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Grundy 60450
1455 N Gorham Road
$346,700
● House - Off Market

1455 N Gorham Road

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$2,119
Est. Monthly
8.25%
Cap Rate

About This Property

Enjoy country living!! Immaculate 3 bedroom, 2 bath ranch home on .99 acre just off West DuPont Rd.  Morris address, Seneca High School and Mazon Grade School.  Located between Mazon, Seneca and Morris.  You will love the upgraded kitchen with center island and built in desk area. Remodel in 2011 of kitchen, dining and living room with hardwood floors and the addition of the see-through gas burning fireplace. Slider to deck and fenced yard.   2020 & 2021 new roof, gutters, updated both bathrooms and installed a new garage door. Main floor utility room.  Full expansive unfinished basement.  Fenced back yard backs up to woods.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$192
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1972

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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

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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: 43,124
  • Total Building Area: 1,708
  • Gross Building Area: 1,708
  • Building Area: 1,708
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,708
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KIMBERLY OAKS SUBDIVISION
  • Land Acres: 0000000990
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: KIMBERLY OAKS SUB LT 2 SEC 25-33-6

Neighborhood

  • School District Name: Seneca Township High School District 160
  • Census Tract: 000500

Geography

  • District: 14
  • Parcel: 04-25-427-003
  • Lot: 2
  • Meridian: SEC 25 TWN 33N RNG 06W
  • Municipality: NORMAN TOWNSHIP
  • Latitude: 41.3045
  • Longitude: -88.4787

    Address

  • Full Address: 1455 N Gorham Rd
  • Address - House Number: 1455
  • Street Direction: N
  • Address - Street Name: Gorham
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Morris
  • Carrier Code: R005
  • 4-Digit Zip Code: 8214
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $553,117
  • Tax Rate Code Area: 14001

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 76
  • Final Value: 260,828
  • High Value: 307,910
  • Low Value: 213,746

    Market Valuation

  • Market Total Value: $210,849
  • Market Land Value: $54,114
  • Market Improvement Value: $156,735

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,283
  • Assessed Land Value: $18,038
  • Assessed Improvements Value: $52,245

    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 Grundy

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$185

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2095 ft²

Average Home Age

33.8 years

Currently For Sale

114 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.
Data Source: MRED, MLS# MRD12311495
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 1455 North Gorham Road built and last sold?
The property at 1455 North Gorham Road was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1455 North Gorham Road is $349,423.
What are some comparable homes to 1455 North Gorham Road?
There are currently no comparable homes to 1455 North Gorham Road.
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