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Grundy 60450
3925 Prairie Lane
$275,000
● House - Off Market

3925 Prairie Lane

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$314,607
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

One acre lot in unincorporated Morris. Great country setting yet still close town. Completely updated 3 bedroom 1.1 Bath home. New paint, carpet, and flooring throughout. Wood burning fireplace in living room. Nicely appointed kitchen with eating area, tile floors and new stainless steel appliance suite. French doors lead to a large deck. Lower level family room and laundry room. Full bath has tiled shower walls, ship lap and nice sized vanity. Huge tandem 2 car garage. Concrete driveway. Plenty of mature trees. Lot backs to soccer fields.  Come take a look today!!!
Unit Size
-
Days on Market
-
Land Size
1.02 acres
Price per sqft
-
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
1973

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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 #11106700)

Price History

Date / Event Date Event Price
Aug 2, 2021 Sold
Premium
Sold
Jun 1, 2021 Listed by Protech Realty $274,900
Listed by Protech Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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: 44,431
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,743
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VAN ACRES
  • Land Acres: 0000001020
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: VAN ACRES SUB LT 5 SEC 14-33-7

Neighborhood

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

Geography

  • District: 17
  • Parcel: 05-14-127-003
  • Lot: 5
  • Meridian: SEC 14 TWN 33N RNG 07W
  • Municipality: WAUPONSEE TOWNSHIP
  • Latitude: 41.3426
  • Longitude: -88.3942

    Address

  • Full Address: 3925 Prairie Ln
  • Address - House Number: 3925
  • Address - Street Name: Prairie
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Morris
  • Carrier Code: R006
  • 4-Digit Zip Code: 8566
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $593,172
  • Tax Rate Code Area: 17001

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 285,769
  • High Value: 339,358
  • Low Value: 232,179

    Market Valuation

  • Market Total Value: $224,772
  • Market Land Value: $56,310
  • Market Improvement Value: $168,462

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,924
  • Assessed Land Value: $18,770
  • Assessed Improvements Value: $56,154

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 606759
  • Previous Sale Recording Date: May 04, 2021
  • Previous Sale Contract Date: Apr 27, 2021
  • Previous Sale Amount: $184,500
  • Previous Sale Document Type: 34
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

2133 ft²

Average Home Age

35 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: Michael Ruffatto, Protech Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11106700
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 3925 Prairie Lane built and last sold?
The property at 3925 Prairie Lane was built in 1973 and last sold on Jul 22, 2021 for $275,000.
How much is this home worth?
The estimated value of the home located at 3925 Prairie Lane is $0.
What are some comparable homes to 3925 Prairie Lane?
There are currently no comparable homes to 3925 Prairie Lane.
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