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Morris 60450
405 West Avenue
$280,000
● House - Off Market

405 West Avenue

Morris, IL 60450
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,358 Ft²
$294,544
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Gorgeous updated home with an abundance of charm and original character. 4 spacious bedrooms + 2 full bathrooms with ample closet space. Open living concept with lots of natural light. Main floor bedroom provides for a great flex space area currently used as an office. Fenced backyard oasis with heated inground pool is just waiting for you to soak up the sun! Half acre lot provides for privacy while having all the conveniences of in town living. 2 car detached garage that can double as the pool house. The home has been well maintained with a new roof in 2017, new pool liner in 2019, hot water heated 2021, and refinished original woodwork. Additional square footage available in the unfinished walk in attic would make an awesome glam room or playroom. A must see! Call for your private showing today!
Unit Size
2,358 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$123
Property Type
House
Property Taxes
$605
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11613775)

Price History

Date / Event Date Event Price
Apr 21, 2023 Sold
Premium
Sold
Aug 24, 2022 Listed by Onorato Real Estate $289,500
Listed by Onorato Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 23,958
  • Total Building Area: 2,358
  • Gross Building Area: 2,358
  • Building Area: 2,358
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,358
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHAPINS SECOND ADDITION
  • Land Acres: 0000000550
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: CHAPINS 2ND ADD MORRIS S1/2 LT 2 & ALL LT 1 BLK 23 SEC 4-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000400

Geography

  • District: 12
  • Parcel: 05-04-451-014
  • Block: 23
  • Lot: 1-2
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3593
  • Longitude: -88.4303

    Address

  • Full Address: 405 West Ave
  • Address - House Number: 405
  • Address - Street Name: West
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Morris
  • Carrier Code: C008
  • 4-Digit Zip Code: 1765
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $816,072
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1069
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 89
  • Final Value: 314,324
  • High Value: 347,944
  • Low Value: 280,704

    Market Valuation

  • Market Total Value: $312,819
  • Market Land Value: $59,595
  • Market Improvement Value: $253,224

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $104,273
  • Assessed Land Value: $19,865
  • Assessed Improvements Value: $84,408

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 21, 2023
  • Current Sale Recording Date: Apr 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 619093
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 Morris

Stats & Trends

Median Asking:

$307,000

Sale Price/ft²

$174

Below Asking

0.02%

Average Days on Market

43

Average Home Size

1933 ft²

Average Home Age

59 years

Currently For Sale

18 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: Katrina Fisher Provance, Onorato Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11613775
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 405 West Avenue built and last sold?
The property at 405 West Avenue was built in 1900 and last sold on Apr 21, 2023 for $280,000.
How much is this home worth?
The estimated value of the home located at 405 West Avenue is $298,561.
What are some comparable homes to 405 West Avenue?
There are currently no comparable homes to 405 West Avenue.
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