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Harvard 60033 Oak Grove Crossing
1408 Willow Lane
$303,000
● House - Off Market

1408 Willow Lane

Harvard, IL 60033
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,513 Ft²
$1,872
Est. Monthly
$12
HOA / Fees
7.68%
Cap Rate

About This Property

Beautiful 2 story home on quiet cul-de-sac in Oak Grove Crossing Subdivision.  Home backs up to a 1 mile walking path and fully stocked pond. Newer hardwood floors, large kitchen w/ island and eating area, brand newer tiled backsplash, 1st floor laundry and wood burning fireplace.  Master bedroom has a walk in closet and full master bath features separate shower and Jacuzzi tub.  Finished basement a great space w/ family room, water softener, central humidifier and New battery back up sump pump.  Take in the gorgeous pond views from the stamped concrete  patio or relax in the above ground pool ready to enjoyed.  Enjoy the wonderful neighborhood amenities including a new park/playground, walking path and fully stocked pond. Roof replaced in 2019/Furnace & AC 2019
Unit Size
1,513 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$190
Property Type
House
Property Taxes
$451
HOA Dues
$12
Year Built
2004

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #12285723)

Price History

Date / Event Date Event Price
Mar 11, 2025 Sold
Premium
Sold
Feb 22, 2025 In contract -
In contract
Feb 12, 2025 Listed by A&O Dream Key Real Estate $287,000
Listed by A&O Dream Key Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,835
  • Lot Size Depth Feet: 1,870
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK GROVE CROSSING UNIT 2
  • Land Acres: 0000000272
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2016R0030816 LT 67 OAK GROVE CROSSING UNIT 2 MEMO: DELCID, KEVIN A/ PEREZ GONZALEZ, CYNTHIA I

Neighborhood

  • School District Name: Harvard Community Unit School District 50
  • Census Tract: 870301

Geography

  • Parcel: 01-27-433-005
  • Lot: 67
  • Municipality: CHEMUNG TWP
  • Latitude: 42.4334
  • Longitude: -88.6334

    Address

  • Full Address: 1408 Willow Ln
  • Legal Unit: 2
  • Address - House Number: 1408
  • Address - Street Name: Willow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Harvard
  • Carrier Code: C005
  • 4-Digit Zip Code: 3711
  • Zip Code: 60033

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $509,438
  • Tax Rate Code Area: 01001

    Appraisal Valuation

  • Standard Deviation: 0.1811
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 256,324
  • High Value: 302,769
  • Low Value: 209,879

    Market Valuation

  • Market Total Value: $174,678
  • Market Land Value: $35,010
  • Market Improvement Value: $139,668

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,226
  • Assessed Land Value: $11,670
  • Assessed Improvements Value: $46,556

    Sales

  • Current Sale Contract Date: Aug 17, 2016
  • Current Sale Recording Date: Aug 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016R0030816
  • Previous Sale Recording Date: Apr 29, 2008
  • Previous Sale Contract Date: Apr 24, 2008
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Oak Grove Crossing

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$169

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1645 ft²

Average Home Age

-

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1306 8th Street, Harvard, IL, 60033

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
1306 8th Street, Harvard, IL, 60033 Listing by Jose Rey
Unit for rent at 1429 Sage Lane, Harvard, IL, 60033

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
1429 Sage Lane, Harvard, IL, 60033 Listing by Jose Rey

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Adalberto Sanchez-Arias, A&O Dream Key Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12285723
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1408 Willow Lane built and last sold?
The property at 1408 Willow Lane was built in 2004 and last sold on Aug 17, 2016 for $158,000.
How much is this home worth?
The estimated value of the home located at 1408 Willow Lane is $291,164.
What are some comparable homes to 1408 Willow Lane?
There are currently no comparable homes to 1408 Willow Lane.
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