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Morris 60450
106 Redbud Lane
$320,000
● House - Off Market

106 Redbud Lane

Morris, IL 60450
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,046 Ft²
$318,710
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Beautifully maintained home offering over 3000 sq. ft. of living space. Stunning solid woodwork including cabinets, doors, trim with 2 sets of French doors. Welcoming 11x8 foyer with 2 coat closets, and access to the double 32-foot-deep heated garage. You will appreciate the quality of the 2x6 construction. Lots of storage in the pull-down floored attic. The English basement offers 4 (possible 5th) spacious bedrooms with laundry nearby. Lots of windows for daylight throughout this well cared for home. All appliances remain.   33X14 Family room with an entertainment closet offering a 2nd refrigerator and cabinetry. Family room also offers direct access to your supersized deck.  Immaculately maintained lawn and landscaping.  Roof 2013, Heat and Air 2011.
Unit Size
3,046 Ft²
Days on Market
-
Land Size
-
Price per sqft
$105
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1984

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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 #11846879)

Price History

Date / Event Date Event Price
Oct 27, 2023 Sold
Premium
Sold
Aug 2, 2023 Listed by RE/MAX Top Properties $319,900
Listed by RE/MAX Top Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • 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: 15,246
  • Total Building Area: 1,646
  • Gross Building Area: 1,646
  • Building Area: 1,646
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,046
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HATCHER WOODS SUBDIVISION
  • Land Acres: 0000000350
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HATCHERS WOODS 2ND ADD LT 124 SEC 38-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000400

Geography

  • District: 03
  • Parcel: 05-08-204-004
  • Lot: 124
  • Meridian: SEC 38 TWN 33N RNG 07W
  • Municipality: ERIENNA TOWNSHIP
  • Latitude: 41.3563
  • Longitude: -88.4466

    Address

  • Full Address: 106 Redbud Ln
  • Address - House Number: 106
  • Address - Street Name: Redbud
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Morris
  • Carrier Code: C008
  • 4-Digit Zip Code: 1633
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $566,366
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.1035
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 89
  • Final Value: 313,164
  • High Value: 345,589
  • Low Value: 280,739

    Market Valuation

  • Market Total Value: $203,496
  • Market Land Value: $40,323
  • Market Improvement Value: $163,173

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,832
  • Assessed Land Value: $13,441
  • Assessed Improvements Value: $54,391

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 622268

    Financing

  • First Mortgage Financing Type: ADJ
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 Morris

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$174

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1933 ft²

Average Home Age

59 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

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MRED

Listed by: Vicki Geiger, RE/MAX Top Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11846879
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 106 Redbud Lane built and last sold?
The property at 106 Redbud Lane was built in 1984 and last sold on Oct 18, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 106 Redbud Lane is $333,794.
What are some comparable homes to 106 Redbud Lane?
There are currently no comparable homes to 106 Redbud Lane.
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