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Marshall 61375
884 Fair Haven Drive
$111,500
● Land - Off Market

884 Fair Haven Drive

Varna, IL 61375
bedrooms
Studio
bathrooms
0 Bath
$716
Est. Monthly

About This Property

Beautiful lakefront lot, ready to build your dream home at Lake Wildwood. This lot has minimal slope and plenty of water frontage. A steel seawall has already been installed as well as drainage on the lot. Enjoy the water access and views off of the waterside deck. The abundance of trees ensures optimal privacy and the brick paver drive makes it easy to drive down to the water or building site.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$126
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 #11821601)

Price History

Date / Event Date Event Price
Jun 14, 2024 Sold
Premium
Sold
Jul 1, 2023 Listed by Local Realty Group, Inc. $120,000
Listed by Local Realty Group, Inc.

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: 26,493
  • 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: 0000000608
  • Standard Land Use Code: 8001
  • County Land Use Code: 1030
  • Legal Description 1: LOT 884 LAKE WILDWOOD. LOT SIZE: 57X 321X 77X 250

Neighborhood

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

Geography

  • Parcel: 05-13-253-012
  • Lot: 884
  • Municipality: HOPEWELL
  • Latitude: 41.0672
  • Longitude: -89.2834

    Address

  • Full Address: 884 Fair Haven Dr
  • Address - House Number: 884
  • Address - Street Name: Fair Haven
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Varna
  • Carrier Code: R002
  • 4-Digit Zip Code: 9554
  • Zip Code: 61375

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $157,966
  • Tax Rate Code Area: HO004

    Market Valuation

  • Market Total Value: $68,943
  • Market Land Value: $68,943

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,981
  • Assessed Land Value: $22,981
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:

$209,450

Sale Price/ft²

$118

Below Asking

0.03%

Average Days on Market

58

Average Home Size

1681 ft²

Average Home Age

67.2 years

Currently For Sale

18 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

Rentals Near You

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MRED

Listed by: Bethany Coleman, Local Realty Group, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11821601
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 884 Fair Haven Drive built and last sold?
The property at 884 Fair Haven 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 884 Fair Haven Drive is $0.
What are some comparable homes to 884 Fair Haven Drive?
There are currently no comparable homes to 884 Fair Haven Drive.
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