4 months on rocket

Backup Offers

7 Cherrywood Ln, Bloomington, IL, 61701

$849,900

Home List Price

$10,000*

Closing Credit

3 Bedrooms
4 Full Baths, 1 Partial
5,378 SqFt
$158/SqFt
House
Schools Nearby

Location

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7 Cherrywood Ln, Bloomington$849,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Attached Garage4 spaces
Year Built1957
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
WaterfrontFencing
FireplaceDouble Sided, Gas Log, More than one
MLS #11947866
Lot Size1.15 Acres
StatusAccepting Backup Offers
(Contingent)

About 7 Cherrywood Ln

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1957
  • Living Area: 5,378 SqFt

Listing Office:

  • Office Name: RE/MAX Rising
  • Office Phone: (309) 340-1000
  • Listing Agent: Danell Moberly

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Yes
  • Interior: Vaulted/Cathedral Ceilings, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Beamed Ceilings
  • Fireplace: Double Sided, Gas Log, More than one

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Fencing
  • Exterior: Patio, Screened Patio, Brick Paver Patio, In Ground Pool, Outdoor Grill

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Fencing, Trees
  • Lot Size: 1.15 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Bloomington High School, Public District Grades 9-12
  • Bloomington Jr High School, Public District Grades 6-8
  • Bent Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: N on Towanda from Emerson to east on Cherrywood

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,900
  • Price Per SqFt: $158/SqFt

Tax Information:

  • Annual Amount: $17,398
  • 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

$241.8K

Med. Price/SqFt

$106

Avg. Days On Market

45

# of Sold Homes

60

7 Cherrywood Ln vs Bloomington

134 DAYS ON ROCKET

+89 Days

$849,900

+$608K More

$158/SqFt

+$51 More

KEY TAKEAWAY

This property is $608K more than the Median Sold Price and $51/SqFt more than other homes in Bloomington, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11947866

Listing Office:

  • Office Name: RE/MAX Rising
  • Office Phone: (309) 340-1000
  • Listing Agent: Danell Moberly

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.

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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: 4/28/2024, 12:45:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 24, 2012Home Sold
$705,000
Feb 17, 2006Home Sold
$265,000
May 19, 2005Home Sold
$242,000

Tax History

YEARPROP. TAXASSESSMENT
2020$17,398$211,253
2019$17,757$216,115
2018$17,684$216,115
2017$17,509$213,975

History based on county public records data.

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$4,309

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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.

Elementary School

school-card-donut-2007863
2
/10

  • Bent Elementary School

  • 904 N Roosevelt Ave

  • 2.03 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2007864
2
/10

  • Bloomington Jr High School

  • 901 Colton Ave

  • 1.05 miles

  • Public District Grades 6-8

High School

school-card-donut-2007865
3
/10

  • Bloomington High School

  • 1202 E Locust St

  • 0.96 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,961. Typical income of Bloomington, IL residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7 Cherrywood Ln

What is the listing price of this property?

The listing price of 7 Cherrywood Ln property is $849,900.

What type of property is this?

The property 7 Cherrywood Ln is a house located in Bloomington, Illinois, 61701.

Is this property for sale now?

Accepting Backup Offers: 7 Cherrywood Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 7 Cherrywood Ln are:
Bent Elementary School: GreatSchools Rating 2/10
Bloomington Jr High School: GreatSchools Rating 2/10
Bloomington High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $17,398 (source: MLS/based on county public records data).

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

The last sale was on May 24, 2012 for $705,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7 Cherrywood Ln has 3 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 7 Cherrywood Ln is 5,378 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7 Cherrywood Ln is 1957.

Rocket Homes›Illinois›McLean County›Bloomington›61701›7 Cherrywood Ln

This home is located at 7 Cherrywood Ln in Bloomington, IL and zip code 61701. This 5,378 square foot home, which was built in 1957, sits on a 1.15 acre lot. Features: 3 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 15, 2023 and is currently priced at $849,900.

Over 21 listings were sold over their listed price in March 2024 in Bloomington, IL. In the same period over 21 listings were sold below the listed price and 18 listings were sold for the listed price. Between February 2024 and March 2024, Bloomington, IL real estate market has seen increase in the number of listings by 13.4%. The median list price of listings available in March 2024 was $241,833, while the average time on the real estate market was 45 days.

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

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