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Manteno 60950
497 Willow Road
$320,000
● House - Off Market

497 Willow Road

Manteno, IL 60950
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
1,788 Ft²
$323,791
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Discover modern comfort in Manteno, IL with this immaculate 3-bedroom, 2.2-bathroom ranch-style home. Upgraded for optimal living, enjoy a 2018 A/C, a high-efficiency hot water heater added in 2019, and a 2021 garage mini-split with customizable heating and cooling. Relish outdoor moments on the 2020 composite deck and benefit from the convenience of a partially finished basement with a bathroom. Your retreat awaits in this well-appointed residence.
Unit Size
1,788 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$182
Property Type
House
Property Taxes
$652
HOA Dues
-
Year Built
-

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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.

Last updated: 3 years ago (MRED MLS #11861801)

Price History

Date / Event Date Event Price
Oct 19, 2023 Sold
Premium
Sold
Aug 24, 2023 Listed by @home realty BROKERAGE $325,000
Listed by @home realty BROKERAGE

Property Highlights

Air Conditioning

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: 15,500
  • 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: WESTEND SUB
  • Land Acres: 0000000355
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WESTEND SUBD 10TH ADDN LOT 12 16-32-12E

Neighborhood

  • School District Name: Manteno Community Unit School District 5
  • Census Tract: 010204

Geography

  • District: 3
  • Parcel: 03-02-16-416-001
  • Lot: 12
  • Municipality: MANTENO
  • Latitude: 41.2566
  • Longitude: -87.8457

    Address

  • Full Address: 497 Willow Rd
  • Address - House Number: 497
  • Address - Street Name: Willow
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Manteno
  • Carrier Code: C002
  • 4-Digit Zip Code: 1071
  • Zip Code: 60950

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $782,312
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.1791
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 329,330
  • High Value: 390,687
  • Low Value: 267,973

    Market Valuation

  • Market Total Value: $274,362
  • Market Land Value: $42,459
  • Market Improvement Value: $231,903

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,454
  • Assessed Land Value: $14,153
  • Assessed Improvements Value: $77,301

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 19, 2023
  • Current Sale Recording Date: Oct 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10237
  • Previous Sale Recording Date: May 31, 2016
  • Previous Sale Contract Date: May 26, 2016
  • Previous Sale Amount: $188,000
  • Previous Sale Document Type: 36
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 Manteno

Stats & Trends

Median Asking:

$339,000

Sale Price/ft²

$179

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1572 ft²

Average Home Age

50.1 years

Currently For Sale

22 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: David Wurster, @home realty BROKERAGE
Last Updated: 3 years ago
Data Source: MRED, MLS# 11861801
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 497 Willow Road built and last sold?
The property at 497 Willow Road was built in and last sold on Oct 19, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 497 Willow Road is $328,622.
What are some comparable homes to 497 Willow Road?
There are currently no comparable homes to 497 Willow Road.
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