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Morris 60450
Undisclosed Address
$370,000
● House - Off Market

Undisclosed Address

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,985 Ft²
$2,422
Est. Monthly
6.15%
Cap Rate

About This Property

SOLD...no more showings at this time. Approx 2000 sq ft. ranch style full brick exterior, with a full basement. Beautifully maintained. Incredible custom features including 9 ft. tray ceilings, floor to ceiling fireplace, 3 season sun room-heated. Supersized walk in pantry, stainless appliances, custom painted thru-out. Basement is framed and plumbed for a third bath. Professionally landscaped. Oversized 2 car garage.
Unit Size
1,985 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$605
HOA Dues
-
Year Built
2007

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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 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: 10,019
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,985
  • Gross Building Area: 1,985
  • Building Area: 1,985
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,985
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ISLAND ESTATES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ISLAND ESTATES SUB LT 11 (EX BEG SE COR, NE20.79' NW129.29', SW TO SW COR, SE129.61' TO POB) SEC 32-34-7

Neighborhood

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

Geography

  • District: 15
  • Parcel: 02-32-480-016
  • Lot: 11
  • Meridian: SEC 32 TWN 34N RNG 07W
  • Municipality: SARATOGA TOWNSHIP
  • Latitude: 41.3731
  • Longitude: -88.4423

    Address

  • Full Address: 1377 Michael Ct
  • Address - House Number: 1377
  • Address - Street Name: Michael
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Morris
  • Carrier Code: R008
  • 4-Digit Zip Code: 4003
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $711,766
  • Tax Rate Code Area: 15002

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 74
  • Final Value: 334,608
  • High Value: 398,551
  • Low Value: 270,666

    Market Valuation

  • Market Total Value: $294,234
  • Market Land Value: $23,520
  • Market Improvement Value: $270,714

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $98,078
  • Assessed Land Value: $7,840
  • Assessed Improvements Value: $90,238

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 14, 2015
  • Current Sale Recording Date: Sep 23, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 556955
  • Previous Sale Recording Date: Jan 11, 2013
  • Previous Sale Contract Date: Dec 13, 2012
  • Previous Sale Amount: $222,000
  • 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: Vicki Geiger, RE/MAX Top Properties
Data Source: MRED, MLS# MRD12383002
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 1377 Michael Court built and last sold?
The property at 1377 Michael Court was built in 2007 and last sold on Sep 14, 2015 for $250,000.
How much is this home worth?
The estimated value of the home located at 1377 Michael Court is $0.
What are some comparable homes to 1377 Michael Court?
There are currently no comparable homes to 1377 Michael Court.
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