502 E Locust St Bloomington, IL 61701
3
Beds
3
Baths
--
Sq Ft
1912
Built
Highlights
- Traditional Architecture
- Forced Air Heating System
- 4-minute walk to Franklin Park
About This Home
As of June 2025***SELLER WILL CONTRIBUTE $2,000 TOWARDS BUYER'S CLOSING COSTS*** Centrally located 3-unit building. Two bedroom unit just updated with brand new kitchen, fresh paint and flooring as well and is vacant and ready to househack or put your own renter in! Property features a 2 bedroom, a 1 bedroom, and an efficiency apartment. Gas and electricity are separately metered for all units. Per the previous listing, there was a new water main in 2016 and a new roof in 2009. Separate meters for Gas & Electric. Each unit has its own furnace but one water heater for the building which is on a separate meter as well. There is potential to put a washer and dryer in the basement. The owner pays Water & Gas for the Water Heater ONLY. Property is being sold as-is where-is. All information is believed to be accurate but not guaranteed.
Last Agent to Sell the Property
Vesta Real Estate LLC License #471020484 Listed on: 12/06/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,506
Year Built
- Built in 1912
Home Design
- Traditional Architecture
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 3 Bathrooms
Schools
- Bent Elementary School
- Bloomington Jr High Middle School
- Bloomington High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Partial Basement
- Lot Dimensions are 82 x 255
Community Details
- 3 Units
- Franklin Park Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2024
Closed on
Jun 16, 2025
Sold by
Saadat Saeed
Bought by
Gaudin Kristopher and White Elizabeth S
Seller's Agent
Marti Ryan
Vesta Real Estate LLC
Buyer's Agent
Samantha Miller
Vesta Real Estate LLC
List Price
$225,000
Sold Price
$180,000
Premium/Discount to List
-$45,000
-20%
Total Days on Market
164
Views
166
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
139.29%
Original Mortgage
$135,000
Outstanding Balance
$135,000
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$64,868
Purchase Details
Listed on
Aug 30, 2020
Closed on
Jul 30, 2021
Sold by
Zinn Kevan and Zinn Christine
Bought by
Saadat Saeed
Seller's Agent
Matt Hansen
Coldwell Banker Real Estate Group
Buyer's Agent
Marti Ryan
Vesta Real Estate LLC
Sold Price
$125,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.18%
Original Mortgage
$122,735
Interest Rate
3.25%
Mortgage Type
New Conventional
Similar Homes in Bloomington, IL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $180,000 | Alliance Land Title | |
| Warranty Deed | $125,000 | Alliance Land Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $135,000 | New Conventional | |
| Previous Owner | $122,735 | New Conventional | |
| Previous Owner | $66,700 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $180,000 | -10.0% | -- |
| 05/19/2025 05/19/25 | Pending | -- | -- | -- |
| 05/06/2025 05/06/25 | Price Changed | $199,900 | -4.8% | -- |
| 04/17/2025 04/17/25 | Price Changed | $210,000 | -4.3% | -- |
| 01/17/2025 01/17/25 | Price Changed | $219,500 | -0.2% | -- |
| 01/03/2025 01/03/25 | Price Changed | $219,900 | -2.3% | -- |
| 12/06/2024 12/06/24 | For Sale | $225,000 | +80.0% | -- |
| 09/16/2021 09/16/21 | Sold | $125,000 | 0.0% | -- |
| 07/01/2021 07/01/21 | Pending | -- | -- | -- |
| 06/01/2021 06/01/21 | For Sale | -- | -- | -- |
| 05/31/2021 05/31/21 | Off Market | $125,000 | -- | -- |
| 04/28/2021 04/28/21 | Price Changed | $125,000 | -3.1% | -- |
| 02/01/2021 02/01/21 | For Sale | $129,000 | +3.2% | -- |
| 01/31/2021 01/31/21 | Off Market | $125,000 | -- | -- |
| 10/10/2020 10/10/20 | Price Changed | $129,000 | -4.4% | -- |
| 08/30/2020 08/30/20 | For Sale | $135,000 | +17.5% | -- |
| 09/30/2016 09/30/16 | Sold | $114,900 | -4.2% | -- |
| 08/19/2016 08/19/16 | Pending | -- | -- | -- |
| 07/27/2016 07/27/16 | For Sale | $119,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $3,133 | $49,552 | $10,853 | $38,699 |
| 2022 | $3,133 | $42,868 | $9,389 | $33,479 |
| 2021 | $3,335 | $39,243 | $8,595 | $30,648 |
| 2020 | $3,326 | $39,243 | $8,595 | $30,648 |
| 2019 | $3,316 | $39,243 | $8,595 | $30,648 |
| 2018 | $3,303 | $39,243 | $8,595 | $30,648 |
| 2017 | $3,304 | $39,243 | $8,595 | $30,648 |
| 2016 | $3,298 | $39,243 | $8,595 | $30,648 |
| 2015 | $3,289 | $39,243 | $8,595 | $30,648 |
| 2014 | $3,184 | $39,243 | $8,595 | $30,648 |
| 2013 | -- | $39,243 | $8,595 | $30,648 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2025
Marti Ryan
Vesta Real Estate LLC
-
S
Buyer's Agent in 2025
Samantha Miller
Vesta Real Estate LLC
-
M
Seller's Agent in 2021
Matt Hansen
Coldwell Banker Real Estate Group
-
B
Seller's Agent in 2016
Bruce Dillman
Keller Williams Revolution
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12222430
APN: 21-04-232-017
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