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Marshall 61375
977 Oak Crest Drive
$125,000
● House - Off Market

977 Oak Crest Drive

Varna, IL 61375
bedrooms
2 Beds
bathrooms
3 Baths
square feet
1,800 Ft²
$149,060
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Looking for to transform a house into your own look no further- This 3 bedroom 3 full bath home has great bones and a lot to offer. Located in gated lake community, Lake Wildwood. Enjoy all the lake has to offer 2 lakes great for fishing and boating, 2 beaches, pool, marina, clubhouse, multiple parks and picnicking areas, and so much more. Home does include adjacent lot 978- 2 HOA fee. All offers subject to lake wildwood rules, covenants, and rights of first refusal.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$83
Property Type
House
Property Taxes
$220
HOA Dues
$73
Year Built
1990

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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 #11831186)

Price History

Date / Event Date Event Price
Aug 25, 2023 Sold
Premium
Sold
Jul 13, 2023 Listed by Local Realty Group, Inc. $149,900
Listed by Local Realty Group, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,271
  • Lot Size Depth Feet: 2,010
  • Lot Size Frontage Feet: 710
  • Total Building Area: 1,288
  • Gross Building Area: 1,288
  • Building Area: 1,288
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE WILDWOOD
  • Land Acres: 0000000328
  • Standard Land Use Code: 1999
  • County Land Use Code: 1340
  • Legal Description 1: LOT 977 LAKE WILDWOOD. LOT SIZE: 71 X 201

Neighborhood

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

Geography

  • Parcel: 05-13-255-010
  • Lot: 977
  • Municipality: HOPEWELL
  • Latitude: 41.0652
  • Longitude: -89.2858

    Address

  • Full Address: 977 Oak Crest Dr
  • Address - House Number: 977
  • Address - Street Name: Oak Crest
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Varna
  • Carrier Code: R002
  • 4-Digit Zip Code: 9463
  • Zip Code: 61375

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $305,310
  • Tax Rate Code Area: HO004

    Appraisal Valuation

  • Standard Deviation: 0.0846
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 93
  • Final Value: 140,807
  • High Value: 152,727
  • Low Value: 128,888

    Market Valuation

  • Market Total Value: $157,251
  • Market Land Value: $2,589
  • Market Improvement Value: $154,662

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,417
  • Assessed Land Value: $863
  • Assessed Improvements Value: $51,554

    Exemptions

  • Senior Citizen Exemption : Yes
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:

$209,000

Sale Price/ft²

$126

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1639 ft²

Average Home Age

66.4 years

Currently For Sale

16 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: Donna Bayler, Local Realty Group, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11831186
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 977 Oak Crest Drive built and last sold?
The property at 977 Oak Crest Drive was built in 1990 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 977 Oak Crest Drive is $0.
What are some comparable homes to 977 Oak Crest Drive?
There are currently no comparable homes to 977 Oak Crest Drive.
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