$299,000
●
House -
Off Market
1530 Lake Drive
Morris, IL 60450
3 Beds
2 Baths
1,600 Ft²
$325,532
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
**$5000 price drop!!!! Beautiful, Move In Ready Ranch Home with 3
Bedrooms and 2 Baths Plus Full Basement! Large Living Room with
Vaulted Ceiling and Gas Fireplace! Spacious Eat in Kitchen with
Maple Cabinets, Ceramic Tile and All Appliances Stay! Master
Bedroom Suite features Private Bathroom and Walk in Closet! Main
Floor Laundry with Washer and Dryer included! 2 Car Heated Garage
with pull down Attic Stairs for additional storage! Concrete Patio!
24ft Pool Was Removed and Yard Is Ready For a New One if Desired! -
Electric and Gas Are Already Run for Easy Pool Hookup. Electric Dog
Fence Installed. New Sump Pump in 2022, New Water Heater 2020. This
Home Will Not Last! ***$1000 seller credit for Living room
flooring. Quick Close Possible!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$196
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
2001
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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: 2 years ago (MRED MLS #11475129)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2022 | Sold | ||
| Sold | |||
| Jul 26, 2022 | Listed by PRG Group, LLC | $313,000 | |
| Listed by PRG Group, LLC | |||
| Jun 10, 2016 | Sold | ||
| Sold | |||
| Apr 8, 2016 | Listed by RE/MAX Ultimate Professionals | $249,900 | |
| Listed by RE/MAX Ultimate Professionals | |||
| | |||
|
Rare Find! Updated 3 Bedroom, 2 Bathroom Ranch Home with Basement! Pristine condition inside and out! Large Great Room with Vaulted Ceiling and Fireplace! Spacious Eat in Kitchen with Maple Cabinets includes All Appliances and Ceramic Flooring! Master Bedroom Suite features Private Bathroom, Walk in Closet! 1st floor Laundry! Ceiling Fans! 2 Car Heated Garage with pull down Attic Stairs for additional storage! Heated Above Ground Pool! Patio! Concrete Driveway! You Won't be Disappointed!
| |||
| Jun 25, 2013 | Sold | ||
| Sold | |||
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Morris
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Currently no similar homes aroundNearby Rentals
Listed by: Jessie Carlson, PRG Group, LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 11475129
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 11475129
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