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Morris 60450
2385 Chestnut Lane
$234,000
● House - Off Market

2385 Chestnut Lane

Morris, IL 60450
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,016 Ft²
$228,646
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Lots of opportunity in this spacious  home.  3 large bedrooms with walk in closets.  3 full baths.   Large living room with fireplace. 2.5 attached garage, nice size yard, Saratoga school district . Needs TLC, though a great opportunity for your future home or investment. Newer windows  and 10 year young roof.
Unit Size
2,016 Ft²
Days on Market
-
Land Size
-
Price per sqft
$114
Property Type
House
Property Taxes
$466
HOA Dues
-
Year Built
1986

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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 #11886596)

Price History

Date / Event Date Event Price
Oct 24, 2023 Sold
Premium
Sold
Sep 18, 2023 Listed by RE/MAX Top Properties $229,500
Listed by RE/MAX Top Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • 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: 9,148
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,016
  • Gross Building Area: 2,016
  • Building Area: 2,016
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOULDER HILL SUBDIVISION
  • Land Acres: 0000000210
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: BOULDER HILL SUB LT 14 SEC 33-34-7

Neighborhood

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

Geography

  • District: 15
  • Parcel: 02-33-255-002
  • Lot: 14
  • Meridian: SEC 33 TWN 34N RNG 07W
  • Municipality: SARATOGA TOWNSHIP
  • Latitude: 41.382
  • Longitude: -88.4284

    Address

  • Full Address: 2385 Chestnut Ln
  • Address - House Number: 2385
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Morris
  • Carrier Code: C009
  • 4-Digit Zip Code: 1077
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $558,713
  • Tax Rate Code Area: 15002

    Appraisal Valuation

  • Standard Deviation: 0.1021
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 90
  • Final Value: 231,095
  • High Value: 254,698
  • Low Value: 207,493

    Market Valuation

  • Market Total Value: $230,964
  • Market Land Value: $34,215
  • Market Improvement Value: $196,749

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,988
  • Assessed Land Value: $11,405
  • Assessed Improvements Value: $65,583

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Nov 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 622316
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

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MRED

Listed by: Vicki Geiger, RE/MAX Top Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11886596
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 2385 Chestnut Lane built and last sold?
The property at 2385 Chestnut Lane was built in 1986 and last sold on Oct 18, 2023 for $234,000.
How much is this home worth?
The estimated value of the home located at 2385 Chestnut Lane is $0.
What are some comparable homes to 2385 Chestnut Lane?
There are currently no comparable homes to 2385 Chestnut Lane.
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