508 E Olive St, Bloomington, IL 61701
Property image
Property image
OFF MARKET

$72,700

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,540 sqft

508 E Olive St, Bloomington, IL 61701

Est. Refi. Payment $576/mo*
Refinance Your Home
Currently Off Market - Sold Jan 28, 2022 for $40,000

Home Value

Trulia Estimate
$72.7K
Since last month
Decreased$8K (-10.1%)
Since last year
Decreased$24K (-25.1%)
Since last sale
Increased$30K (+76%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +11% in the last 10 years
MonthEstimated value
2026
August 2026$70K
July 2026$78K
June 2026$83K
May 2026$93K
April 2026$77K
March 2026$77K
February 2026$82K
January 2026$83K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
406 E Oakland Ave, Bloomington, IL
0.25
Single-Family Home
$59,000
01/06/26
2
1
1,356
816 E Jefferson St, Bloomington, IL
0.34
Single-Family Home
$50,000
09/09/25
4
2
1,564
706 E Olive St, Bloomington, IL
0.13
Single-Family Home
$106,500
07/09/26
2
1
1,956
611 E Olive St, Bloomington, IL
0.10
Single-Family Home
$199,900
02/09/26
3
1
1,217
806 E Monroe St, Bloomington, IL
0.35
Single-Family Home
$88,000
06/24/26
3
1.5
1,650
603 E Mill St, Bloomington, IL
0.20
Single-Family Home
$165,000
07/02/26
3
2
1,769
503 S Evans St, Bloomington, IL
0.15
Single-Family Home
$163,500
04/29/26
3
2
2,024
811 E Washington St, Bloomington, IL
0.26
Single-Family Home
$110,000
11/14/25
4
1.5
2,200
501 E Mulberry St, Bloomington, IL
0.43
Single-Family Home
$22,000
05/06/26
2
1
1,040
821 E Market St, Bloomington, IL
0.42
Single-Family Home
$120,000
12/01/25
2
1
1,966

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
206 S McLean St, Bloomington, IL 61701
0.03
$214,700
4
1
4,320
Off Market
512 E Olive St, Bloomington, IL 61701
0.01
$210,100
4
1.5
2,412
Off Market
501 E Grove St, Bloomington, IL 61701
0.04
$258,300
7
6
-
Off Market
307 S McLean St, Bloomington, IL 61701
0.08
$270,000
5
3
-
Recently Sold
421 E Grove St, Bloomington, IL 61701
0.06
$677,500
3
2.5
5,235
Off Market
407 E Olive St, Bloomington, IL 61701
0.08
$242,900
4
4
-
Off Market
601 E Olive St, Bloomington, IL 61701
0.06
$119,400
3
1
1,300
Off Market
405 E Olive St, Bloomington, IL 61701
0.09
$301,400
8
3
-
Off Market
401 S McLean St, Bloomington, IL 61701
0.10
$245,000
3
2
2,372
Recently Sold
601 E Grove St, Bloomington, IL 61701
0.05
$242,500
5
2
4,640
Recently Sold
603 E Grove St, Bloomington, IL 61701
0.06
$281,000
4
2
3,708
Off Market
510 E Grove St, Bloomington, IL 61701
0.06
$270,000
3
2.5
2,654
Recently Sold

Local Information

  • Map ViewExplore the area around 508 E Olive St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1920
Living Area
1,540 sqft
Price/Sqft
$47

About this House

Cute bungalow in the historic Dimmitt's Grove neighborhood. 3 bedrooms, 1 bath with potential to add an additional bedroom and bathroom on the second floor. Nice enclosed porch and great mature trees. Several updates already complete - new electrical panel, roof, and some windows in 2015. Great investment opportunity close to downtown Bloomington. Property being sold as-is. Inspections for informational purposes only.
508 E Olive St, Bloomington, IL 61701 is a 3 bedroom, 1 bathroom, 1,540 sqft single-family home built in 1920. It last sold for $40,000 on Jan 28, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $72,700, with a rent estimate of $1,606/month.

Home Details for 508 E Olive St

Interior Features

Interior Details
BasementNumber of Rooms: 5Ceiling Fan
Heating & Cooling
Heating: Forced Air, GasHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Carpet, Hardwood, Linoleum Vinyl

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: WoodFoundation Type: ConcreteLawnPorch
Parking & Garage
Parking: On Street

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Single Family HomeArchitecture: Bungalow

Lot Information

Lot Area: 3977 sqft

Price and Tax history

DateEventPrice
Jan 28, 2022
Source: N/A
Sold
$40,000
Aug 15, 2017
Source: Agent Provided
ListingRemoved
$40,000
Jun 19, 2017
Source: Agent Provided
PriceChange
$40,000
Price decreased by 33%
Apr 19, 2017
Source: Agent Provided
PriceChange
$60,000
Price decreased by 8%
Mar 30, 2017
Source: Agent Provided
Listed For Sale
$65,000

Market trends in Bloomington

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$260K
$3.42KMoM
Sale-to-List Price
99.8%
0.5%MoM
Price per sq ft
$123
$0MoM
Available listings
201
12MoM

Around this home

What Locals Say about Bloomington

At least 522 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 91 % Say it's dog friendly

  • 88 % Say parking is easy

  • 84 % Say there are sidewalks

  • 79 % Say yards are well-kept

  • 77 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 69 % Say people would walk alone at night

  • 68 % Say streets are well-lit

  • 68 % Say it's quiet

  • 57 % Say neighbors are friendly

  • 51 % Say there's wildlife

  • 49 % Say they plan to stay for at least 5 years

  • 36 % Say it's walkable to restaurants

  • 36 % Say it's walkable to grocery stores

  • 34 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Halloween and icecream social"
    0
    Flag
  • Trulia User
    "I live by Washington Grade School which is a great school. 3 generations of my fam went there. Family neighborhood with lots of kids and aging neighbors. Not enough diversity but otherwise happy here. Been in my home 20 years. "
    0
    Flag
  • Lauren
    "Sweet corn circus, farmers markets, tailgate and tall boys music festival, and all of the other local events around town. "
    0
    Flag
  • Conwayjm
    " Nice neighborhood to take walks in and not too much traffic. Lots of parks and sidewalks, as well as dog parks make it family and dog friendly. "
    0
    Flag
  • Srinivas.ramasetti
    "By car driving approximately 15 mins oneway Return also same way and same route same amount of journey"
    0
    Flag
  • Srinivas.ramasetti
    "Dog owners around this are very much like it since it has dig friendly neighbour wood with lot of dog owners. They enjoy walking with across street."
    0
    Flag
  • Gonzalesjessie379
    "It’s a safe neighborhood with large trees and beautiful homes. Not only do I live here but I grew up in this neighborhood. Downtown is just a few blocks away with shops night life and parades. "
    5
    Flag
  • Melinda Turner
    "People who walk their dogs clean up behind them and they are very respectful of your yard. I like the keep the on leash never see any wondering around the neighborhood."
    1
    Flag
  • Romi Rudzinski
    "Halloween trick or treating is the highlight, there are not other events that take place on our neighbourhood."
    0
    Flag
  • Tess B.
    "unit 5 is a great school district. lots to do in the ways of trails and parks. heartland community College also offers a lot of fun classes for kids in the summer time. "
    0
    Flag
  • Kellysully248
    "the area has two dogs parks. they are both nice parks. one is maxwell, the other is called Shepard. excelente area for dogs to play and socialize. safe neighborhood for walking your dog. plenty of parks too "
    13
    Flag
  • Emily M.
    "great public transport access, & pretty central to most places in town. grocery & pharmacy & restaurants nearby too! love our neighborhood."
    0
    Flag
  • Matthew
    "Calm neighborhood with a little street traffic off of busier roads. Close to downtown, older buildings, and near Wesleyan. Never had a problem in 5 years "
    1
    Flag
  • Rtwebb1978
    "Quiet and nice area. I have some good neighbors and they are helpful. It’s private and enjoyable to live in this area. "
    1
    Flag
  • Peg F.
    "Dogs are welcome and I have never seen one loose. Some people do not pick up their animals waste, which I think is very rude.. the “Dog Run” is not what is perceived on the pamphlets, it is very small fenced in area..so everyone just lets their dogs go on any grassy area"
    5
    Flag
  • Anyuan
    "A good and quite neighborhood, most of people are friendly, lawn is well-kept, many children playing outside."
    0
    Flag
  • Rakesh.pisces
    "That neighborhood is kids friendly and good school is available. Diverse culture is also an important factor."
    0
    Flag
  • Bauerb6
    "Great community and helpful neighbors. Low crime rate. Many restaurants to choose from. Clean cities"
    0
    Flag
  • Laverne T.
    "They would love this area. Dogs are welcomed here. There are times when you need to keep an eye out for stray dogs "
    4
    Flag
  • Bauerb6
    "Beautiful well kept community. Safe atmosphere and great schools. Good neighborhood with plenty of restaurants "
    0
    Flag
  • Kelli F. .
    "My commute can be long for a smaller city like Bloomington.. 15 to 20 minutes everywhere you go. I like around 5 minutes is long enough. "
    0
    Flag
  • Kelli F. .
    "There’s a lot of places to walk the dogs as well as ponds to play in. Very welcoming neighborhood! Would recommend for people with pets"
    0
    Flag
  • Jennifer B.
    "great place to raise children. neighbors are friendly, clean city and neighborhoods. schools are also great! excellent teachers."
    0
    Flag
  • Denise
    "My commute is fine...takes 15 minuets to get to most places in town. Traffic is fine most of the time "
    2
    Flag
  • Reliant61
    "I am retired, so no commute. You can be anywhere in town in 20 minutes or less. Public transportation is available but I have never used it. Most amenities are close enough to walk to if needed."
    6
    Flag
  • Faye
    "I have lived in this area for 20+ years. It is very family friendly and has a strong flow of young professionals from the universities near by. "
    0
    Flag
  • Tammy H.
    "This is a nice area with a lot of professionals and families. there are things to do and nice homes."
    0
    Flag
  • Faye
    "As a neighborhood resident for 20 years, I can safely say this place is a steady family area perfect for raising a family. "
    0
    Flag
  • MO
    "I am retired so I don’t have a commute. I have 3 grocery stores within walking distance too. I can get anywhere in town in less than 20 minutes "
    5
    Flag
  • Mark O
    "Just a lot of stopping and chatting going on in the neighborhood during walks. The downtown and uptown communities sponsor a lot of entertainment and events to attend."
    0
    Flag
  • Reliant61
    "The commute anywhere is negligible since this is a fairly small community and it has a good transpusystem"
    0
    Flag
  • Bcfishe
    "There are many families with children in the neighborhood plenty of parks schools nearby great location. Seven minutes to work I work in normal"
    0
    Flag
  • Will Buckem
    "it takes a village to do anything now-a-days. Real talk. Our neighborhood is blended and mostly we all lookout for each other."
    0
    Flag
  • Dakota B.
    "Many great places in town. Lots of places to eat. Also, many awesome schools ranging from Pre-K / College Graduate. Taxes are a bit high in some areas, but are mostly alright."
    0
    Flag
  • Rianna S.
    "There is access to a bus system but most places must be traveled via car. There are not many restaurants or shops close by. "
    1
    Flag
  • Jodimacewan
    "It’s quiet safe, easier to park than larger places. Close to trail parking and restaurants. Close to work. "
    0
    Flag
  • Dkkdcarter
    "Lived here for 20 years. Easy, safe living with great schools and minimal crime. Strong economic base."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 508 E Olive St

  • What is 508 E Olive St estimated to be worth?
    Trulia's estimated value for 508 E Olive St in Bloomington, IL is $72,700.
  • What is the price history for 508 E Olive St?
    508 E Olive St in Bloomington, IL last sold for $40,000 in January 2022.
  • Is Bloomington a buyer's or seller's market?
    Bloomington is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Bloomington?
    The median sale price in Bloomington is $260K. That is down $3.42K from the prior month.
  • How big is the lot at 508 E Olive St?
    The lot at 508 E Olive St in Bloomington, IL is about 0.09 acres (3,977 sq ft).
  • Does 508 E Olive St have parking?
    Yes, 508 E Olive St in Bloomington, IL has on-site parking.

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Off Market Homes Near 508 E Olive St

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