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Heyworth 61745
407 Morgan Drive
$315,000
● House - Off Market

407 Morgan Drive

Heyworth, IL 61745
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,200 Ft²
$2,046
Est. Monthly
3.07%
Cap Rate
Unit Size
3,200 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$98
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
2007

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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 #11968982)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Jan 27, 2024 Listed by RE/MAX Choice $315,000
Listed by RE/MAX Choice

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 15,503
  • Total Building Area: 1,954
  • Gross Building Area: 1,954
  • Building Area: 1,954
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,954
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILLSIDE SUB
  • Land Acres: 0000000356
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: HILLSIDE SUB 8TH ADD LT 107

Neighborhood

  • School District Name: Heyworth Community Unit School District 4
  • Census Tract: 005402

Geography

  • District: 25
  • Parcel: 28-34-451-018
  • Lot: 107
  • Meridian: SEC 34 TWN 22N RNG 02E
  • Municipality: RANDOLPH
  • Latitude: 40.3145
  • Longitude: -88.9673

    Address

  • Full Address: 407 Morgan Dr
  • Address - House Number: 407
  • Address - Street Name: Morgan
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Heyworth
  • Carrier Code: R003
  • 4-Digit Zip Code: 8926
  • Zip Code: 61745

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $598,720
  • Tax Rate Code Area: 2506

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 305,034
  • High Value: 363,651
  • Low Value: 246,417

    Market Valuation

  • Market Total Value: $222,483
  • Market Land Value: $32,826
  • Market Improvement Value: $189,657

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,161
  • Assessed Land Value: $10,942
  • Assessed Improvements Value: $63,219

    Sales

  • Current Sale Contract Date: Mar 04, 2024
  • Current Sale Recording Date: Mar 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3428
  • Previous Sale Recording Date: Jun 27, 2011
  • Previous Sale Contract Date: May 31, 2011
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 71
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 Heyworth

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$133

Below Asking

0.02%

Average Days on Market

42

Average Home Size

2245 ft²

Average Home Age

30.2 years

Currently For Sale

6 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: Cindy Eckols, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11968982
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 407 Morgan Drive built and last sold?
The property at 407 Morgan Drive was built in 2007 and last sold on Mar 4, 2024 for $315,000.
How much is this home worth?
The estimated value of the home located at 407 Morgan Drive is $319,871.
What are some comparable homes to 407 Morgan Drive?
There are currently no comparable homes to 407 Morgan Drive.
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