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Harvard 60033 Country Brook
338 Marengo Road
$320,000
● House - Off Market

338 Marengo Road

Harvard, IL 60033
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,031 Ft²
$1,639
Est. Monthly
8.94%
Cap Rate

About This Property

Much bigger than it looks and super cute. Stop by and see this quaint 2 or 3 bedroom home on super sized lot. Many updates include new kitchen, bath, hardwood floors refinished, lighting fixtures, appliances. 28x40 outbuilding/garage with 10' and 8' overhead doors, concrete floor, full covered patio 8'x40'. Very usable basement. Small bedroom on main floor does not have a closet.
Unit Size
1,031 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$271
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
2004

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 889
  • Garage Type: 7
  • Garage Square Area: 467
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,666
  • Building Area: 1,777
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,777
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0034437 S 4RDS N 16RDS W 40RDS SW1/4 NE1/4

Neighborhood

  • School District Name: Harvard Community Unit School District 50
  • Census Tract: 870200

Geography

  • Parcel: 06-02-251-050
  • Municipality: DUNHAM TWP
  • Latitude: 42.4104
  • Longitude: -88.618

    Address

  • Full Address: 338a Marengo Rd
  • Address - House Number: 338a
  • Address - Street Name: Marengo
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Harvard
  • Carrier Code: C003
  • 4-Digit Zip Code: 3424
  • Zip Code: 60033

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $513,006
  • Tax Rate Code Area: 06002

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 257,179
  • High Value: 298,720
  • Low Value: 215,638

    Market Valuation

  • Market Total Value: $173,538
  • Market Land Value: $74,820
  • Market Improvement Value: $98,718

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,846
  • Assessed Land Value: $24,940
  • Assessed Improvements Value: $32,906

    Sales

  • Current Sale Contract Date: Aug 28, 2022
  • Current Sale Recording Date: Oct 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34437
  • Previous Sale Recording Date: May 04, 2021
  • Previous Sale Contract Date: Feb 16, 2021
  • Previous Sale Amount: $210,000
  • 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 Country Brook

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$200

Above Asking

0.00%

Average Days on Market

33

Average Home Size

1497 ft²

Average Home Age

26.7 years

Currently For Sale

0 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 1306 8th Street, Harvard, IL, 60033

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
1306 8th Street, Harvard, IL, 60033 Listing by Jose Rey
Unit for rent at 1429 Sage Lane, Harvard, IL, 60033

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
1429 Sage Lane, Harvard, IL, 60033 Listing by Jose Rey

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Pat Betlinski, Berkshire Hathaway HomeServices Starck Real Estate
Data Source: MRED, MLS# MRD12364621
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 338 Marengo Road built and last sold?
The property at 338 Marengo Road was built in 2004 and last sold on Aug 28, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 338 Marengo Road is $282,699.
What are some comparable homes to 338 Marengo Road?
There are currently no comparable homes to 338 Marengo Road.
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