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Morrison 61270
400 E High Street
$130,000
● House - Off Market

400 E High Street

Morrison, IL 61270
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,192 Ft²
$147,311
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Many quality updates have been made throughout this move-in ready home! New flooring on the entire main level; the bathroom was redone and includes washer/dryer hookup; and the kitchen was redone in 2014 with oak cabinets, granite countertops and stainless-steel appliances. Enjoy the kitchen island eating bar and an open concept space through to the spacious, light-filled living room. Downstairs holds lots of potential and space to finish to your liking. Mechanicals are updated as well, including a new furnace, A/C and water heater in 2021 and new sewer line to the street. Outside is a rear fenced yard, 6' 4" x 17' front porch, 2-car garage plus a 12' x 23' workshop or additional 1-car garage.  Quick Possession!
Unit Size
1,192 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
House
Property Taxes
$202
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 #11258768)

Price History

Date / Event Date Event Price
Feb 16, 2022 Sold
Premium
Sold
Oct 29, 2021 Listed by Re/Max Sauk Valley $139,900
Listed by Re/Max Sauk Valley

Property Highlights

Garage
Air Conditioning
Parking Available

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: 11,344
  • 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: SHEEHEYS ADDITION
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: SHEEHEYS ADDITION PT LT 1 & PT LT 2 STRIP ADJ TO E SIDE LOT 1 BLK 1 192801X

Neighborhood

  • School District Name: Morrison Community Unit School District 6
  • Census Tract: 000200

Geography

  • Account Number: 110963
  • District: 08
  • Parcel: 0918226012
  • Block: 1
  • Lot: 1-2
  • Municipality: MT PLEASANT
  • Latitude: 41.8123
  • Longitude: -89.96

    Address

  • Full Address: 400 E High St
  • Address - House Number: 400
  • Street Direction: E
  • Address - Street Name: High
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morrison
  • Carrier Code: C003
  • 4-Digit Zip Code: 2813
  • Zip Code: 61270

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $244,396
  • Tax Rate Code Area: 00805

    Appraisal Valuation

  • Standard Deviation: 0.2486
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 136,242
  • High Value: 170,117
  • Low Value: 102,368

    Market Valuation

  • Market Total Value: $104,781
  • Market Land Value: $6,897
  • Market Improvement Value: $97,884

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,927
  • Assessed Land Value: $2,299
  • Assessed Improvements Value: $32,628

    Sales

  • Current Sale Contract Date: Feb 09, 2022
  • Current Sale Recording Date: Feb 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 958
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 Morrison

Stats & Trends

Median Asking:

$139,500

Sale Price/ft²

$91

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1679 ft²

Average Home Age

101.7 years

Currently For Sale

11 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: Barbara Kophamer, Re/Max Sauk Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11258768
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 400 East High Street built and last sold?
The property at 400 East High Street was built in and last sold on Feb 9, 2022 for $130,000.
How much is this home worth?
The estimated value of the home located at 400 East High Street is $0.
What are some comparable homes to 400 East High Street?
There are currently no comparable homes to 400 East High Street.
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