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Willowbrook 60417
2809 E Cherry Lane
$331,000
● House - Off Market

2809 E Cherry Lane

Crete, IL 60417
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,100 Ft²
$2,402
Est. Monthly
$33
HOA / Fees
6.23%
Cap Rate

About This Property

Willow Brook Estates Presents this beautiful Quad home completely updated, situated on a half of an acre corner lot. 4 Bedrooms, 3 full remodeled bathrooms, Large country style kitchen, smart refrigerator, porcelain counter tops, tons of counter space. Large family room with wood burning fireplace. Large Livingroom with vaulted ceiling. All porcelain tile on the flooring. Sub-basement for entertainment or storage. Newer furnace, newer roof, newer A/C unit and newer hot water tank. Half of an acre, beautiful landscaping surrounded by mature trees. Great for outdoor entertaining with the gazebo. Minutes away from Plum valley forest preserves and highway I-394. Don't miss out, schedule your private tour today!
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$167
Property Type
House
Property Taxes
$650
HOA Dues
$33
Year Built
1991

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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 #12174694)

Price History

Date / Event Date Event Price
Jan 6, 2025 Sold
Premium
Sold
Dec 19, 2024 In contract -
In contract
Dec 12, 2024 Price Decreased $349,900
↓ $100 (0%)
Price Decreased
Oct 22, 2024 Relisted $350,000
Relisted
Oct 12, 2024 In contract -
In contract
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Total Rooms: 8
  • Bedroom Count: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 715
  • Garage Type: 1
  • Garage Square Area: 704
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 3,634
  • Building Area: 2,215
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,215
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLOW BROOK ESTATES UNIT 1
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 18 IN WILLOW BROOK ESTATES UNIT 1, BEING A SUB OF PRT OF THE SW1/2 OF THE SE1/4 OF SEC 7 PRT OF THE NE1/4 OF SEC 18, T34

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883806

Geography

  • Parcel: 23-16-18-204-001
  • Lot: 18
  • Meridian: SEC 18 TWN 34N RNG 15E
  • Municipality: CRETE
  • Latitude: 41.4417
  • Longitude: -87.5453

    Address

  • Full Address: 2809 E Cherry Ln
  • Legal Unit: 1
  • Address - House Number: 2809
  • Street Direction: E
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Crete
  • Carrier Code: R004
  • 4-Digit Zip Code: 3700
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $779,994
  • Tax Rate Code Area: 2308

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 296,074
  • High Value: 348,398
  • Low Value: 243,751

    Market Valuation

  • Market Total Value: $235,440
  • Market Land Value: $58,098
  • Market Improvement Value: $177,342

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,480
  • Assessed Land Value: $19,366
  • Assessed Improvements Value: $59,114

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 05, 2016
  • Current Sale Recording Date: May 24, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2016038130
  • Previous Sale Recording Date: Aug 21, 2015
  • Previous Sale Contract Date: Aug 13, 2015
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Willowbrook

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$138

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2939 ft²

Average Home Age

47.1 years

Currently For Sale

7 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: Antoinette Thomas, Keller Williams Preferred Rlty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12174694
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 2809 East Cherry Lane built and last sold?
The property at 2809 East Cherry Lane was built in 1991 and last sold on Apr 5, 2016 for $139,000.
How much is this home worth?
The estimated value of the home located at 2809 East Cherry Lane is $0.
What are some comparable homes to 2809 East Cherry Lane?
There are currently no comparable homes to 2809 East Cherry Lane.
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