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Mount Morris 61054
14 Orchard Lane
$165,000
● House - Off Market

14 Orchard Lane

Mount Morris, IL 61054
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,300 Ft²
$893
Est. Monthly
16.07%
Cap Rate

About This Property

Charming 2 bedroom, 1 bathroom home in Mt. Morris located on a quiet street and sitting on a spacious .38 acre lot. Step inside to find an inviting kitchen with an eat in area, gorgeous cabinetry, and all appliances included. The lower level is finished and features a bar area and hangout space, perfect for entertaining. You'll also love the spacious finished breezeway that makes an ideal mudroom or bonus living area. An attached 1 car garage adds convenience, and the home has been well maintained and is in great condition. Don't miss your chance to make this move-in ready home yours, call today!
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$123
Property Type
House
Property Taxes
$107
HOA Dues
-
Year Built
-

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • 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: 16,553
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: W148 OF E208 S111.04 OF 608 NE4 SW4 SEC 26-24-9

Neighborhood

  • School District Name: Oregon Community Unit School District 220
  • Census Tract: 960900

Geography

  • District: 16
  • Parcel: 08-26-330-007
  • Meridian: SEC 26 TWN 24 RNG 09
  • Municipality: MT MORRIS
  • Latitude: 42.0481
  • Longitude: -89.4227

    Address

  • Full Address: 14 Orchard Ln
  • Address - House Number: 14
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mount Morris
  • Carrier Code: C003
  • 4-Digit Zip Code: 1216
  • Zip Code: 61054

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $136,608
  • Tax Rate Code Area: 1640

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 74
  • Final Value: 137,039
  • High Value: 163,134
  • Low Value: 110,945

    Market Valuation

  • Market Total Value: $110,052
  • Market Land Value: $18,342
  • Market Improvement Value: $91,710

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,684
  • Assessed Land Value: $6,114
  • Assessed Improvements Value: $30,570
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 Mount Morris

Stats & Trends

Median Asking:

$160,000

Sale Price/ft²

$108

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1404 ft²

Average Home Age

65.3 years

Currently For Sale

4 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: Rebecca Hazzard, RE/MAX of Rock Valley
Data Source: MRED, MLS# MRD12456001
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 14 Orchard Lane built and last sold?
The property at 14 Orchard Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 14 Orchard Lane is $0.
What are some comparable homes to 14 Orchard Lane?
There are currently no comparable homes to 14 Orchard Lane.
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