 07/07/24 Pending -- -- --
07/01/2024 07/01/24 Price Changed $229,900 -6.2% --
06/24/2024 06/24/24 Price Changed $245,000 -3.9% --
06/15/2024 06/15/24 Price Changed $255,000 -5.6% --
05/16/2024 05/16/24 Price Changed $270,000 -1.8% --
04/30/2024 04/30/24 Price Changed $275,000 -3.5% --
04/17/2024 04/17/24 For Sale $285,000 +562.8% --
05/20/2022 05/20/22 Sold $43,000 -18.9% -- View Prior Sale
02/18/2022 02/18/22 Pending -- -- --
12/15/2021 12/15/21 For Sale $53,000 -- --
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 $2,202 $29,945 $9,785 $20,160
2022 $2,202 $25,905 $8,465 $17,440
2021 $2,015 $23,714 $7,749 $15,965
2020 $1,933 $22,802 $7,451 $15,351
2019 $1,927 $22,802 $7,451 $15,351
2018 $1,919 $22,802 $7,451 $15,351
2017 $1,920 $22,802 $7,451 $15,351
2016 $1,916 $22,802 $7,451 $15,351
2015 $1,911 $22,802 $7,451 $15,351
2014 $1,850 $22,802 $7,451 $15,351
2013 -- $22,355 $7,305 $15,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12030812

Midwest Real Estate Data (MRED)

APN: 21-04-456-004