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Spring Grove 60081 Oak Valley Estates
2907 Monterra Drive
$350,000
● House - Off Market

2907 Monterra Drive

Spring Grove, IL 60081
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,630 Ft²
$350,261
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Spring Grove Ranch - Single-level living in a meticulously maintained home. 3 beds and 2 baths  The huge kitchen has been updated with granite countertops. Open Foyer enters to the living room with Hardwood floors and a cozy fireplace for these chilly nights. The dining area has a great view of the large thoughtfully designed yard and large deck. Owner has experienced a lot of nature and wildlife and will be leaving the birdfeeder. Laundry on the first level as well for ranch-style living. The square foot is doubled with the FULL Basement that is mostly finished. The Basement electric has been run and most has been drywalled. Attached 2 car garage with built-in shelves. If you have been looking for a Spring Grove Ranch this is it!
Unit Size
3,630 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$94
Property Type
House
Property Taxes
$310
HOA Dues
-
Year Built
1991

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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 #11719853)

Price History

Date / Event Date Event Price
Mar 13, 2023 Sold
Premium
Sold
Feb 17, 2023 Listed by Realty Executives Cornerstone $339,900
Listed by Realty Executives Cornerstone

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,815
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,863
  • Total Building Area: 3,630
  • Building Area: 1,815
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,815
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK VALLEY ESTATES UNIT 1
  • Land Acres: 0000000686
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2017R0039659 LT 7 OAK VALLEY ESTATES UNIT 1

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-24-151-038
  • Block: 151
  • Lot: 7
  • Municipality: RICHMOND TWP
  • Latitude: 42.4559
  • Longitude: -88.2509

    Address

  • Full Address: 2907 Monterra Dr
  • Legal Unit: 1
  • Address - House Number: 2907
  • Address - Street Name: Monterra
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R006
  • 4-Digit Zip Code: 8738
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $368,310
  • Tax Rate Code Area: 04010

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 361,882
  • High Value: 419,616
  • Low Value: 304,148

    Market Valuation

  • Market Total Value: $270,066
  • Market Land Value: $46,161
  • Market Improvement Value: $223,905

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,022
  • Assessed Land Value: $15,387
  • Assessed Improvements Value: $74,635

    Sales

  • Current Sale Contract Date: Mar 07, 2023
  • Current Sale Recording Date: Apr 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8528
  • Previous Sale Recording Date: Jun 23, 1998
  • Previous Sale Contract Date: Jun 15, 1998
  • Previous Sale Amount: $183,500
  • 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 Oak Valley Estates

Stats & Trends

Median Asking:

$474,000

Sale Price/ft²

$198

Below Asking

0.04%

Average Days on Market

44

Average Home Size

3598 ft²

Average Home Age

35 years

Currently For Sale

1 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: Kevin Kalbach, Realty Executives Cornerstone
Last Updated: 3 years ago
Data Source: MRED, MLS# 11719853
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 2907 Monterra Drive built and last sold?
The property at 2907 Monterra Drive was built in 1991 and last sold on Mar 7, 2023 for $350,000.
How much is this home worth?
The estimated value of the home located at 2907 Monterra Drive is $343,299.
What are some comparable homes to 2907 Monterra Drive?
There are currently no comparable homes to 2907 Monterra Drive.
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