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Morris 60450
2103 LOCUST ROAD
$335,000
● House - Off Market

2103 LOCUST ROAD

MORRIS, IL 60450
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,900 Ft²
$588,123
RealtyHop Estimate
70.52%
Since Mar 1, 2007
National-US
Primary Model

About This Property

DON'T MISS THIS GREAT OPPORTUNITY! APPROX. 2900 SQ FT OF NEW CONSTRUCTION. 5 BDRM(1 ON MAIN FLR)3 FULL BATHS.CUSTOM CABINETS IN LARGE EAT-IN KITCHEN. FULL BSMNT & 3 CAR GARAGE. 1 YR BUILDERS WARRANTY. READY FOR OCCUPANCY.
Unit Size
2,900 Ft²
Days on Market
-
Land Size
-
Price per sqft
$119
Property Type
House
Property Taxes
$22
HOA Dues
-
Year Built
2006

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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

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Total Rooms: 10
  • Bedroom Count: 5
  • 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: 16,988
  • Total Building Area: 2,844
  • Gross Building Area: 2,844
  • Building Area: 2,844
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,844
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROCKWELL ESTATES SUBDIVISION SECOND ADDI
  • Land Acres: 0000000390
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ROCKWELL ESTATES SUB 2ND ADD LT 110 SEC 31-34-7

Neighborhood

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

Geography

  • District: 15
  • Parcel: 02-31-428-010
  • Lot: 110
  • Meridian: SEC 31 TWN 34N RNG 07W
  • Municipality: SARATOGA TOWNSHIP
  • Latitude: 41.3754
  • Longitude: -88.4633

    Address

  • Full Address: 2103 Locust Rd
  • Address - House Number: 2103
  • Address - Street Name: Locust
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Morris
  • Carrier Code: R003
  • 4-Digit Zip Code: 3646
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $943,428
  • Tax Rate Code Area: 15002

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 76
  • Final Value: 447,232
  • High Value: 527,028
  • Low Value: 367,435

    Market Valuation

  • Market Total Value: $390,000
  • Market Land Value: $47,040
  • Market Improvement Value: $342,960

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $130,000
  • Assessed Land Value: $15,680
  • Assessed Improvements Value: $114,320

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 01, 2021
  • Current Sale Recording Date: Jul 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 605385
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:

$305,000

Sale Price/ft²

$173

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1910 ft²

Average Home Age

60.8 years

Currently For Sale

21 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: Vicki Geiger, RE/MAX Top Properties
Data Source: MRED, MLS# MRD06327434
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 2103 Locust Road built and last sold?
The property at 2103 Locust Road was built in 2006 and last sold on Jul 1, 2021 for $389,000.
How much is this home worth?
The estimated value of the home located at 2103 Locust Road is $392,890.
What are some comparable homes to 2103 Locust Road?
There are currently no comparable homes to 2103 Locust Road.
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