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Will 60451
338 Willow Street
$250,000
● Land - Off Market

338 Willow Street

New Lenox, IL 60451
bedrooms
Studio
bathrooms
0 Bath
$2,404
Est. Monthly
5.49%
Cap Rate

About This Property

Buyers loan fell through! Beautiful, wooded 3.60 Acres of Prime Real Estate in New Lenox ~ Value is in the land! Do Not enter Homes - they are Unsafe and Uninhabitable!  Walk the land ~ Do Not Enter Homes ~ Dogs are in the Houses!
Unit Size
-
Days on Market
-
Land Size
3.61 acres
Price per sqft
-
Property Type
Land
Property Taxes
$685
HOA Dues
-
Year Built
-

Payment Calculator

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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

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 157,226
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEW LENOX WOODLANDS
  • Land Acres: 0000003610
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: THE E1/2 OF LOT 23 NEW LENOX WOODLANDS, BEING A SUB OF PRT OF THE NE1/4 OF SEC. 16, T35N-R11E. A/D/A: THE E 164.55 FT OF LOT

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881107

Geography

  • Parcel: 15-08-16-102-004
  • Lot: 23
  • Meridian: SEC 16 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5234
  • Longitude: -87.9786

    Address

  • Full Address: 338 Willow St
  • Address - House Number: 338
  • Address - Street Name: Willow
  • Address - Suffix Type: St
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C002
  • 4-Digit Zip Code: 1047
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $736,086
  • Tax Rate Code Area: 1520

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 304,188
  • High Value: 353,993
  • Low Value: 254,383

    Market Valuation

  • Market Total Value: $264,741
  • Market Land Value: $105,402
  • Market Improvement Value: $159,339

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,247
  • Assessed Land Value: $35,134
  • Assessed Improvements Value: $53,113

    Sales

  • Current Sale Contract Date: May 11, 2020
  • Current Sale Recording Date: Jun 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020042308
  • Previous Sale Recording Date: Nov 08, 1996
  • Previous Sale Contract Date: Nov 06, 1996
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: 40
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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2373 ft²

Average Home Age

33 years

Currently For Sale

1528 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 122 Gall Lane, New Lenox, IL, 60451

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
122 Gall Lane, New Lenox, IL, 60451 Listing by Micah Kirstein

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cheryl Colanto, Dunn & Niemann Real Estate
Data Source: MRED, MLS# MRD12476333
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 Willow Street built and last sold?
The property at 338 Willow Street was built in and last sold on May 11, 2020 for $175,000.
How much is this home worth?
The estimated value of the home located at 338 Willow Street is $0.
What are some comparable homes to 338 Willow Street?
There are currently no comparable homes to 338 Willow Street.
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