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Morris 60450
1361 PARK Boulevard
$110,000
● House - Off Market

1361 PARK Boulevard

MORRIS, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$258,748
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

NEW PRICE!!  OWNER SAID SELL! TOTAL REHAB 2008. BRICK RANCH WITH PARTIAL BASEMENT. ALL NEW KITCHEN AND NEW 1/2 BATH. MAIN BATH NEW VANITY, TOILET, FLOOR. ALL NEW FLOORING THROUGHOUT. NEW HI EFFICIENT FURNACE, NEW CENTRAL AIR. WINDOWS 8 YRS OLD. 2 CAR GARAGE. FRESHLY PAINTED INTERIOR AND EXTERIOR. CLOSE TO SCHOOLS. MOVE IN READY.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1960

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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 #07956107)

Price History

Date / Event Date Event Price
Oct 17, 2012 Sold
Premium
Sold
Dec 4, 2011 Listed by Advantage Realty, Inc $119,900
Listed by Advantage Realty, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 7,841
  • Lot Size Depth Feet: 730
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,360
  • Gross Building Area: 1,360
  • Building Area: 1,360
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HI-PARK SUBDIVISION
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HI PARK SUB LT 8 SEC 4-33-7

Neighborhood

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

Geography

  • District: 12
  • Parcel: 05-04-106-001
  • Lot: 8
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3699
  • Longitude: -88.4365

    Address

  • Full Address: 1361 Park Blvd
  • Address - House Number: 1361
  • Address - Street Name: Park
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Morris
  • Carrier Code: C006
  • 4-Digit Zip Code: 1248
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $479,056
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 70
  • Final Value: 224,989
  • High Value: 273,615
  • Low Value: 176,363

    Market Valuation

  • Market Total Value: $183,633
  • Market Land Value: $42,621
  • Market Improvement Value: $141,012

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,211
  • Assessed Land Value: $14,207
  • Assessed Improvements Value: $47,004

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Oct 25, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 533036
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# 07956107
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 1361 Park Boulevard built and last sold?
The property at 1361 Park Boulevard was built in 1960 and last sold on Jan 1, 1970 for $110,000.
How much is this home worth?
The estimated value of the home located at 1361 Park Boulevard is $121,099.
What are some comparable homes to 1361 Park Boulevard?
There are currently no comparable homes to 1361 Park Boulevard.
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