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Montgomery 60538
2906 Heather Lane
$189,000
● House - Off Market

2906 Heather Lane

MONTGOMERY, IL 60538
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,976 Ft²
$377,113
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Spacious beautiful home featuring 4 BR's, full English basement, 2 story entrance, FP in Family RM. This is a Fannie Mae HomePath property. Purchase this property for as little as 5% down! This property is approved for HomePath Renovation Mortgage Financing.
Unit Size
1,976 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
House
Property Taxes
$503
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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 7,206
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,396
  • Gross Building Area: 2,396
  • Building Area: 1,976
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,976
  • 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: 0000000165
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 103 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-B6
  • Parcel: 02-02-176-003
  • Lot: 103
  • Municipality: BRISTOL TOWNSHIP
  • Latitude: 41.7172
  • Longitude: -88.4045

    Address

  • Full Address: 2906 Heather Ln
  • Address - House Number: 2906
  • Address - Street Name: Heather
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Montgomery
  • Carrier Code: R005
  • 4-Digit Zip Code: 5118
  • Zip Code: 60538

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $858,714
  • Tax Rate Code Area: BR037

    Appraisal Valuation

  • Standard Deviation: 0.1422
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 364,674
  • High Value: 416,553
  • Low Value: 312,796

    Market Valuation

  • Market Total Value: $296,220
  • Market Land Value: $32,412
  • Market Improvement Value: $263,808

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $98,740
  • Assessed Land Value: $10,804
  • Assessed Improvements Value: $87,936

    Sales

  • Current Sale Contract Date: Feb 24, 2014
  • Current Sale Recording Date: Apr 10, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 201400004685
  • Previous Sale Recording Date: Jul 17, 2013
  • Previous Sale Contract Date: Jun 27, 2013
  • Previous Sale Document Type: 64
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

2043 ft²

Average Home Age

22 years

Currently For Sale

38 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

Rentals Near You

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MRED

Listed by: Larry Shakman, Labra Group
Data Source: MRED, MLS# MRD08428065
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 2906 Heather Lane built and last sold?
The property at 2906 Heather Lane was built in 2004 and last sold on Feb 24, 2014 for $189,000.
How much is this home worth?
The estimated value of the home located at 2906 Heather Lane is $0.
What are some comparable homes to 2906 Heather Lane?
There are currently no comparable homes to 2906 Heather Lane.
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