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Montgomery 60538
2844 Heather Lane
$213,000
● House - Off Market

2844 Heather Lane

MONTGOMERY, IL 60538
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,665 Ft²
$343,679
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Beautifully maintained and Clean as a whistle, this Lovely home in the Coveted Lakewood Creek subdivision is Move In Ready. Kitchen is Open to Dining area and Family room, and there's a Light, Bright Office just off the kitchen. The Master bedroom has an en-suite bath and a walk-in closet. Convenient Second floor Laundry! Deep pour unfinished basement with separate workshop is ready for your design. Backs up to open space. Pool, Clubhouse, Park and Walking Path mean you don't need to go far for outdoor fun! Hurry!
Unit Size
1,665 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$129
Property Type
House
Property Taxes
$491
HOA Dues
$44
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 #09614517)

Price History

Date / Event Date Event Price
Jul 7, 2017 Sold
Premium
Sold
May 3, 2017 Listed by Coldwell Banker Residential $215,000
Listed by Coldwell Banker Residential

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • 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: 7,242
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,620
  • Gross Building Area: 2,620
  • Building Area: 2,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 0
  • Heated Square Feet: 2,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD CREEK WEST UNIT 1
  • Land Acres: 0000000166
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 44 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: 02-02-177-008
  • Lot: 44
  • Municipality: BRISTOL TOWNSHIP
  • Latitude: 41.7173
  • Longitude: -88.4021

    Address

  • Full Address: 2844 Heather Ln
  • Address - House Number: 2844
  • Address - Street Name: Heather
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Montgomery
  • Carrier Code: R005
  • 4-Digit Zip Code: 5116
  • 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: 334,078
  • High Value: 384,857
  • Low Value: 283,298

    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: Jun 26, 2017
  • Current Sale Recording Date: Jul 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201700011390
  • Previous Sale Recording Date: Sep 02, 2004
  • Previous Sale Contract Date: Aug 18, 2004
  • Previous Sale Amount: $193,000
  • 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

$197

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2036 ft²

Average Home Age

21.6 years

Currently For Sale

39 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 1836 Candlelight Circle, Montgomery, IL, 60538

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,794 ft²
1836 Candlelight Circle #1836, Montgomery, IL, 60538 Listing by Giovanna Schmieder

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential
Last Updated: 3 years ago
Data Source: MRED, MLS# 09614517
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 2844 Heather Lane built and last sold?
The property at 2844 Heather Lane was built in 2004 and last sold on Jun 26, 2017 for $213,000.
How much is this home worth?
The estimated value of the home located at 2844 Heather Lane is $0.
What are some comparable homes to 2844 Heather Lane?
There are currently no comparable homes to 2844 Heather Lane.
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