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Montgomery 60538
2833 Heather Lane
$277,000
● House - Off Market

2833 Heather Lane

Montgomery, IL 60538
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,540 Ft²
$300,384
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Welcome home to this well maintained and move in ready home nestled in highly sought after Lakewood Creek Subdivision. Home features 3 good sized bedrooms/2.1 bathrooms, full unfinished basement awaiting your finishing touches. Home has a large master suite with private master bathroom. Backyard is partially fenced in and offers a nice sized deck, making it a great place to entertain in the warmer months. Home is located in a Clubhouse Community with with access to the pool, rentable pavilions, walking paths, and parks! Conveniently located just minutes from I-88, Metra, shopping and entertainment! Come see it today! **MULTIPLE OFFER RECEVIED. H&B CALLED FOR BY 6/9 AT 3PM**
Unit Size
1,540 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$169
Property Type
House
Property Taxes
$479
HOA Dues
$45
Year Built
2004

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MRED MLS #11112697)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
Jun 5, 2021 Listed by iHome Real Estate $259,900
Listed by iHome Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,205
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,960
  • Gross Building Area: 1,960
  • Building Area: 1,540
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,540
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD CREEK WEST UNIT 1
  • Land Acres: 0000000165
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 31 LAKEWOOD CREEK WEST UNIT 1 VILLAGE OF MONTGOMERY

Neighborhood

  • School District Name: Oswego Community Unit School District 308
  • Census Tract: 890404

Geography

  • Assessors Map Reference: 3198-C6
  • Parcel: 02-02-178-016
  • Lot: 31
  • Municipality: BRISTOL TOWNSHIP
  • Latitude: 41.7169
  • Longitude: -88.4016

    Address

  • Full Address: 2833 Heather Ln
  • Address - House Number: 2833
  • Address - Street Name: Heather
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Montgomery
  • Carrier Code: R005
  • 4-Digit Zip Code: 5117
  • Zip Code: 60538

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $672,452
  • Tax Rate Code Area: BR037

    Appraisal Valuation

  • Standard Deviation: 0.1519
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 302,238
  • High Value: 348,178
  • Low Value: 256,298

    Market Valuation

  • Market Total Value: $235,872
  • Market Land Value: $32,412
  • Market Improvement Value: $203,460

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,624
  • Assessed Land Value: $10,804
  • Assessed Improvements Value: $67,820

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Nov 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202100028447
  • Previous Sale Recording Date: Jun 09, 2004
  • Previous Sale Contract Date: May 26, 2004
  • Previous Sale Amount: $209,000
  • Previous Sale Document Type: 71
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 Montgomery

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2053 ft²

Average Home Age

19.4 years

Currently For Sale

37 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 2449 Mayfield Drive, Montgomery, IL, 60538

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
2449 Mayfield Drive, Montgomery, IL, 60538 Listing by Michelle Viera
Unit for rent at 3758 Bissel Drive, Yorkville, IL, 60560

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,760 ft²
3758 Bissel Drive, Yorkville, IL, 60560 Listing by Debbie Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Chris McGary, iHome Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11112697
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 2833 Heather Lane built and last sold?
The property at 2833 Heather Lane was built in 2004 and last sold on Jul 9, 2021 for $277,000.
How much is this home worth?
The estimated value of the home located at 2833 Heather Lane is $0.
What are some comparable homes to 2833 Heather Lane?
There are currently no comparable homes to 2833 Heather Lane.
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