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Marshall 61375
871 Oak Crest Drive
$15,900
● Land - Off Market

871 Oak Crest Drive

Varna, IL 61375
bedrooms
Studio
bathrooms
0 Bath
$21,000
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Imagine your fabulous lake house built on this double lot with 90' of water frontage! This wooded parcel offers a lot of privacy where you can enjoy the natural beauty and wildlife of Lake Wildwood.  Sits at the end of a cul-de-sac with with common/HOA land on one side = no neighbors. Build a dock, bring your boat and let the good times roll! Boating, fishing, skiing, swimming off the boat or at the beautiful beach or pool. This private, gated community has 24 hour security and offers it all. Paradise awaits, and only 2 hours from the Chicago area!  Opportunities like this don't often become available - so take advantage and check out Lake Wildwood! You'll be glad you did.
Unit Size
-
Days on Market
-
Land Size
1.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
$15
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 #11613711)

Price History

Date / Event Date Event Price
Nov 28, 2022 Sold
Premium
Sold
Aug 25, 2022 Listed by RE/MAX 10 $19,900
Listed by RE/MAX 10

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: 24,783
  • 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: V
  • Subdivision: LAKE WILDWOOD > 10K
  • Land Acres: 0000000568
  • Standard Land Use Code: 8001
  • County Land Use Code: 1230
  • Legal Description 1: LOT 871 LAKE WILDWOOD. LOT SIZE: 70X 353X 50X 280

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 961100

Geography

  • Parcel: 05-13-253-025
  • Lot: 871
  • Municipality: HOPEWELL
  • Latitude: 41.0649
  • Longitude: -89.2831

    Address

  • Full Address: 871 Oak Crest Dr
  • Address - House Number: 871
  • Address - Street Name: Oak Crest
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Varna
  • Carrier Code: R002
  • 4-Digit Zip Code: 9464
  • Zip Code: 61375

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,700
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: HO004

    Market Valuation

  • Market Total Value: $4,233
  • Market Land Value: $4,233

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,411
  • Assessed Land Value: $1,411
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 Marshall

Stats & Trends

Median Asking:

$200,000

Sale Price/ft²

$118

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1594 ft²

Average Home Age

65.8 years

Currently For Sale

20 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: Jack Wolf, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 11613711
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 871 Oak Crest Drive built and last sold?
The property at 871 Oak Crest Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 871 Oak Crest Drive is $0.
What are some comparable homes to 871 Oak Crest Drive?
There are currently no comparable homes to 871 Oak Crest Drive.
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