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Grundy 60450
3590 Plaza Drive
$385,000
● House - Off Market

3590 Plaza Drive

Morris, IL 60450
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$2,384
Est. Monthly
9.37%
Cap Rate

About This Property

Owner needs to maintain possession until September.  Waiting for new construction to be complete...could be a bit earlier, will know as build progresses.  This is a beautifully maintained home. Ranch style with many updates including, roof, central air, furnace, whole house generator, electric, leaf guard gutters. New kitchen in 2015 including cabinets, quartz counter tops and appliances. Gorgeous 4 season sun room and landscaping.  Must see to appreciate!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$193
Property Type
House
Property Taxes
$493
HOA Dues
-
Year Built
1977

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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 #12005223)

Price History

Date / Event Date Event Price
Jul 26, 2024 Sold
Premium
Sold
Mar 15, 2024 Listed by RE/MAX Top Properties $385,000
Listed by RE/MAX Top Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • 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: 17,424
  • Total Building Area: 1,640
  • Gross Building Area: 1,640
  • Building Area: 1,640
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,640
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LORI-SUE SUBDIVISION
  • Land Acres: 0000000400
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LORI-SUE SUB LT 9 SEC 14-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000500

Geography

  • District: 17
  • Parcel: 05-14-176-009
  • Lot: 9
  • Meridian: SEC 14 TWN 33N RNG 07W
  • Municipality: WAUPONSEE TOWNSHIP
  • Latitude: 41.3376
  • Longitude: -88.3976

    Address

  • Full Address: 3590 Plaza Dr
  • Address - House Number: 3590
  • Address - Street Name: Plaza
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morris
  • Carrier Code: R007
  • 4-Digit Zip Code: 8551
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $678,731
  • Tax Rate Code Area: 17001

    Appraisal Valuation

  • Standard Deviation: 0.2022
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 72
  • Final Value: 306,577
  • High Value: 368,572
  • Low Value: 244,582

    Market Valuation

  • Market Total Value: $257,193
  • Market Land Value: $37,983
  • Market Improvement Value: $219,210

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,731
  • Assessed Land Value: $12,661
  • Assessed Improvements Value: $73,070

    Exemptions

  • Homeowner Exemption: Yes
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

46

Average Home Size

2095 ft²

Average Home Age

33.8 years

Currently For Sale

114 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: Vicki Geiger, RE/MAX Top Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 12005223
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 3590 Plaza Drive built and last sold?
The property at 3590 Plaza Drive was built in 1977 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3590 Plaza Drive is $387,449.
What are some comparable homes to 3590 Plaza Drive?
There are currently no comparable homes to 3590 Plaza Drive.
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