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Will 60451
542 Willow Road
$435,000
● House - Off Market

542 Willow Road

New Lenox, IL 60451
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,500 Ft²
$491,200
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Custom built 3,500 sq ft amazing raised ranch w/ 4 bed 3 bath sits on an amazing 4 acre property.  Beautiful kitchen features granite counters & SS appliances and overlooks 2 story great room with huge stone fireplace. Nauture lovers will fall in love with this property which frequently has deer on it's property.  Car enthusiastics will love the 3 car+  detached heated/AC garage plus an attached single car garage plus a workshop which can easily be converted to a 2 car attached garage. Inground pool ready for summer. Enjoy your morning coffee on the large enclosed screened in porch. ***MULTIPLE OFFERS RECEIVED HIGHEST & BEST DUE 6/11 BY 5:00 PM***
Unit Size
3,500 Ft²
Days on Market
-
Land Size
4.00 acres
Price per sqft
$121
Property Type
House
Property Taxes
$887
HOA Dues
-
Year Built
-

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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 #11112264)

Price History

Date / Event Date Event Price
Jul 12, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by CRIS Realty $424,999
Listed by CRIS Realty

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: 84,294
  • 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: THE SECOND ADD
  • Land Acres: 0000001940
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THAT PRT OF THE E 251 FT OF LOT 13, IN THE SECOND ADDN TO BANBURY, LYG S OF A LN DAF: BEG AT A PT ON THE E LN OF SD LOT 13 TH

Neighborhood

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

Geography

  • Parcel: 15-08-17-200-020
  • Lot: 13
  • Municipality: NEW LENOX
  • Latitude: 41.5225
  • Longitude: -87.9879

    Address

  • Full Address: 542 Willow Rd
  • Address - House Number: 542
  • Address - Street Name: Willow
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C002
  • 4-Digit Zip Code: 1051
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,187,704
  • Tax Rate Code Area: 1520

    Appraisal Valuation

  • Standard Deviation: 0.1181
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 87
  • Final Value: 520,509
  • High Value: 582,013
  • Low Value: 459,004

    Market Valuation

  • Market Total Value: $445,170
  • Market Land Value: $95,751
  • Market Improvement Value: $349,419

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $148,390
  • Assessed Land Value: $31,917
  • Assessed Improvements Value: $116,473

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2021079040
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

2369 ft²

Average Home Age

33.1 years

Currently For Sale

1508 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: Debbie DeGroot, CRIS Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11112264
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 542 Willow Road built and last sold?
The property at 542 Willow Road was built in and last sold on Jul 12, 2021 for $435,000.
How much is this home worth?
The estimated value of the home located at 542 Willow Road is $443,485.
What are some comparable homes to 542 Willow Road?
There are currently no comparable homes to 542 Willow Road.
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