NOT LISTED FOR SALE

617 E Locust St Bloomington, IL 61701

Estimated Value: $166,000 - $194,000

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

Last Sold December 30, 2021

Last sale price $140,000

Est. 29% increase in value since last sale

Current estimated payment $1,200/month

26 Days on Market

Highlights

  • 2 Car Detached Garage
  • Ceiling Fan
  • 5-minute walk to Atwood Wayside Park
  • Forced Air Heating System

About This Home

As of December 2021

Attention all INVESTORS!! 2 unit investment property near downtown Bloomington, ISU & Wesleyan colleges. Upper unit has original gorgeous hardwood flooring throughout that was refinished in 2018, Newly professionally painted unit in gray color throughout unit 2018, 3 bedrooms, 1 spacious bathroom, large updated kitchen with laundry room off kitchen. Kitchen has newer stainless steel refrigerator 2018. Lower unit has original gorgeous hardwood flooring, 2 spacious bedrooms and 1 bathroom. Eat-in kitchen and large open living room with original decorative vintage fireplace. There are 2 individual garages that can be rented for additional $50 each monthly. Additional updates to this duplex: Roof 2016, HVAC both units 2014, driveway concrete 2014, 12 new windows 2013. Tenants pay gas, electric. Only Water and trash paid by owner. Was mitigated for radon when purchased in 2018. New white rock added to back to extend parking 2020. Both units are filled and extremely easy to rent these days in this market. Great tenants that were screened with credit and background checks prior to leasing. Very well maintained property with great cash flow in an ideal location.

Last Agent to Sell the Property

Lisa Cunningham

RE/MAX Rising License #475183215 Listed on: 10/25/2021

RE/MAX Rising

Last Buyer's Agent

Marti Ryan

Vesta Real Estate LLC License #471020484

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,379

Year Built

  • Built in 1918

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x130

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking
  • Parking Space is Owned
  • Unassigned Parking

Home Design

  • Steel Siding
  • Radon Mitigation System

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Washington Elementary School
  • Bloomington Jr High Middle School
  • Bloomington High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Maintenance Expense $657
  • Trash Expense $740
  • Water Sewer Expense $1,298

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,379

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1918
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: Ceiling Fan(s), Radon Mitigation System
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Fireplace-Wood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Hardwood Floors

Exterior Features

  • List Price: 140000
  • Waterfront: No
  • Exterior Building Type: Steel Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Unassigned, Off Street
  • ParkingTotal: 6
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Conversion YN: Y

Fee Information

  • Trash Expense: 740
  • Water Sewer Expenses: 1298

Schools

  • Elementary School: Washington Elementary
  • High School: Bloomington High School
  • Middle/Junior School: Bloomington Jr High School
  • Middle/Junior School District: 87

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 50X130
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Multi Family

  • Maintenance Expense: 657
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s,Converted Residence

Tax Info

  • Tax Annual Amount: 2378.74
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Dec 20, 2021
Sold by
Janver Inspired Llc
Bought by
Haight Payton and Haight Kristyn
Seller's Agent
Lisa Cunningham
RE/MAX Rising
Buyer's Agent
Marti Ryan
Vesta Real Estate LLC
Sold Price
$140,000
Current Estimated Value
$180,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,874
Avg. Annual Appreciation
6.92%
Original Mortgage
$105,000
Outstanding Balance
$97,492
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$83,382

Purchase Details

Listed on
Jul 22, 2018
Closed on
Oct 31, 2018
Sold by
Luban Daniel J and Luban Leann J
Bought by
Janver Inspired Llc
Seller's Agent
Mark Kudrys
Freedom Realty
Buyer's Agent
Melissa Sorensen
RE/MAX Rising
List Price
$114,000
Sold Price
$104,000
Premium/Discount to List
-$10,000
-8.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$83,200
Interest Rate
4.8%

Purchase Details

Listed on
Jan 26, 2012
Closed on
Jun 28, 2013
Sold by
Brant Sara J and Corteville Sara J
Bought by
Luban Daniel and Luban Leann
Seller's Agent
Lea Ann Waugh
Keller Williams Revolution
Buyer's Agent
Mark Kudrys
Freedom Realty
List Price
$93,000
Sold Price
$59,000
Premium/Discount to List
-$34,000
-36.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$44,200
Interest Rate
3.62%

Purchase Details

Closed on
Aug 19, 2005
Sold by
Perry David and Perry Margaret T
Bought by
Brant Sara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,147
Interest Rate
5.8%
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
Haight Payton $140,000 Alliance Land Title
Janver Inspired Llc $104,000 America Land Title
Luban Daniel $59,000 Alliance Land Title
Brant Sara J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haight Payton $105,000
Previous Owner Janver Inspired Llc $83,200
Previous Owner Luban Daniel $44,200
Previous Owner Brant Sara J $84,147
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2021 12/30/21 Sold $140,000 0.0% --
11/21/2021 11/21/21 Pending -- -- --
11/18/2021 11/18/21 For Sale -- -- --
11/06/2021 11/06/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $140,000 +34.6% --
11/30/2018 11/30/18 Sold $104,000 -8.8% -- View Prior Sale
10/16/2018 10/16/18 Pending -- -- --
07/22/2018 07/22/18 For Sale $114,000 +93.2% --
06/28/2013 06/28/13 Sold $59,000 -36.6% -- View Prior Sale
04/18/2013 04/18/13 Pending -- -- --
01/26/2012 01/26/12 For Sale $93,000 -- --
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 $2,988 $36,853 $6,682 $30,171
2022 $2,710 $31,883 $5,781 $26,102
2021 $2,480 $29,187 $5,292 $23,895
2020 $2,379 $28,064 $5,088 $22,976
2019 $2,372 $28,064 $5,088 $22,976
2018 $1,655 $19,667 $5,088 $14,579
2017 $1,656 $19,667 $5,088 $14,579
2016 $1,653 $19,667 $5,088 $14,579
2015 $1,648 $19,667 $5,088 $14,579
2014 $1,596 $19,667 $5,088 $14,579
2013 -- $19,667 $5,088 $14,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11254905

Midwest Real Estate Data (MRED)

APN: 21-04-277-008