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    1701 Old Park Ln Belleville, IL 62226

    Sponsored
    For Sale
    $1,230,000

    Gated community, 41 residential lots, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Discover an exceptional investment opportunity: The Villas at Cobblestone Park, a meticulously planned gated community in Swansea, Illinois, featuring 41 improved residential lots ideally suited for single-family homes and villas. This prime piece of land presents a unique chance to acquire a substantial portfolio of buildable lots in a highly desirable area. The community boasts a convenient location, just minutes from Interstate 64, providing easy access to major transportation routes. Residents will also appreciate the close proximity to St. Clair Square, offering a variety of shopping and dining options. The HOA manages exterior maintenance, ensuring hassle-free living for future homeowners. Each lot is ready for development, presenting a streamlined path to construction and immediate revenue generation. The property is zoned for residential use, ensuring compliance and facilitating a smooth building process. This is a rare opportunity to acquire a significant land holding in a thriving community, offering both immediate and long-term investment potential. The asking price for the entire property is $1,230,000. The address is 1701 Old Park Ln, Swansea, IL 62226.

    Property Features for 1701 Old Park Ln

    General Information

    Property type
    Land

    HighLights

    • 41 improved residential lots in a gated community.
    • Located in the desirable Swansea, IL area, minutes from I‑64.
    • Close proximity to St. Clair Square for shopping and dining.
    • HOA manages exterior maintenance.
    • Lots are ready for immediate development, zoned for residential use.
    • Asking price: $1,230,000. Address: 1701 Old Park Ln, Swansea, IL 62226.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0023294
    Latitude
    38.5604742

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    FAQs

    What type of property is this?
    Land - Gated community, 41 residential lots, prime location.
    Where is this land located?
    The property is located at 1701 Old Park Ln Belleville, IL.
    What is the asking price?
    The asking price for this property is $1,230,000.
    What are key features of this property?
    This property features: 41 improved residential lots in a gated community.; Located in the desirable Swansea, IL area, minutes from I-64.; Close proximity to St. Clair Square for shopping and dining.
    Request Owner's contact information
    1701 Old Park Ln Belleville, IL 62226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1701 Old Park Ln Belleville, IL 62226
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