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Grundy 60450
3695 School Drive
$240,000
● House - Off Market

3695 School Drive

Morris, IL 60450
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,352 Ft²
$1,566
Est. Monthly
9.58%
Cap Rate

About This Property

Welcome to this charming country ranch home, offering peaceful rural living with plenty of room to stretch out. Situated on a nice sized lot, this 3-bedroom, 1-bathroom home is perfect for those seeking space and tranquility. The home boasts a comfortable, cozy layout with spacious bedrooms and a well-maintained bathroom. The large backyard is ideal for outdoor activities, gardening, or simply enjoying enjoying the outdoors. With a crawl space for easy access to utilities and additional storage in laundry room & garage, this home is a wonderful opportunity to experience country living at its finest. Furnace and WH approximately 2020, new interior paint, flooring in 2021. Don't miss out on this great property-schedule your showing today!
Unit Size
1,352 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$177
Property Type
House
Property Taxes
$392
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.

Property Highlights

Garage
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: 12,197
  • 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: PINE GROVE
  • Land Acres: 0000000280
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: PINE GROVE SUB UNIT 1 LT 12 SEC 15-33-7

Neighborhood

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

Geography

  • District: 17
  • Parcel: 05-15-279-016
  • Lot: 12
  • Meridian: SEC 15 TWN 33N RNG 07W
  • Municipality: WAUPONSEE TOWNSHIP
  • Latitude: 41.3391
  • Longitude: -88.4024

    Address

  • Full Address: 3695 School Dr
  • Legal Unit: 1
  • Address - House Number: 3695
  • Address - Street Name: School
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morris
  • Carrier Code: R007
  • 4-Digit Zip Code: 8418
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $473,871
  • Tax Rate Code Area: 17001

    Appraisal Valuation

  • Standard Deviation: 0.2049
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 72
  • Final Value: 221,963
  • High Value: 267,461
  • Low Value: 176,465

    Market Valuation

  • Market Total Value: $179,565
  • Market Land Value: $37,983
  • Market Improvement Value: $141,582

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,855
  • Assessed Land Value: $12,661
  • Assessed Improvements Value: $47,194

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 28, 2020
  • Current Sale Recording Date: Jun 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 593115

    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 Grundy

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$184

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2104 ft²

Average Home Age

33.7 years

Currently For Sale

106 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

Unit for rent at 502 E High Street, Morris, IL, 60450

$1,995 /mo

  • 3 Beds
  • 1 Bath
  • 984 ft²
502 E High Street, Morris, IL, 60450 Listing by Gino Picciola
Unit for rent at 714 E Jackson Street, Morris, IL, 60450

$1,700 /mo

  • 2 Beds
  • 1 Bath
  • 868 ft²
714 E Jackson Street #1, Morris, IL, 60450 Listing by John Krozel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Anitra Brase, Advantage Realty, Inc.
Data Source: MRED, MLS# MRD12326824
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 3695 School Drive built and last sold?
The property at 3695 School Drive was built in and last sold on May 28, 2020 for $163,000.
How much is this home worth?
The estimated value of the home located at 3695 School Drive is $242,959.
What are some comparable homes to 3695 School Drive?
There are currently no comparable homes to 3695 School Drive.
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