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Marshall 61375
1649 Tanglewood Drive
$7,000
● Land - Off Market

1649 Tanglewood Drive

Varna, IL 61375
bedrooms
Studio
bathrooms
0 Bath
$59
Est. Monthly

About This Property

Don't miss the opportunity to own your own slice of paradise on serene Lake Tanglewood! Nestled within the gated Lake Wildwood community, this lot sits on the smaller of the two lakes, offering a peaceful retreat surrounded by nature, from lush woods to abundant wildlife. Take advantage of all the community's incredible amenities, including two lakes perfect for fishing and boating, two sandy beaches, a pool, tennis and pickleball courts, a basketball court, multiple playgrounds, and so much more. All offers subject to Lake Wildwood rights of first refusal, rules, and covenants.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$10
HOA Dues
-
Year Built
-

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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.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,776
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: LAKE WILDWOOD
  • Land Acres: 0000000408
  • Standard Land Use Code: 8001
  • County Land Use Code: 1230
  • Legal Description 1: LOT 1649 LAKE WILDWOOD. LOT SIZE: 60X 241X 60X 249

Neighborhood

  • School District Name: Midland Community Unit School District 7
  • Census Tract: 961100

Geography

  • Parcel: 06-07-252-016
  • Lot: 1649
  • Municipality: ROBERTS
  • Latitude: 41.0825
  • Longitude: -89.2669

    Address

  • Full Address: 1649 Tanglewood Dr
  • Address - House Number: 1649
  • Address - Street Name: Tanglewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Varna
  • Carrier Code: R002
  • 4-Digit Zip Code: 9520
  • Zip Code: 61375

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,548
  • Tax Rate Code Area: RO002

    Market Valuation

  • Market Total Value: $4,233
  • Market Land Value: $4,233

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,411
  • Assessed Land Value: $1,411
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 Marshall

Stats & Trends

Median Asking:

$209,000

Sale Price/ft²

$126

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1639 ft²

Average Home Age

66.4 years

Currently For Sale

16 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

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MRED

Listed by: Donna Bayler, Local Realty Group, Inc.
Data Source: MRED, MLS# MRD12443867
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 1649 Tanglewood Drive built and last sold?
The property at 1649 Tanglewood Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1649 Tanglewood Drive is $0.
What are some comparable homes to 1649 Tanglewood Drive?
There are currently no comparable homes to 1649 Tanglewood Drive.
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