new - 5 days on rocket

502 E Locust St, Bloomington, IL, 61701

$225,000

Home List Price

$2,672*

Closing Credit

3 Bedrooms
3 Baths
House

Location

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502 E Locust St, Bloomington$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1912
HeatingNatural Gas, Forced Air
BasementYes
MLS #12222430
StatusActive
(New)

About 502 E Locust St

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 it's own furnace but one water heater for the building which is on a separate meter as well. There is a hookup so 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1912

Listing Office:

  • Office Name: Vesta Real Estate LLC
  • Office Phone: (309) 433-0813
  • Listing Agent: Marti Ryan

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: From Main St go East on Locust.

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000

Tax Information:

  • Annual Amount: $3,326
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bloomington, IL.

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Bloomington, IL

City

Med. Sold Price

$250.2K

Med. Price/SqFt

$110

Avg. Days On Market

36

# of Sold Homes

86

502 E Locust St vs Bloomington

5 DAYS ON ROCKET

-31 Days

$225,000

-$25.2K Less

KEY TAKEAWAY

This property is $25.2K less than the Median Sold Price in Bloomington, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12222430

Listing Office:

  • Office Name: Vesta Real Estate LLC
  • Office Phone: (309) 433-0813
  • Listing Agent: Marti Ryan

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/11/2024, 6:16:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 24, 2021Home Sold
$125,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,326$39,243
2019$3,316$39,243
2018$3,303$39,243
2017$3,304$39,243

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1755844
2
/10

  • Bent Elementary School

  • 904 N Roosevelt Ave

  • 0.57 miles

  • Public District Grades KG-5

school-card-donut-1755845
8
/10

  • Washington Elementary School

  • 1201 E Washington St

  • 0.72 miles

  • Public District Grades KG-5

school-card-donut-1755846
5
/10

  • Irving Elementary School

  • 602 W Jackson St

  • 1.00 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,478. The majority of Bloomington, IL residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Bloomington, IL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Bloomington, IL.

Bloomington's housing market is diverse, offering a range of options from historic homes to contemporary apartments. Single-family homes are prevalent, with a mix of Victorian, ranch, and colonial styles commonly found. The housing stock also includes a selection of condominiums and townhouses, accommodating various preferences and lifestyles. The homeownership rate in Bloomington is robust, with a significant majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.

What is it like to live in Bloomington, IL?

Bloomington prides itself on a vibrant community spirit and a rich historical backdrop. The city's character is defined by its blend of urban amenities and small-town charm, with a variety of local events and festivals that celebrate its cultural heritage. Residents and visitors alike enjoy the community's green spaces, local arts scene, and the sense of connectivity that pervades neighborhood gatherings and public celebrations.

Is it easy to get around Bloomington, IL without a car?

The city is served by a comprehensive array of services, including a network of public schools that cater to students from kindergarten through high school, as well as private educational options. Healthcare is readily accessible, with several clinics and a hospital that provides emergency services, primary care, and specialized treatments. Bloomington also features a public library system that supports lifelong learning and community engagement. Retail and dining establishments reflect the local culture, offering both familiar chains and unique local businesses that contribute to the city's distinct flavor.

Transportation in Bloomington, IL.

Transportation in Bloomington includes a variety of options for residents and visitors. The city's public transit system facilitates movement around the area, with bus routes connecting key destinations. While specific schedules vary, services are designed to accommodate peak commuting times. The community also supports ride-sharing options, enhancing mobility for those without private vehicles. Bloomington is characterized by areas that are pedestrian-friendly, particularly in the downtown district, and there are initiatives to improve bikeability. The city's road network provides efficient access to major highways, simplifying travel to and from the city.

Frequently Asked Questions About 502 E Locust St

What is the listing price of this property?

The listing price of 502 E Locust St property is $225,000.

What type of property is this?

The property 502 E Locust St is a house located in Bloomington, Illinois, 61701.

Is this property for sale now?

Active Listing: 502 E Locust St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,326 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 24, 2021 for $125,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 502 E Locust St has 3 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 502 E Locust St is 1912.

Rocket Homes›Illinois›McLean County›Bloomington›61701›502 E Locust St

This home is located at 502 E Locust St in Bloomington, IL and zip code 61701. This home was built in 1912. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $225,000.

In November 2024, from all listings sold in Bloomington, IL there were more than 30 sold above asking price, over 36 sold below and more than 20 were sold right at the asked price. Between October 2024 and November 2024, Bloomington, IL real estate market has seen decrease in the number of listings by 16%. In November 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $250,228.

From Rocket Homes Real Estate and based on county public records data.

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