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Bement 61813
249 W Morris Street
$14,000
● Land - Off Market

249 W Morris Street

Bement, IL 61813
bedrooms
Studio
bathrooms
0 Bath
$103
Est. Monthly

About This Property

Great lot to build your dream home! There is currently a mobile home on the site. Mobile home stays and is sold "as-is".
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$29
HOA Dues
-
Year Built
-

Payment Calculator

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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 #12033815)

Price History

Date / Event Date Event Price
Jul 31, 2024 Sold
Premium
Sold
Jul 17, 2024 In contract -
In contract
Apr 19, 2024 Listed by Taylor Realty Associates $14,900
Listed by Taylor Realty Associates

Property Highlights

Building Info

Overview

    General

  • 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: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BLK A LOT 3 ORIGINAL TOWN OF BEMENT 62 4 32

Neighborhood

  • School District Name: Bement Community Unit School District 5
  • Census Tract: 954700

Geography

  • District: 01
  • Parcel: 01-00-07-000-002-00
  • Block: A
  • Lot: 3
  • Municipality: BEMENT TOWNSHIP
  • Latitude: 39.9249
  • Longitude: -88.5758

    Address

  • Full Address: 249 W Franklin St
  • Address - House Number: 249
  • Street Direction: W
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bement
  • Carrier Code: C002
  • 4-Digit Zip Code: 1023
  • Zip Code: 61813

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $30,530
  • Tax Rate Code Area: 01001

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: May 31, 2023
  • Confidence Score: 76
  • Final Value: 77,674
  • High Value: 91,596
  • Low Value: 63,752

    Market Valuation

  • Market Total Value: $57,531
  • Market Land Value: $9,888
  • Market Improvement Value: $47,643

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,177
  • Assessed Land Value: $3,296
  • Assessed Improvements Value: $15,881

    Exemptions

  • Senior Citizen Exemption : Yes
  • 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 Bement

Stats & Trends

Median Asking:

$192,400

Sale Price/ft²

$108

Below Asking

0.02%

Average Days on Market

49

Average Home Size

1546 ft²

Average Home Age

77.3 years

Currently For Sale

6 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: Nick Taylor, Taylor Realty Associates
Last Updated: 3 years ago
Data Source: MRED, MLS# 12033815
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 249 West Morris Street built and last sold?
The property at 249 West Morris Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 249 West Morris Street is $0.
What are some comparable homes to 249 West Morris Street?
There are currently no comparable homes to 249 West Morris Street.
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