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Morris 60450
2410 Parklake Drive
$245,000
● House - Off Market

2410 Parklake Drive

Morris, IL 60450
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,924 Ft²
$1,556
Est. Monthly
13.14%
Cap Rate

About This Property

Motivated sellers! Ready for retirement and relocation! One owner home in the Saratoga school district! Offering 4 bedrooms and 2 1/2 baths. Baths conveniently located on both levels of this home.  Both living and family rooms for entertaining, the family room walks out to the back yard with swimming pool. All appliances remain. The central air is 2 years young, the furnace was replaced in December of 2024. All windows replaced in the last 7 years. Sellers are prepared to move to accomadate your relocation schedule! Priced to sell!
Unit Size
1,924 Ft²
Days on Market
-
Land Size
-
Price per sqft
$130
Property Type
House
Property Taxes
$328
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,924
  • Gross Building Area: 1,924
  • Building Area: 1,924
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHCREST SUBDIVISION
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: NORTHCREST SUB LT 54 SEC 33-34-7

Neighborhood

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

Geography

  • District: 15
  • Parcel: 02-33-204-015
  • Lot: 54
  • Meridian: SEC 33 TWN 34N RNG 07W
  • Municipality: SARATOGA TOWNSHIP
  • Latitude: 41.3833
  • Longitude: -88.4279

    Address

  • Full Address: 2410 Parklake Dr
  • Address - House Number: 2410
  • Address - Street Name: Parklake
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morris
  • Carrier Code: C009
  • 4-Digit Zip Code: 1036
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $439,086
  • Tax Rate Code Area: 15002

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 244,902
  • High Value: 290,236
  • Low Value: 199,568

    Market Valuation

  • Market Total Value: $181,512
  • Market Land Value: $28,269
  • Market Improvement Value: $153,243

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,504
  • Assessed Land Value: $9,423
  • Assessed Improvements Value: $51,081

    Exemptions

  • Homeowner Exemption: Yes
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
Data Source: MRED, MLS# MRD12349653
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 2410 Parklake Drive built and last sold?
The property at 2410 Parklake Drive was built in 1986 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2410 Parklake Drive is $256,835.
What are some comparable homes to 2410 Parklake Drive?
There are currently no comparable homes to 2410 Parklake Drive.
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