NOT LISTED FOR SALE

7 Cherrywood Ln Bloomington, IL 61701

Estimated Value: $679,000 - $969,000

3 Beds
4.5 Baths
5,378 Sq Ft
$163/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $815,000 $152 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,264/month

93 Days on Market

Highlights

  • In Ground Pool
  • Fireplace in Primary Bedroom
  • Ranch Style House
  • Mature Trees
  • Vaulted Ceiling
  • 4-minute walk to Ewing Park lI

About This Home

As of May 2024

Welcome to 7 Cherrywood Lane! This exquisite, sprawling ranch in one of Bloomington's premier, hidden gem neighborhoods. Located on a quiet, dead end street with very little traffic, 7 Cherrywood offers an ultra private retreat on a serene, tree lined 1.14 acre lot. The main home provides tons of space to live and entertain with over 4600 square feet on the main floor and 4 car oversized garage . As you enter, your gaze is immediately drawn to the floor to ceiling windows and glass doors along the rear of the home with views overlooking the outdoor fireplace and infinity edge pool. Hardwood flooring flows throughout almost the entire home, providing an inviting, warm feel. In addition to the wall of floor to ceiling south facing glass, the open concept layout provides tons of natural light with the formal Living room, dining room and kitchen separated only by a gorgeous mid century stone fireplace. The beautifully updated gourmet kitchen offers premium appliances including WOLF Range, Fisher & Paykel Double DishDrawer, and Advantium Microwave! Located adjacent to the kitchen, the huge Great room provides a perfect space to curl up and watch a movie, or entertain dozens of your friends! With cathedral, beamed ceilings, a wall of sliders leading to the screened porch and out back on one side, and dual french doors flanking a beautiful stone fireplace on the other, it's the perfect spot to enjoy and access much of the homes amenities. On the other end of the home, the primary suite is in a wing all of its own. The oversized bedroom offers space for additional seating in front of the cozy fireplace! Bright windows and sliders leading out to the pool and offers great private views. Below the primary suite is a finished basement area with view out windows and offers a large flex room perfect for a bedroom, family room or home gym as well as a full bath. 2 additional bedrooms are located on the main level. 1 is currently being used as a home office and was created by joining 2 bedrooms (could be converted back to 2 bedrooms). The other bedroom acts as a secondary suite with attached full bath and sliders leading out to a private section of the yard. Once you head out to the back yard, you'll never want to leave! The space is anchored by the beautiful saltwater infinity edge pool that overlooks the gently rolling backyard. Multiple entertaining spaces across the aggregate and paver patio include an outdoor fireplace area and an outdoor kitchen area! Head towards the rear of the sprawling property to find the old stable that's been converted into the perfect getaway space! The possibilities are endless, use as an entertaining space for the owner, a home office away from the hustle and bustle of the main house, a home gym, etc! The stable includes a bathroom and has plumbing available for a kitchenette! The entire yard is fenced beyond the trees and irrigated! This property is a true hidden gem!

Last Agent to Sell the Property

Danell Moberly

RE/MAX Rising License #475142003 Listed on: 12/15/2023

RE/MAX Rising

Co-Listed By

Corey Leach

RE/MAX Rising License #475160068

Last Buyer's Agent

Cindy Eckols

RE/MAX Choice License #475130274

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,104

Year Built

  • Built in 1957

Lot Details

  • 1.15 Acre Lot
  • Lot Dimensions are 250x325x96x287
  • Fenced Yard
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Mature Trees

Parking

  • 4 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Brick or Stone Mason

Interior Spaces

  • 5,378 Sq Ft Home
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Sided Fireplace
  • Gas Log Fireplace
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Pull Down Stairs to Attic

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Sump Pump
  • Finished Basement Bathroom

Outdoor Features

  • In Ground Pool
  • Brick Porch or Patio
  • Outdoor Kitchen
  • Outdoor Grill

Schools

  • Bent Elementary School
  • Bloomington Jr High Middle School
  • Bloomington High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,104

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Not Applicable
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Partial
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 380
  • Fireplace Features: Double Sided, Gas Log, More than one
  • Fireplaces: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Beamed Ceilings
  • LivingArea: 5378
  • Other Equipment: Ceiling Fan(s), Sump Pump, Sprinkler-Lawn
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 5066
  • Basement Description: Partially Finished
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 4686
  • Basement Sq Ft: 692
  • Fireplace Location: Family Room,Living Room,Master Bedroom
  • Total Sq Ft: 5378
  • Unfinished Basement Sq Ft: 312
  • Attic: Pull Down Stair
  • Main Level Sq Ft: 4686
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Patio, Screened Patio, Brick Paver Patio, In Ground Pool, Outdoor Grill
  • List Price: 849900
  • Lot Features: Fenced Yard, Mature Trees
  • OtherStructures: Outdoor Kitchen, See Remarks
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.15
  • Lot Dimensions: 250X325X96X287
  • Rural (Y/N): N
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: U
  • Zero Lot Line: No

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 19103.92
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2023
Closed on
Apr 26, 2024
Sold by
Cummins Glen and Cummins Glenn
Bought by
Gausselin William and Gausselin Michaele Tamara
Seller's Agent
Danell Moberly
RE/MAX Rising
Buyer's Agent
Cindy Eckols
RE/MAX Choice
List Price
$865,000
Sold Price
$815,000
Premium/Discount to List
-$50,000
-5.78%
Views
447
Current Estimated Value
$876,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,954
Avg. Annual Appreciation
5.62%

Purchase Details

Closed on
May 21, 2019
Sold by
Cummins Glenn and Faaborg Rana
Bought by
Cummins Glenn and Faaborg Rana

Purchase Details

Listed on
Mar 21, 2012
Closed on
May 10, 2012
Sold by
Shepard Carol
Bought by
Faaborg Rana and Cummins Glen
Seller's Agent
BNAR Conversion Agent
BNAR Conversion Office
Buyer's Agent
Al Legg
RE/MAX Choice
List Price
$750,000
Sold Price
$705,000
Premium/Discount to List
-$45,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.65%
Original Mortgage
$634,500
Interest Rate
3.89%

Purchase Details

Closed on
Feb 15, 2006
Sold by
Custom Collection Inc
Bought by
Shepard Carol

Purchase Details

Closed on
May 16, 2005
Sold by
Dickinson Lucy E
Bought by
Custom Collection Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.05%
Source: Public Records

Range of Values:

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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
Gausselin William $815,000 None Listed On Document
Cummins Glenn -- Attorney
Faaborg Rana $705,000 Mclean County Title
Shepard Carol $265,000 None Available
Custom Collection Inc $242,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cummins Glenn $102,000
Previous Owner Faaborg Rana $504,000
Previous Owner Faaborg Rana $634,500
Previous Owner Shephard Carol $346,800
Previous Owner Shepard Carol Carbery $353,800
Previous Owner Shepard Carol Carbery $357,000
Previous Owner Custom Collection Inc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $815,000 -5.8% $152 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
12/15/2023 12/15/23 For Sale $865,000 +22.7% $161 / Sq Ft
05/15/2012 05/15/12 Sold $705,000 -6.0% $150 / Sq Ft
04/08/2012 04/08/12 Pending -- -- --
03/21/2012 03/21/12 For Sale $750,000 -- $160 / 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 $19,104 $268,001 $45,659 $222,342
2022 $19,104 $230,782 $39,318 $191,464
2021 $18,612 $225,000 $38,333 $186,667
2020 $17,398 $211,253 $33,717 $177,536
2019 $17,757 $216,115 $34,493 $181,622
2018 $17,684 $216,115 $34,493 $181,622
2017 $17,509 $213,975 $34,151 $179,824
2016 $17,266 $211,438 $33,746 $177,692
2015 $15,635 $217,104 $34,650 $182,454
2014 $14,951 $215,262 $34,650 $180,612
2013 -- $215,262 $34,650 $180,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11947866

Midwest Real Estate Data (MRED)

APN: 14-35-301-017