NOT LISTED FOR SALE

408 E Monroe St Bloomington, IL 61701

Near East Neighborhood

Estimated Value: $264,000 - $303,288

4 Beds
4 Baths
7,296 Sq Ft
$39/Sq Ft Est. Value

Last Sold February 10, 2016

Last sale price $175,000 $24 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,958/month

123 Days on Market

Highlights

  • 2 Fireplaces
  • Hot Water Heating System
  • 4-minute walk to Bloomington Parks & Recreation
  • Laundry Room
  • Wood Siding

About This Home

As of February 2016

This house has huge income potential! Zoned mixed residential- so the possibilities are endless in this 5-story home. Could be used as a single family home or multi-family. Floors 2 and 3 have their own separate entrances as well as shared kitchen and full bath. Newer carpet throughout 2nd floor. Original hardwood flooring on main, which adds a beautiful touch to this Victorian home. Updates include: newer 200amp service, breaker panels, PVC and copper plumbing throughout house, newer vinyl double-pane windows; chimneys have been tuck-pointed, coaxial cable and CAT 5 wire to all rooms, washer/dryer hook ups on 2nd floor, remodeled lower level, newer water heater and newer roof. Home has 2 drive-ways, one on each side. All of the updates have been done for you - all you need to do is move into this 7,296 sq. ft. home!

Last Agent to Sell the Property

J.P. Finley

RE/MAX Choice License #471001963 Listed on: 10/08/2015

RE/MAX Choice

Last Buyer's Agent

J.P. Finley

RE/MAX Choice License #471001963 Listed on: 10/08/2015

RE/MAX Choice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,561

Lot Details

  • 6,900 Sq Ft Lot
  • Lot Dimensions are 60 x 115

Home Design

  • Rooming House
  • Wood Siding

Interior Spaces

  • 7,296 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Laundry Room
  • Partially Finished Basement

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $350
  • Fuel Expense $200
  • Insurance Expense $2,400
  • Water Sewer Expense $35

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,561

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Rooming House/SRO
  • Stories: 3
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement Description: Other,Partially Finished
  • Misc Inside: Laundry Room,Inside Corridor/s
  • Room: 1
  • Room: 1

Exterior Features

  • List Price: 179900
  • Exterior Building Type: Wood Siding

Utilities

  • Cooling: Window Unit(s)
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Hot Water,Gas

Condo/Co-op/Association

  • Conversion YN: Y

Fee Information

  • Water Sewer Expenses: 35

Lot Info

  • Lot Dimensions: 60 X 115
  • Lot Size Sq Ft: 6900

Building Info

  • BuildingAreaTotal: 7296

Rental Info

  • Board Number: 23

Multi Family

  • Fuel Expense: 200
  • Insurance Expense: 2400
  • ElectricExpense: 350
  • NumberOfUnitsTotal: 7
  • Type Multi-Family: Rooming House/SRO

Tax Info

  • Tax Annual Amount: 3561
  • Tax Year: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2015
Closed on
Jan 21, 2016
Sold by
Colburn Andrew and Colburn Candace
Bought by
Perinchery Gigo Paul and Perinchery Anitha Mary
Seller's Agent
J.P. Finley
RE/MAX Choice
Buyer's Agent
J.P. Finley
RE/MAX Choice
List Price
$199,900
Sold Price
$175,000
Premium/Discount to List
-$24,900
-12.46%
Current Estimated Value
$285,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,822
Avg. Annual Appreciation
5.18%
Original Mortgage
$116,822
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2007
Sold by
Ac Colburn Llc
Bought by
Colburn Candace

Purchase Details

Closed on
Aug 4, 2005
Sold by
Sigler Leonard E and Sigler Clavudia D
Bought by
Ac Colburn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
5.66%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Perinchery Gigo Paul $175,000 Mclean County Title
Colburn Candace -- None Available
Ac Colburn Llc $185,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Perinchery Gigo Paul $116,822
Previous Owner Ac Colburn Llc $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2016 02/10/16 Sold $175,000 -12.5% $24 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
10/08/2015 10/08/15 For Sale $199,900 -- $27 / 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 $5,542 $86,820 $10,869 $75,951
2022 $5,542 $71,208 $8,915 $62,293
2021 $5,224 $67,467 $8,447 $59,020
2020 $3,729 $66,667 $8,347 $58,320
2019 $3,718 $66,667 $8,347 $58,320
2018 $3,703 $66,667 $8,347 $58,320
2017 $3,704 $66,667 $8,347 $58,320
2016 $3,788 $51,070 $5,130 $45,940
2015 $3,679 $49,897 $5,012 $44,885
2014 $3,562 $49,897 $5,012 $44,885
2013 -- $49,897 $5,012 $44,885
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    J.P. Finley

    RE/MAX

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10195317

Midwest Real Estate Data (MRED)

APN: 21-04-263-017

Illinois Mclean County Bloomington 61701 Near East

408 E Monroe St, Bloomington, IL

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