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Morrison 61270
408 S Base Street
$85,000
● House - Off Market

408 S Base Street

Morrison, IL 61270
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,029 Ft²
$89,652
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

This spacious 3 bedroom, 1.5 bath home offers some newer flooring throughout.  Formal dining room and living room both have leaded beveled glass windows. All but two newer replacement windows.  Galley style kitchen with built in dishwasher.  Main Floor Laundry.26 X 6 Ft Enclosed front porch with combination windows (2 new ones are ordered and will be put in). Nice 18 X 22 cement patio. Furnace and Central Air in Oct 2001.  Hot Water Heater in 2006.
Unit Size
1,029 Ft²
Days on Market
-
Land Size
-
Price per sqft
$85
Property Type
House
Property Taxes
$117
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 #11664812)

Price History

Date / Event Date Event Price
Mar 6, 2023 Sold
Premium
Sold
Nov 1, 2022 Listed by Forefront Realty LLC $87,000
Listed by Forefront Realty LLC

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: 4,410
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 485
  • 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
  • Land Acres: 0000000101
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: CITY OF MORRISON S48 1/2 OF N88 1/2LT6 & PT W2/3 LT7 BLK 45 119800X

Neighborhood

  • School District Name: Morrison Community Unit School District 6
  • Census Tract: 000300

Geography

  • Account Number: 114449
  • District: 08
  • Parcel: 0918333004
  • Block: 45
  • Municipality: MT PLEASANT
  • Latitude: 41.8057
  • Longitude: -89.9699

    Address

  • Full Address: 408 S Base St
  • Address - House Number: 408
  • Street Direction: S
  • Address - Street Name: Base
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morrison
  • Carrier Code: C002
  • 4-Digit Zip Code: 2334
  • Zip Code: 61270

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $144,778
  • Tax Rate Code Area: 00805

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 79,475
  • High Value: 89,374
  • Low Value: 69,575

    Market Valuation

  • Market Total Value: $69,408
  • Market Land Value: $4,575
  • Market Improvement Value: $64,833

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,136
  • Assessed Land Value: $1,525
  • Assessed Improvements Value: $21,611

    Sales

  • Current Sale Contract Date: Mar 06, 2023
  • Current Sale Recording Date: Mar 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1083
  • Previous Sale Recording Date: Feb 20, 2007
  • Previous Sale Contract Date: Feb 16, 2007
  • Previous Sale Amount: $64,000
  • 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 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

Unit for rent at 513 E Main Street, Morrison, IL, 61270

$1,300 /mo

  • 5 Beds
  • 1 Bath
  • 1,416 ft²
513 E Main Street, Morrison, IL, 61270 Listing by Hannah Daniel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jackie Woodman, Forefront Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11664812
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 408 South Base Street built and last sold?
The property at 408 South Base Street was built in and last sold on Mar 6, 2023 for $85,000.
How much is this home worth?
The estimated value of the home located at 408 South Base Street is $87,988.
What are some comparable homes to 408 South Base Street?
There are currently no comparable homes to 408 South Base Street.
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