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Grundy 60450
3740 DIXON Drive
$285,000
● House - Off Market

3740 DIXON Drive

Morris, IL 60450
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$1,879
Est. Monthly
12.97%
Cap Rate

About This Property

Don't delay in seeing this spacious home in unincorporated Morris! Complete with a BRAND NEW (2024) roof, soffits, fascia, and a stunning BRAND NEW kitchen (2024)! This 4 bedroom home sits on a corner lot. The lower level has been finished beautifully - complete with a living space with low-maintenance flooring, walk-out access, and a bar! Sellers have recently freshly painted a couple bedrooms and added brand new beautiful doors and trim upstairs. The 2 car garage is heated and ready for winter. This neighborhood is close to town, and within a couple of minutes you can have all the conveniences of shopping, restaurants, and parks. Call your favorite agent today to see this one!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$153
Property Type
House
Property Taxes
$528
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.

Last updated: 3 years ago (MRED MLS #12083615)

Price History

Date / Event Date Event Price
Aug 2, 2024 Sold
Premium
Sold
Jul 3, 2024 In contract -
In contract
Jun 13, 2024 Listed by Epique Realty $275,000
Listed by Epique Realty
Nov 28, 2023 No longer available -
No longer available
Nov 17, 2023 In contract -
In contract
Show More

Property Highlights

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: 13,068
  • Lot Size Depth Feet: 870
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE GROVE
  • Land Acres: 0000000300
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: PINE GROVE SUB UNIT 2 LT 13 SEC 15-33-7

Neighborhood

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

Geography

  • District: 17
  • Parcel: 05-15-279-001
  • Lot: 13
  • Meridian: SEC 15 TWN 33N RNG 07W
  • Municipality: WAUPONSEE TOWNSHIP
  • Latitude: 41.3398
  • Longitude: -88.4031

    Address

  • Full Address: 3740 Dixon Dr
  • Legal Unit: 2
  • Address - House Number: 3740
  • Address - Street Name: Dixon
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morris
  • Carrier Code: R006
  • 4-Digit Zip Code: 8639
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $680,963
  • Tax Rate Code Area: 17001

    Appraisal Valuation

  • Standard Deviation: 0.1032
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 90
  • Final Value: 235,558
  • High Value: 259,889
  • Low Value: 211,227

    Market Valuation

  • Market Total Value: $258,039
  • Market Land Value: $37,983
  • Market Improvement Value: $220,056

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $86,013
  • Assessed Land Value: $12,661
  • Assessed Improvements Value: $73,352

    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

47

Average Home Size

2151 ft²

Average Home Age

33.4 years

Currently For Sale

108 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: Blair Soto, Epique Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12083615
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 3740 Dixon Drive built and last sold?
The property at 3740 Dixon Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3740 Dixon Drive is $279,965.
What are some comparable homes to 3740 Dixon Drive?
There are currently no comparable homes to 3740 Dixon Drive.
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