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2290 Lancaster Rd, CHERRY VALLEY, IL 61016

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2290 Lancaster Rd, CHERRY VALLEY, IL 61016

$395,000

Lots and Land Taxes: $3,882.74 Type: Land MLS #: 201702263
Courtesy of:
Gambino Realtors

Description of 2290 Lancaster Rd, CHERRY VALLEY, IL 61016

3.14 acres or (5) bundled properties of prime real estate, sitting north of US 20 (Harrison Ave) in Cherry Valley, IL. Currently there is a duplex on one parcel that generates $1250 of rental income monthly. Duplex could be razed for future development. Zone R3, however Village of Cherry Valley will consider rezoning with board approval. Property has well and septic, however sewer hookup available at lot line, water may be available in future.

Features of 2290 Lancaster Rd, CHERRY VALLEY, IL 61016

  • Elementary school: Cherry Valley Elementary
  • Middle school: Bernard W Flinn Middle
  • High school: Rockford East High
  • School district: Rockford 205
  • Lot acreage is: 3.14
  • Tax year: 2016

Mortgage Payments for 2290 Lancaster Rd, CHERRY VALLEY, IL 61016

The approximate monthly Principal & Interest payment for this property would be $2,011. This payment is based on a 30-year loan at a fixed rate of 3.95 % with a down payment of $39,500. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate, or contact a Mortgage Advisor for expert assistance.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©Rockford Area Association of Realtors, Inc. All rights reserved.