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Morrison 61270
304 W Park Street
$50,000
● House - Off Market

304 W Park Street

Morrison, IL 61270
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,484 Ft²
$68,112
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Two story home on a large long lot. Original woodwork around doorways, plus crown molding on their 9+ ft ceilings. You have one bedroom on the main floor and 3 upstairs. The kitchen features some built-in drawers with shelving above it, besides the traditional cabinets. Living room has a built-in desk with shelves. Main floor full bath with nearby laundry with stackable washer & dryer. Two small porches off the front and back of the house. Spacious yard with a 10' x 14' shed and room for a garage off the alley. The yard features a large, beautiful tree and two small garden plots. New water heater in 2021, furnace was replaced in 2021. New ceiling fan/light in the dining room. Newer flooring in most parts of the house.
Unit Size
1,484 Ft²
Days on Market
-
Land Size
-
Price per sqft
$40
Property Type
House
Property Taxes
$92
HOA Dues
-
Year Built
-

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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 #11165541)

Price History

Date / Event Date Event Price
Sep 15, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by Kophamer & Blean Realty $60,000
Listed by Kophamer & Blean Realty
Jun 2, 2020 No longer available -
No longer available
Mar 8, 2020 Relisted $59,900
Relisted
Mar 7, 2020 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

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: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • 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
  • Subdivision: MORRISON
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: CITY OF MORRISON W 50' LOT 8 BLK 42 116700X

Neighborhood

  • School District Name: Morrison Community Unit School District 6
  • Census Tract: 000300

Geography

  • Account Number: 85176
  • District: 08
  • Parcel: 0918328008
  • Block: 42
  • Lot: 8
  • Municipality: MT PLEASANT
  • Latitude: 41.8074
  • Longitude: -89.9715

    Address

  • Full Address: 304 W Park St
  • Address - House Number: 304
  • Street Direction: W
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morrison
  • Carrier Code: C001
  • 4-Digit Zip Code: 2318
  • Zip Code: 61270

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $162,528
  • Tax Rate Code Area: 00805

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 66,741
  • High Value: 75,054
  • Low Value: 58,427

    Market Valuation

  • Market Total Value: $57,711
  • Market Land Value: $5,733
  • Market Improvement Value: $51,978

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,237
  • Assessed Land Value: $1,911
  • Assessed Improvements Value: $17,326

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-06531
  • Previous Sale Recording Date: May 23, 2014
  • Previous Sale Contract Date: May 22, 2014
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 71
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 Morrison

Stats & Trends

Median Asking:

$139,500

Sale Price/ft²

$91

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1679 ft²

Average Home Age

101.7 years

Currently For Sale

11 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: Amanda Cook, Kophamer & Blean Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11165541
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 304 West Park Street built and last sold?
The property at 304 West Park Street was built in and last sold on Sep 10, 2021 for $50,000.
How much is this home worth?
The estimated value of the home located at 304 West Park Street is $0.
What are some comparable homes to 304 West Park Street?
There are currently no comparable homes to 304 West Park Street.
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