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Mount Morris 61054
314 W Main Street
$190,000
● House - Off Market

314 W Main Street

Mount Morris, IL 61054
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,868 Ft²
$1,144
Est. Monthly
6.88%
Cap Rate

About This Property

New Listing in Mt. Morris! This elegant home of yesteryear is a splendid backdrop for your antiques. Spacious with wonderful detailing and gorgeous wood throughout! Sitting on a double corner lot offers extra galore! 3 bedroom, 1.5 baths, eat in kitchen plus a very large formal dining room!  The living room features a fireplace and also is extra large in size! The primary bedroom has its own fireplace and walk in closet! This immaculate home has been lovingly maintained and is ready for you to move in! The oversized 3 car garage has an extra bonus with walk up attic storage! Close to parks and downtown add to its convenience. Just a few blocks off of Rt 64 it is in a great location! Call today for your private showing!
Unit Size
1,868 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$102
Property Type
House
Property Taxes
$211
HOA Dues
-
Year Built
1918

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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 #11987218)

Price History

Date / Event Date Event Price
May 23, 2024 Sold
Premium
Sold
Feb 22, 2024 Listed by RE/MAX of Rock Valley $189,900
Listed by RE/MAX of Rock Valley

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • 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 Count: 200
  • 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: 18,011
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 1,336
  • Total Building Area: 1,868
  • Building Area: 1,868
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,868
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000413
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: LOTS 8 & 9 BLK 7 VIL MT MORRIS

Neighborhood

  • School District Name: Oregon Community Unit School District 220
  • Census Tract: 960900

Geography

  • District: 16
  • Parcel: 08-27-402-008
  • Block: 7
  • Lot: 8-9
  • Municipality: MT MORRIS
  • Latitude: 42.0488
  • Longitude: -89.441

    Address

  • Full Address: 314 W Main St
  • Address - House Number: 314
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mount Morris
  • Carrier Code: C002
  • 4-Digit Zip Code: 1340
  • Zip Code: 61054

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $253,796
  • Tax Rate Code Area: 1640

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 67
  • Final Value: 147,259
  • High Value: 181,574
  • Low Value: 112,944

    Market Valuation

  • Market Total Value: $108,633
  • Market Land Value: $23,082
  • Market Improvement Value: $85,551

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,211
  • Assessed Land Value: $7,694
  • Assessed Improvements Value: $28,517
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 Mount Morris

Stats & Trends

Median Asking:

$157,000

Sale Price/ft²

$104

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1390 ft²

Average Home Age

78.3 years

Currently For Sale

5 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: Carla Benesh, RE/MAX of Rock Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11987218
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 314 West Main Street built and last sold?
The property at 314 West Main Street was built in 1918 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 314 West Main Street is $0.
What are some comparable homes to 314 West Main Street?
There are currently no comparable homes to 314 West Main Street.
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