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Grundy 60450
2855 Gateway Gorge
$340,000
● House - Off Market

2855 Gateway Gorge

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,144 Ft²
$410,181
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Come home to your own piece of paradise! Located in the Goose Lake Beaver Lake subdivision, you can enjoy all that mother nature can offer.  Feed the deer and turkeys from the comfort of your large deck, or just sit out at night, star gaze, and enjoy the sounds of nature. Set back from the street, this 3 bedroom, 2 full bath "Saltbox" style home offers a wood burning fireplace in the living room, nice kitchen with granite countertops, laundry room, formal dining room that looks out to the deck, and a first floor bedroom.  5.17 acres of partially wooded land. 2 car detached garage. Public access boat ramp nearby. All appliances included. Newer roof and gutters. Shed on the property. Well and septic.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
5.17 acres
Price per sqft
$310
Property Type
House
Property Taxes
$329
HOA Dues
$13
Year Built
1976

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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 #11075740)

Price History

Date / Event Date Event Price
Jul 16, 2021 Sold
Premium
Sold
May 4, 2021 Listed by Coldwell Banker Real Estate Group $354,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • 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: 212,137
  • Total Building Area: 1,144
  • Gross Building Area: 1,144
  • Building Area: 1,144
  • 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: 0000004870
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BEAVER LAKE UNIT 2 LT 36 SEC 21-33-8

Neighborhood

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

Geography

  • District: 04
  • Parcel: 06-21-176-007
  • Lot: 36
  • Meridian: SEC 21 TWN 33N RNG 08W
  • Municipality: FELIX TOWNSHIP
  • Latitude: 41.3288
  • Longitude: -88.3157

    Address

  • Full Address: 2855 Gateway Gorge
  • Legal Unit: 2
  • Address - House Number: 2855
  • Address - Street Name: Gateway Gorge
  • State: IL
  • City Name: Morris
  • Carrier Code: R001
  • 4-Digit Zip Code: 9770
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $525,049
  • Tax Rate Code Area: 4005

    Appraisal Valuation

  • Standard Deviation: 0.1746
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 352,113
  • High Value: 413,614
  • Low Value: 290,613

    Market Valuation

  • Market Total Value: $292,140
  • Market Land Value: $68,799
  • Market Improvement Value: $223,341

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $97,380
  • Assessed Land Value: $22,933
  • Assessed Improvements Value: $74,447

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 14, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 605714
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:

$342,000

Sale Price/ft²

$185

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2094 ft²

Average Home Age

32.3 years

Currently For Sale

113 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: Gerald Shepich, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11075740
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 2855 Gateway Gorge built and last sold?
The property at 2855 Gateway Gorge was built in 1976 and last sold on Jul 14, 2021 for $340,000.
How much is this home worth?
The estimated value of the home located at 2855 Gateway Gorge is $0.
What are some comparable homes to 2855 Gateway Gorge?
There are currently no comparable homes to 2855 Gateway Gorge.
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