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Morris 60450
114 CANDLELIGHT Lane
$229,000
● House - Off Market

114 CANDLELIGHT Lane

MORRIS, IL 60450
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,865 Ft²
$516,563
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

STUNNING RANCH HOME ON A CORNER LOT WITH MULTI LEVEL DECK & POOL. LIVING ROOM HAS CORNER WOODBURNING FIREPLACE & FRENCH DOORS. DINING ROOM HAS HARDWOOD FLOORS, FRENCH DOORS & BOW WINDOW. KITCHEN HAS BEEN UPDATED BEAUTIFULLY. BASEMENT HAS A FAMILY ROOM, KITCHENETTE WITH CENTER ISLAND SNACK BAR, GAME ROOM, ADDITIONAL BR AND A TON OF STORAGE ROOM. TOO MUCH TO MENTION IT IS A MUST SEE!
Unit Size
1,865 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1979

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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 #08006481)

Price History

Date / Event Date Event Price
Jun 28, 2012 Sold
Premium
Sold
Feb 28, 2012 Listed by Advantage Realty, Inc $239,900
Listed by Advantage Realty, Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 2,059
  • Gross Building Area: 2,059
  • Building Area: 2,059
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,059
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MISSION HILL SECOND SUBDIVISION
  • Land Acres: 0000000280
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: MISSION HILLS 2ND SUB LT 34 SEC 33-34-7

Neighborhood

  • School District Name: Saratoga Community Consolidated School District 60C
  • Census Tract: 000200

Geography

  • District: 15
  • Parcel: 02-33-178-004
  • Lot: 34
  • Meridian: SEC 33 TWN 34N RNG 07W
  • Municipality: SARATOGA TOWNSHIP
  • Latitude: 41.3794
  • Longitude: -88.4337

    Address

  • Full Address: 114 Carriage Dr
  • Address - House Number: 114
  • Address - Street Name: Carriage
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morris
  • Carrier Code: C007
  • 4-Digit Zip Code: 1004
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $563,437
  • Tax Rate Code Area: 15002

    Appraisal Valuation

  • Standard Deviation: 0.1944
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 74
  • Final Value: 286,776
  • High Value: 342,532
  • Low Value: 231,021

    Market Valuation

  • Market Total Value: $232,917
  • Market Land Value: $45,525
  • Market Improvement Value: $187,392

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,639
  • Assessed Land Value: $15,175
  • Assessed Improvements Value: $62,464

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 19, 2023
  • Current Sale Recording Date: May 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 619322
  • Previous Sale Recording Date: Sep 08, 2016
  • Previous Sale Contract Date: Jul 21, 2016
  • Previous Sale Amount: $199,000
  • Previous Sale Document Type: 71
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:

$307,000

Sale Price/ft²

$174

Below Asking

0.02%

Average Days on Market

43

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

Rentals Near You

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MRED

Listed by: Stephen Barr, Advantage Realty, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 08006481
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 114 Candlelight Lane built and last sold?
The property at 114 Candlelight Lane was built in 1979 and last sold on Apr 19, 2023 for $287,000.
How much is this home worth?
The estimated value of the home located at 114 Candlelight Lane is $0.
What are some comparable homes to 114 Candlelight Lane?
There are currently no comparable homes to 114 Candlelight Lane.
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