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Grundy 60450
2905 W Minooka Road
$380,000
● House - Off Market

2905 W Minooka Road

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,164 Ft²
$382,599
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

****Sold before Print****  Exceptionally well maintained home. 2 detached 3 car garages are certainly to be the envy of all your friends.  One is insulated, dry walled and heated.
Unit Size
2,164 Ft²
Days on Market
-
Land Size
1.75 acres
Price per sqft
$178
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1972

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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 #11727924)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Feb 26, 2023 Listed by Advantage Realty, Inc $385,000
Listed by Advantage Realty, Inc

Property Highlights

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 5
  • 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: 70,132
  • Total Building Area: 1,620
  • Gross Building Area: 1,620
  • Building Area: 1,620
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,620
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001610
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COMM NE CORNER OF SEC 7, TH W ALONG THE N LINE OF SEC 7 4612.07' TO THE POB, TH SE 25', TH SE 238.58', TH W 290.00', TH N W 2

Neighborhood

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

Geography

  • District: 15
  • Parcel: 02-07-100-017
  • Meridian: SEC 07 TWN 34N RNG 07W
  • Municipality: SARATOGA TOWNSHIP
  • Latitude: 41.4432
  • Longitude: -88.4796

    Address

  • Full Address: 2905 W Minooka Rd
  • Address - House Number: 2905
  • Street Direction: W
  • Address - Street Name: Minooka
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Morris
  • Carrier Code: R004
  • 4-Digit Zip Code: 8765
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $580,415
  • Tax Rate Code Area: 15001

    Appraisal Valuation

  • Standard Deviation: 0.1084
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 89
  • Final Value: 373,753
  • High Value: 414,291
  • Low Value: 333,215

    Market Valuation

  • Market Total Value: $262,323
  • Market Land Value: $33,738
  • Market Improvement Value: $228,585

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,441
  • Assessed Land Value: $11,246
  • Assessed Improvements Value: $76,195

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2023
  • Current Sale Recording Date: Oct 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 621838
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

$184

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2065 ft²

Average Home Age

35.2 years

Currently For Sale

112 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: Stephen Barr, Advantage Realty, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11727924
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 2905 West Minooka Road built and last sold?
The property at 2905 West Minooka Road was built in 1972 and last sold on Sep 25, 2023 for $380,000.
How much is this home worth?
The estimated value of the home located at 2905 West Minooka Road is $0.
What are some comparable homes to 2905 West Minooka Road?
There are currently no comparable homes to 2905 West Minooka Road.
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