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Morris 60450
200 Briar Lane
$240,000
● House - Off Market

200 Briar Lane

MORRIS, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$538,722
RealtyHop Estimate
108.00%
Since Jan 1, 2009
National-US
Primary Model

About This Property

The setting for this charming 3 bed, 2 1/2 bath home is a picturesque, wooded creekside Hatcher Woods Lot. Formal liv & Din rooms, family room has wet bar, fireplace with built in grill. Three spacious bedrooms plus a library are on the 2nd fl. Full basement with exterior access. Optional pool membership. Close to park & walking trails. Call LOF for additional features.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1970

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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

Garage
Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 10,890
  • Total Building Area: 2,480
  • Gross Building Area: 2,480
  • Building Area: 2,480
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,480
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HATCHER WOODS SUBDIVISION
  • Land Acres: 0000000250
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HATCHERS WOODS SUB LT 26 SEC 5-33-7

Neighborhood

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

Geography

  • District: 03
  • Parcel: 05-05-452-014
  • Lot: 26
  • Meridian: SEC 05 TWN 33N RNG 07W
  • Municipality: ERIENNA TOWNSHIP
  • Latitude: 41.358
  • Longitude: -88.4455

    Address

  • Full Address: 200 Briar Ln
  • Address - House Number: 200
  • Address - Street Name: Briar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Morris
  • Carrier Code: C008
  • 4-Digit Zip Code: 1612
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $689,037
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.194
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 334,307
  • High Value: 399,189
  • Low Value: 269,425

    Market Valuation

  • Market Total Value: $247,572
  • Market Land Value: $55,416
  • Market Improvement Value: $192,156

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,524
  • Assessed Land Value: $18,472
  • Assessed Improvements Value: $64,052

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 11, 2021
  • Current Sale Recording Date: Jun 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 604452
  • Previous Sale Recording Date: Mar 01, 2018
  • Previous Sale Contract Date: Mar 01, 2018
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Type:
    Premium
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

Unit for rent at 416 1/2 W Jackson Street, Morris, IL, 60450

$1,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,230 ft²
416 1/2 W Jackson Street, Morris, IL, 60450 Listing by William Hornsby

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joan Bixby, Century 21 Coleman-Hornsby
Data Source: MRED, MLS# MRD06858367
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 200 Briar Lane built and last sold?
The property at 200 Briar Lane was built in 1970 and last sold on Mar 11, 2021 for $275,000.
How much is this home worth?
The estimated value of the home located at 200 Briar Lane is $290,171.
What are some comparable homes to 200 Briar Lane?
There are currently no comparable homes to 200 Briar Lane.
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