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Berkeley 60163
1544 Morris Avenue
$199,000
● House - Off Market

1544 Morris Avenue

BERKELEY, IL 60163
bedrooms
5 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,085 Ft²
$354,813
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

This fantastic brick/frame home nestled in Berkeley is a must see! Home boasts beautiful formal living & dining rooms w/wood floors, roomy kitchen with ample workspace & cabinets, 5 bedrooms, 2 full & 2 half bathrooms, full part-finished basement and a 2 car detached garage! In-ground pool. The aesthetic ambiance of this home is amazing! Ready to entertain and enjoy! Home is located close to transportation, schools and shopping. This is a Fannie Mae HomePath property.
Unit Size
2,085 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$96
Property Type
House
Property Taxes
$652
HOA Dues
-
Year Built
1955

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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: 3 years ago (MRED MLS #09001640)

Price History

Date / Event Date Event Price
Dec 11, 2015 Sold
Premium
Sold
Aug 4, 2015 Listed by Casey & Wagner Real Estate $199,900
Listed by Casey & Wagner Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,250
  • Total Building Area: 2,085
  • Gross Building Area: 2,085
  • Building Area: 2,085
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,085
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCCORMACKS WESTMORELAND
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: J W (MCCORMACKS) (WESTMORELAND) SUB IN WH SEC 08-39-12

Neighborhood

  • School District Name: Proviso Township High School District 209
  • Census Tract: 816800

Geography

  • District: 31
  • Parcel: 15-08-112-049-0000
  • Lot: 170,1
  • Meridian: SEC 08 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.8851
  • Longitude: -87.9009

    Address

  • Full Address: 1544 Morris Ave
  • Address - House Number: 1544
  • Address - Street Name: Morris
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Berkeley
  • Carrier Code: C030
  • 4-Digit Zip Code: 1322
  • Zip Code: 60163

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 31028

    Appraisal Valuation

  • Standard Deviation: 0.2372
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 366,377
  • High Value: 453,289
  • Low Value: 279,466

    Market Valuation

  • Market Total Value: $320,010
  • Market Land Value: $39,880
  • Market Improvement Value: $280,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,001
  • Assessed Land Value: $3,988
  • Assessed Improvements Value: $28,013

    Sales

  • Current Sale Contract Date: Nov 02, 2015
  • Current Sale Recording Date: Dec 18, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1535234053
  • Previous Sale Recording Date: Mar 24, 2015
  • Previous Sale Contract Date: Mar 13, 2015
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Berkeley

Stats & Trends

Median Asking:

$326,000

Sale Price/ft²

$248

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1154 ft²

Average Home Age

70.7 years

Currently For Sale

7 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: , Casey & Wagner Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 09001640
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 1544 Morris Avenue built and last sold?
The property at 1544 Morris Avenue was built in 1955 and last sold on Nov 2, 2015 for $199,000.
How much is this home worth?
The estimated value of the home located at 1544 Morris Avenue is $201,899.
What are some comparable homes to 1544 Morris Avenue?
There are currently no comparable homes to 1544 Morris Avenue.
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