NOT LISTED FOR SALE

509 E Locust St Bloomington, IL 61701

Near East Neighborhood

Estimated Value: $128,000 - $155,000

3 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: October 19, 2017

Last sale price $80,000

Est. 86% increase in value since last sale

Current estimated payment $1,050 / mo

104 Days on Market

Highlights

  • Mature Trees
  • Forced Air Heating System
  • Ceiling Fan
  • Porch

About This Home

As of October 2017

Great investment property! Nicely updated with one unit up and one unit down! Both units currently under lease. Detached garage could be assigned to one of the units to get more rent. Over 30% cash flow on this one!! Only a few blocks from IWU.

Last Agent to Sell the Property

John Armstrong

RE/MAX Rising License #471018921 Listed on: 05/12/2017

Co-Listed By

Rick Smock

Keller Williams Revolution License #475170183

Last Buyer's Agent

Rick Smock

Keller Williams Revolution License #475170183

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,185

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 50x130
  • Mature Trees

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Ceiling Fan
  • Porch

Community Details

  • 2 Units
  • Net Operating Income $10,367

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,185

Year Built

Built in 1920

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: NOT APPLICABLE
  • Year Built: 1920
  • Age: 91-100 Years
  • Legal Description: FLAGGS 2ND ADD LOT 6 BLK 4
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Porch
  • Lot Features: Mature Trees
  • Exterior Building Type: Other

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: Y

Fee Information

  • Other Expenses $: 5233

Schools

  • Elementary School: SHERIDAN ELEMENTARY
  • High School: BLOOMINGTON HIGH SCHOOL
  • Middle/Junior School: BLOOMINGTON JR HIGH

Lot Info

  • Lot Dimensions: 50X130

Rental Info

  • Board Number: 23

Multi Family

  • Net Operating Income: 10367
  • Units in Building: 2
  • Type-Multi: 1 Story Unit/s,Converted Residence,Other

Tax Info

  • Tax Annual Amount: 2185
  • Tax Year: 16

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
May 12, 2017
Closed on
Oct 19, 2017
Sold by
Rawson Paul D
Bought by
Seller's Agent
John Armstrong
RE/MAX Rising
Buyer's Agent
Rick Smock
Keller Williams Revolution
List Price
$95,000
Sold Price
$80,000
Premium/Discount to List
-$15,000
-15.79%
Current Estimated Value
$149,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,099
Avg. Annual Appreciation
7.02%
Original Mortgage
$64,000
Interest Rate
4.75%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Near East, IL

  • Karen Wilson Real Estate Agent - Coldwell Banker Real Estate Group

    Karen Wilson

    Coldwell Banker Real Estate Group

    (309) 485-5516

    217 Total Sales

    7 in Near East

    $118K - $330K Price Range

    Karen Wilson
     Section Image
  • Greg Zavitz Real Estate Agent - Coldwell Banker Real Estate Group

    Greg Zavitz

    Responds Quickly

    Coldwell Banker Real Estate Group

    (309) 485-5869

    175 Total Sales

    7 in Near East

    $40K - $225K Price Range

    Greg Zavitz
     Section Image
  • Becky Gerig Real Estate Agent - RE/MAX Choice

    Becky Gerig

    Responds Quickly

    RE/MAX Choice

    (309) 503-0970

    293 Total Sales

    10 in Near East

    $19K - $300K Price Range

    Becky Gerig
     Section Image
  • Monica Washington Real Estate Agent - Coldwell Banker Real Estate Group

    Monica Washington

    Responds Quickly

    Coldwell Banker Real Estate Group

    (309) 485-5652

    89 Total Sales

    3 in Near East

    $85K - $185K Price Range

    Monica Washington
     Section Image
  • Jake Patterson Real Estate Agent - Realty Select One

    Jake Patterson

    Realty Select One

    (217) 858-3002

    136 Total Sales

    1 in Near East

    $55,000 Price

    Jake Patterson
     Section Image
  • Lindsay Prewitt Real Estate Agent - eXp Realty

    Lindsay Prewitt

    eXp Realty

    (309) 490-8455

    217 Total Sales

    7 in Near East

    $80K - $155K Price Range

    Lindsay Prewitt
     Section Image
See All Agents

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
$80,000 Frontier Title Co
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 $54,659
Closed Ilene Sideways Llc $64,000
Previous Owner Rawson Paul D $69,750
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
10/19/2017 10/19/17 Sold $80,000 -15.8% --
08/24/2017 08/24/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $95,000 -- --
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 $2,769 $37,198 $10,151 $27,047
2024 $2,511 $34,156 $9,321 $24,835
2022 $2,511 $29,548 $8,064 $21,484
2021 $2,299 $27,050 $7,382 $19,668
2020 $2,205 $26,010 $7,098 $18,912
2019 $2,198 $26,010 $7,098 $18,912
2018 $2,189 $26,010 $7,098 $18,912
2017 $2,190 $26,010 $7,098 $18,912
2016 $2,186 $26,010 $7,098 $18,912
2015 $2,421 $28,891 $7,098 $21,793
2014 $2,344 $28,891 $7,098 $21,793
2013 -- $28,891 $7,098 $21,793
Source: Public Records

Agents Affiliated with this Home

  • JA

    Seller's Agent in 2017

    John Armstrong

    RE/MAX

  • RS

    Seller Co-Listing Agent in 2017

    Rick Smock

    Keller Williams Revolution

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10195415

Midwest Real Estate Data (MRED)

APN: 21-04-276-011

Illinois Mclean County Bloomington 61701 Near East

509 E Locust St, 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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