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Oglesby 61348
323 Morris Street
$69,900
● House - Off Market

323 Morris Street

Oglesby, IL 61348
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$106,346
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

3 BR home on 1.5 over sized lot, 2 garden beds in back with plenty of yard. 2.5 car garage with enclosed patio on back of garage. Storage shed outback and covered porch on the front. Open kitchen, dining and living rooms with breakfast bar and overhanging cabinets dividing kitchen and dining areas. Remodeled in 2015 with all new laminate flooring, stove and dishwasher. Basement has 1/2 bath and partial kitchen with cabinets and sink. 1/3 of basement is tile finished flooring. Could easily convert into a mother-in-law suite/additional rental space. New GFI outlets throughout, Rental home for past 2 years - up to inspection code and city ordinances. This home offers a HOME WARRANTY~~~~~~~~~~
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$58
Property Type
House
Property Taxes
$113
HOA Dues
-
Year Built
1900

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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: 2 years ago (MRED MLS #10078265)

Price History

Date / Event Date Event Price
Dec 28, 2018 Sold
Premium
Sold
Sep 10, 2018 Listed by Starved Rock Realty $69,900
Listed by Starved Rock Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 19,166
  • Total Building Area: 912
  • Gross Building Area: 912
  • Building Area: 912
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 912
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARBON COAL CO S SUB
  • Land Acres: 0000000440
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: CARBON COAL CO SUB, E1/2 LT 62 & W42' LT 63 SEC 25-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963400

Geography

  • District: LS
  • Parcel: 18-25-106-048
  • Lot: 62-63
  • Meridian: SEC 25 TWN 33 RNG 01
  • Municipality: LASALLE TOWNSHIP
  • Latitude: 41.3035
  • Longitude: -89.0657

    Address

  • Full Address: 323 Morris St
  • Address - House Number: 323
  • Address - Street Name: Morris
  • Address - Suffix Type: St
  • State: IL
  • City Name: Oglesby
  • Carrier Code: C002
  • 4-Digit Zip Code: 1038
  • Zip Code: 61348

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $214,922
  • Tax Rate Code Area: LS007

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 74,031
  • High Value: 84,110
  • Low Value: 63,951

    Market Valuation

  • Market Total Value: $70,278
  • Market Land Value: $11,280
  • Market Improvement Value: $58,998

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,426
  • Assessed Land Value: $3,760
  • Assessed Improvements Value: $19,666

    Sales

  • Current Sale Contract Date: Dec 28, 2018
  • Current Sale Recording Date: Dec 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201817095
  • Previous Sale Recording Date: Oct 01, 2015
  • Previous Sale Contract Date: Sep 21, 2015
  • Previous Sale Amount: $38,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Oglesby

Stats & Trends

Median Asking:

$162,000

Sale Price/ft²

$123

Below Asking

0.03%

Average Days on Market

48

Average Home Size

1824 ft²

Average Home Age

55.4 years

Currently For Sale

7 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: Delores Barrera, Starved Rock Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 10078265
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 323 Morris Street built and last sold?
The property at 323 Morris Street was built in 1900 and last sold on Dec 28, 2018 for $70,000.
How much is this home worth?
The estimated value of the home located at 323 Morris Street is $76,457.
What are some comparable homes to 323 Morris Street?
There are currently no comparable homes to 323 Morris Street.
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