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Morris 60450
1435 Lake
$360,000
● House - Off Market

1435 Lake

MORRIS, IL 60450
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,300 Ft²
$646,231
RealtyHop Estimate
72.37%
Since Aug 1, 2007
National-US
Primary Model

About This Property

Fantastic ranch home on lakefront lot in town! Over 4000 sq.ft. of liv.space, including finished walkout bsmnt. Huge master suite w/reading alcove, jacuzzi, separate shower & walk-in closet. Varied ceiling styles: vaulted ceiling in LR, trey ceiling in dining rm. & more. Oak kitchen w/ceramic tile floors. Use lake for fishing and casual boating. Scenic Views
Unit Size
2,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
House
Property Taxes
$650
HOA Dues
-
Year Built
1995

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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: 2 years ago (MRED MLS #06336367)

Price History

Date / Event Date Event Price
Jul 27, 2007 Sold
Premium
Sold
Nov 8, 2006 Listed by Century 21 Coleman-Hornsby $374,900
Listed by Century 21 Coleman-Hornsby

Property Highlights

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • 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: 19,166
  • Total Building Area: 2,138
  • Gross Building Area: 2,138
  • Building Area: 2,138
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,276
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD ESTATES
  • Land Acres: 0000000440
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LAKEWOOD ESTATES 3RD SUB LT 4 (EX BEG NW COR, SE190.47' NE2.32' NW190.62' TO POB) SEC 5-33-7

Neighborhood

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

Geography

  • District: 03
  • Parcel: 05-05-428-029
  • Lot: 4
  • Meridian: SEC 05 TWN 33N RNG 07W
  • Municipality: ERIENNA TOWNSHIP
  • Latitude: 41.3631
  • Longitude: -88.443

    Address

  • Full Address: 1435 Lake Dr
  • Address - House Number: 1435
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morris
  • Carrier Code: C010
  • 4-Digit Zip Code: 2405
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,066,595
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 421,058
  • High Value: 494,201
  • Low Value: 347,914

    Market Valuation

  • Market Total Value: $383,229
  • Market Land Value: $89,712
  • Market Improvement Value: $293,517

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $127,743
  • Assessed Land Value: $29,904
  • Assessed Improvements Value: $97,839

    Exemptions

  • Homeowner Exemption: Yes
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: , Century 21 Coleman-Hornsby
Last Updated: 2 years ago
Data Source: MRED, MLS# 06336367
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 1435 Lake Drive built and last sold?
The property at 1435 Lake Drive was built in 1995 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1435 Lake Drive is $0.
What are some comparable homes to 1435 Lake Drive?
There are currently no comparable homes to 1435 Lake Drive.
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