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Morris 60450
319 Spruce Street
$149,000
● House - Off Market

319 Spruce Street

Morris, IL 60450
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$1,025
Est. Monthly
11.18%
Cap Rate

About This Property

Cozy two bedroom home features hardwood floors, updated bath with ceramic tile shower.  The full basement offers ample storage, laundry including washer & dryer and a home office. Additional living space could be built out. One and a half car detached garage attached by breezeway to home. Kitchen appliances remain.  Newer roof, windows and siding.  Hot water heat for nice even winter temperatures but also includes newer central air.  Walking distance to downtown, parks and Gebhard Woods State Park.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$207
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
1955

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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 #11938652)

Price History

Date / Event Date Event Price
Jan 19, 2024 Sold
Premium
Sold
Dec 4, 2023 Listed by Advantage Realty, Inc. $159,000
Listed by Advantage Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 2,614
  • Total Building Area: 768
  • Gross Building Area: 768
  • Building Area: 768
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HYNDS ADDITION
  • Land Acres: 0000000060
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: HYNDS ADD N1/2 LT 17 BLK 20 SEC 3-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000300

Geography

  • District: 12
  • Parcel: 05-03-382-013
  • Block: 20
  • Lot: 17
  • Meridian: SEC 03 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3589
  • Longitude: -88.4142

    Address

  • Full Address: 319 Spruce St
  • Address - House Number: 319
  • Address - Street Name: Spruce
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C001
  • 4-Digit Zip Code: 2333
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $292,649
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.2101
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 169,494
  • High Value: 205,111
  • Low Value: 133,877

    Market Valuation

  • Market Total Value: $112,179
  • Market Land Value: $17,820
  • Market Improvement Value: $94,359

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,393
  • Assessed Land Value: $5,940
  • Assessed Improvements Value: $31,453

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Jan 19, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 623587
  • Previous Sale Recording Date: Aug 06, 2015
  • Previous Sale Contract Date: Jul 10, 2015
  • Previous Sale Amount: $75,000
  • 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 Morris

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$173

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1910 ft²

Average Home Age

60.8 years

Currently For Sale

21 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

Rentals Near You

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MRED

Listed by: Stephen Barr, Advantage Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11938652
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 319 Spruce Street built and last sold?
The property at 319 Spruce Street was built in 1955 and last sold on Jan 19, 2024 for $149,000.
How much is this home worth?
The estimated value of the home located at 319 Spruce Street is $0.
What are some comparable homes to 319 Spruce Street?
There are currently no comparable homes to 319 Spruce Street.
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