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Morris 60450
2620 Switch Grass Road
$325,000
● House - Off Market

2620 Switch Grass Road

Morris, IL 60450
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,750 Ft²
$1,933
Est. Monthly
$6
HOA / Fees
7.67%
Cap Rate

About This Property

Hard-to-find layout and unique architectural style in the desirable Fields of Saratoga subdivision. More details coming soon.
Unit Size
1,750 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$180
Property Type
House
Property Taxes
$380
HOA Dues
$6
Year Built
1994

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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 #12154347)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Sep 4, 2024 Listed by @properties Christie's International Real Estate $315,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • 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: 10,454
  • Total Building Area: 1,721
  • Gross Building Area: 1,721
  • Building Area: 1,721
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,216
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIELDS OF SARATOGA
  • Land Acres: 0000000240
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: FIELDS OF SARATOGA LT 19 SEC 33-34-7

Neighborhood

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

Geography

  • District: 15
  • Parcel: 02-33-104-022
  • Lot: 19
  • Meridian: SEC 33 TWN 34N RNG 07W
  • Municipality: SARATOGA TOWNSHIP
  • Latitude: 41.3846
  • Longitude: -88.439

    Address

  • Full Address: 2620 Switch Grass Rd
  • Address - House Number: 2620
  • Address - Street Name: Switch Grass
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Morris
  • Carrier Code: R004
  • 4-Digit Zip Code: 8477
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $535,316
  • Tax Rate Code Area: 15002

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 261,693
  • High Value: 310,136
  • Low Value: 213,251

    Market Valuation

  • Market Total Value: $221,292
  • Market Land Value: $43,245
  • Market Improvement Value: $178,047

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,764
  • Assessed Land Value: $14,415
  • Assessed Improvements Value: $59,349

    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.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Stephanie Malmquist, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12154347
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 2620 Switch Grass Road built and last sold?
The property at 2620 Switch Grass Road was built in 1994 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2620 Switch Grass Road is $0.
What are some comparable homes to 2620 Switch Grass Road?
There are currently no comparable homes to 2620 Switch Grass Road.
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