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Morris 60450
1805 Schubert Drive
$271,350
● House - Off Market

1805 Schubert Drive

Morris, IL 60450
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,912 Ft²
$1,890
Est. Monthly
12.92%
Cap Rate

About This Property

Put this home on your Christmas List! 4 Bedroom, 2 full and 1 half bath, 2 car garage, unfinished basement all in Saratoga School District. Spacious master suite with full bathroom.  Sun-filled living room. Huge backyard and deck. Fantastic for family fun and entertaining.
Unit Size
1,912 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$144
Property Type
House
Property Taxes
$539
HOA Dues
-
Year Built
2003

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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.

Last updated: 3 years ago (MRED MLS #11941070)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold
Premium
Sold
Dec 5, 2023 Listed by Keller Williams Realty Infinity $275,000
Listed by Keller Williams Realty Infinity

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 10,019
  • Total Building Area: 1,912
  • Gross Building Area: 1,912
  • Building Area: 1,912
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,912
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRISTOL POINTE SUBDIVISION
  • Land Acres: 0000000230
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BRISTOL POINTE SUB 2ND ADD LT 25 SEC 32-34-7

Neighborhood

  • School District Name: Saratoga Community Consolidated School District 60C
  • Census Tract: 000200

Geography

  • District: 15
  • Parcel: 02-32-402-018
  • Lot: 25
  • Meridian: SEC 32 TWN 34N RNG 07W
  • Municipality: SARATOGA TOWNSHIP
  • Latitude: 41.3769
  • Longitude: -88.4478

    Address

  • Full Address: 1805 Schubert Dr
  • Address - House Number: 1805
  • Address - Street Name: Schubert
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morris
  • Carrier Code: R008
  • 4-Digit Zip Code: 3647
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $690,248
  • Tax Rate Code Area: 15002

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 73
  • Final Value: 310,027
  • High Value: 371,195
  • Low Value: 248,859

    Market Valuation

  • Market Total Value: $285,339
  • Market Land Value: $47,040
  • Market Improvement Value: $238,299

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $95,113
  • Assessed Land Value: $15,680
  • Assessed Improvements Value: $79,433

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Feb 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 623808
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:

$301,000

Sale Price/ft²

$173

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1987 ft²

Average Home Age

60.2 years

Currently For Sale

27 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

Rentals Near You

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MRED

Listed by: Christy Schmaedeke, Keller Williams Realty Infinity
Last Updated: 3 years ago
Data Source: MRED, MLS# 11941070
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 1805 Schubert Drive built and last sold?
The property at 1805 Schubert Drive was built in 2003 and last sold on Jan 31, 2024 for $271,350.
How much is this home worth?
The estimated value of the home located at 1805 Schubert Drive is $279,822.
What are some comparable homes to 1805 Schubert Drive?
There are currently no comparable homes to 1805 Schubert Drive.
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