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Grundy 60450
2800 Gateway Gorge
$410,000
● House - Off Market

2800 Gateway Gorge

Morris, IL 60450
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,386 Ft²
$397,759
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Beautiful wooded 4.77 acre waterfront lot on Beaver Lake! Drive down your long private lane to your very own lake paradise! This 4.77 acre property has a 3 bed, 2 bath and a half split level ranch with a stunning view of Beaver Lake. This is a great opportunity to make your beautiful lakefront estate! Enjoy your lake access from our very own dock on a very wide portion of Beaver lake. The property also has a small barn with lean to for lots of storage and the barn also has horse stalls. This property is a beautiful canvas for making your very own private lake estate. Call now for your private showing!
Unit Size
1,386 Ft²
Days on Market
-
Land Size
4.77 acres
Price per sqft
$289
Property Type
House
Property Taxes
$328
HOA Dues
$13
Year Built
1973

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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.

Last updated: 3 years ago (MRED MLS #11822698)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Jul 3, 2023 Listed by Coldwell Banker Real Estate Group $400,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 4
  • 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: 207,781
  • Total Building Area: 1,200
  • Gross Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: T

    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
  • Subdivision: BEAVER LAKE
  • Land Acres: 0000004770
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BEAVER LAKE UNIT 2 LT 29 SEC 21-33-8

Neighborhood

  • School District Name: Coal City Community Unit School District 1
  • Census Tract: 000700

Geography

  • District: 04
  • Parcel: 06-21-201-007
  • Lot: 29
  • Meridian: SEC 21 TWN 33N RNG 08W
  • Municipality: FELIX TOWNSHIP
  • Latitude: 41.3281
  • Longitude: -88.3111

    Address

  • Full Address: 2800 Gateway Gorge
  • Legal Unit: 2
  • Address - House Number: 2800
  • Address - Street Name: Gateway Gorge
  • State: IL
  • City Name: Morris
  • Carrier Code: R001
  • 4-Digit Zip Code: 9769
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $738,373
  • Tax Rate Code Area: 4005

    Appraisal Valuation

  • Standard Deviation: 0.1037
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 89
  • Final Value: 397,661
  • High Value: 438,911
  • Low Value: 356,411

    Market Valuation

  • Market Total Value: $410,835
  • Market Land Value: $74,235
  • Market Improvement Value: $336,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $136,945
  • Assessed Land Value: $24,745
  • Assessed Improvements Value: $112,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 621392
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 Grundy

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$185

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2095 ft²

Average Home Age

33.8 years

Currently For Sale

114 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: Andrew Cook, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11822698
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 2800 Gateway Gorge built and last sold?
The property at 2800 Gateway Gorge was built in 1973 and last sold on Aug 30, 2023 for $410,000.
How much is this home worth?
The estimated value of the home located at 2800 Gateway Gorge is $397,965.
What are some comparable homes to 2800 Gateway Gorge?
There are currently no comparable homes to 2800 Gateway Gorge.
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