NOT LISTED FOR SALE

511 E Olive St Bloomington, IL 61701

Near East Neighborhood

Estimated Value: $137,000 - $162,000

4 Beds
2 Baths
-- Sq Ft
7,231 Sq Ft Lot

Sale Details

Date Sold: June 29, 2016

Last sale price $45,000

Est. 235% increase in value since last sale

Current estimated payment $962 / mo

2859 Days on Market

About This Home

As of June 2016

Investment opportunity in 2 units. Currently rented. Property sold as is. All expenses are estimated.

Last Agent to Sell the Property

John Albee

BHHS Central Illinois, REALTORS License #475071164 Listed on: 08/01/2008

BHHS Central Illinois, REALTORS

Co-Listed By

Edie Lane

BHHS Central Illinois, REALTORS

Last Buyer's Agent

Mark Kudrys

Freedom Realty License #475153087

Range of Values:

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

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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

  • $2,328

Year Built

  • Built in 1977

Lot Details

  • 7,231

Home Design

  • Wood Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 3 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

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 60x120

Community Details

Overview

  • 2 Units
  • Dimmitts Grove Subdivision

Building Details

  • Maintenance Expense $1,100
  • Gross Income $12,000
  • Net Operating Income $5,247

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,328

Year Built

Built in 1977

Lot Details

7,231 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: Dimmitts Grove
  • Year Built: 1977
  • Age: 31-40 Years
  • Legal Description: OWNER'S SUBN BLOCK A EVANS 3RD ADD LOT 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Exterior Building Type: Wood Siding

Garage/Parking

  • ParkingTotal: 3
  • 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: N

Fee Information

  • Other Expenses $: 6753

Schools

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

Lot Info

  • Lot Dimensions: 60X120

Rental Info

  • Board Number: 23

Multi Family

  • Net Operating Income: 5247
  • GrossIncome: 12000
  • Maintenance Expense: 1100
  • Units in Building: 2
  • Type-Multi: 2 Story Unit/s,Other

Tax Info

  • Tax Annual Amount: 2328
  • Tax Year: 15

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

Closed on
Dec 30, 2024
Sold by
Bought by
Current Estimated Value
$150,810

Purchase Details

Closed on
May 6, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,800
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2008
Closed on
Jun 22, 2016
Sold by
Bought by
Seller's Agent
John Albee
BHHS Central Illinois, REALTORS
Buyer's Agent
Mark Kudrys
Freedom Realty
List Price
$130,000
Sold Price
$45,000
Premium/Discount to List
-$85,000
-65.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.72%

Purchase Details

Closed on
Jun 19, 2013
Sold by
Bought by
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

  • JJ Devore Real Estate Agent - Century 21 Quest

    JJ Devore

    Century 21 Quest

    (217) 672-4667

    294 Total Sales

    1 in Near East

    $136,500 Price

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

    Tracy Lockenour

    Responds Quickly

    HomeSmart Realty Group Illinois

    (309) 886-0903

    199 Total Sales

    4 in Near East

    $40K - $190K Price Range

    Tracy Lockenour
     Section Image
  • Karen Wilson Real Estate Agent - Coldwell Banker Real Estate Group

    Karen Wilson

    Coldwell Banker Real Estate Group

    (309) 485-5516

    215 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

    176 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

    290 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

    87 Total Sales

    3 in Near East

    $85K - $185K Price Range

    Monica Washington
     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
-- None Listed On Document
-- None Listed On Document
-- Attorney
-- --
-- --
-- None Available
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
Previous Owner $98,560
Previous Owner $36,800
Previous Owner $36,800
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
06/29/2016 06/29/16 Sold $45,000 -65.4% --
05/30/2016 05/30/16 Pending -- -- --
08/01/2008 08/01/08 For Sale $130,000 -- --
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 $1,597 $21,452 $7,645 $13,807
2024 $1,597 $19,698 $7,020 $12,678
2022 $1,448 $17,041 $6,073 $10,968
2021 $1,326 $15,600 $5,560 $10,040
2020 $1,271 $15,000 $5,346 $9,654
2019 $1,268 $15,000 $5,346 $9,654
2018 $1,262 $15,000 $5,346 $9,654
2017 $1,263 $15,000 $5,346 $9,654
2016 $1,261 $15,000 $5,346 $9,654
2015 $2,351 $28,049 $5,346 $22,703
2014 $2,276 $28,049 $5,346 $22,703
2013 -- $28,049 $5,346 $22,703
Source: Public Records

Agents Affiliated with this Home

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

    Seller's Agent in 2016

    John Albee

    BHHS Central Illinois, REALTORS

    (309) 664-1880

    1 in this area

    52 Total Sales

    John Albee
    Section Image

  • E

    Seller Co-Listing Agent in 2016

    Edie Lane

    BHHS Central Illinois, REALTORS

    Section Image

  • M

    Buyer's Agent in 2016

    Mark Kudrys

    Freedom Realty

    (309) 531-4799

    5 in this area

    19 Total Sales

    Mark Kudrys
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10195184

Midwest Real Estate Data (MRED)

APN: 21-04-457-006

Illinois Mclean County Bloomington 61701 Near East

511 E Olive 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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