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Morris 60450
124 Briar Lane
$230,000
● House - Off Market

124 Briar Lane

Morris, IL 60450
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,500 Ft²
$248,358
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

ESTATE SALE.  Very nice ranch with a finished walk out basement located in Hatcher Woods overlooking the creek and wooded area.  Three bedrooms. Full bath and master shower bath. Eat in kitchen includes a breakfast bar, pocket door, pantry and access to large deck. Main floor utility room plus  basement utility room. Full basement. family room with fireplace, bar area and lots of storage space.  Toilet and shower area in the basement storage area.  Optional membership available for use of the subdivision pool.   Attached 2 car garage.  This has been a loved family home and now is ready for you to make it your own. Estate sale. Sold AS IS.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11328841)

Price History

Date / Event Date Event Price
Apr 11, 2022 Sold
Premium
Sold
Feb 19, 2022 Listed by Advantage Realty, Inc $245,000
Listed by Advantage Realty, Inc

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • 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: 11,761
  • Total Building Area: 1,368
  • Gross Building Area: 1,368
  • Building Area: 1,368
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HATCHER WOODS SUBDIVISION
  • Land Acres: 0000000270
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HATCHER WOODS SUB LT 24 SEC 5-33-7

Neighborhood

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

Geography

  • District: 03
  • Parcel: 05-05-452-016
  • Lot: 24
  • Meridian: SEC 05 TWN 33N RNG 07W
  • Municipality: ERIENNA TOWNSHIP
  • Latitude: 41.3584
  • Longitude: -88.4451

    Address

  • Full Address: 124 Briar Ln
  • Address - House Number: 124
  • Address - Street Name: Briar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Morris
  • Carrier Code: C008
  • 4-Digit Zip Code: 1611
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $723,262
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.2499
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 64
  • Final Value: 247,677
  • High Value: 309,580
  • Low Value: 185,774

    Market Valuation

  • Market Total Value: $259,869
  • Market Land Value: $55,416
  • Market Improvement Value: $204,453

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $86,623
  • Assessed Land Value: $18,472
  • Assessed Improvements Value: $68,151

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 11, 2022
  • Current Sale Recording Date: Apr 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 612479
  • Previous Sale Recording Date: Aug 19, 2015
  • Previous Sale Contract Date: Aug 18, 2015
  • Previous Sale Document Type: 69
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

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MRED

Listed by: Joan Eslinger, Advantage Realty, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11328841
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 124 Briar Lane built and last sold?
The property at 124 Briar Lane was built in 1974 and last sold on Apr 11, 2022 for $230,000.
How much is this home worth?
The estimated value of the home located at 124 Briar Lane is $0.
What are some comparable homes to 124 Briar Lane?
There are currently no comparable homes to 124 Briar Lane.
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