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Morris 60450
424 Oak Street
$125,000
● House - Off Market

424 Oak Street

Morris, IL 60450
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,098 Ft²
$183,438
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

West side quiet location, 2 bedroom rambler with a full partially finished basement, large family room. 2 car garage and patio. All kitchen appliances included plus washer & Dryer. Newer furnace and Central Air. Just a short jaunt to restaurants, shopping, hospital, parks and schools. Vintage velvet Elvis painting included!
Unit Size
1,098 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$114
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
1953

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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 #10406942)

Price History

Date / Event Date Event Price
Jul 22, 2019 Sold
Premium
Sold
Jun 5, 2019 Listed by Century 21 Coleman-Hornsby $125,000
Listed by Century 21 Coleman-Hornsby

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 7,841
  • Total Building Area: 725
  • Gross Building Area: 725
  • Building Area: 725
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 725
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GORMLEYS SUBDIVISION
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GORMLEYS SUB LTS 31 & 32 BLK 4 SEC 4-33-7

Neighborhood

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

Geography

  • District: 12
  • Parcel: 05-04-376-013
  • Block: 4
  • Lot: 31-32
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3604
  • Longitude: -88.435

    Address

  • Full Address: 424 Oak St
  • Address - House Number: 424
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C008
  • 4-Digit Zip Code: 1749
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $379,834
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.2049
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 72
  • Final Value: 177,785
  • High Value: 214,227
  • Low Value: 141,342

    Market Valuation

  • Market Total Value: $145,599
  • Market Land Value: $40,584
  • Market Improvement Value: $105,015

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,533
  • Assessed Land Value: $13,528
  • Assessed Improvements Value: $35,005

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 18, 2019
  • Current Sale Recording Date: Aug 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 586373

    Financing

  • First Mortgage Financing Type: FIX
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:

$309,000

Sale Price/ft²

$175

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1931 ft²

Average Home Age

60.3 years

Currently For Sale

17 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: Jim Maskel, Century 21 Coleman-Hornsby
Last Updated: 3 years ago
Data Source: MRED, MLS# 10406942
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 424 Oak Street built and last sold?
The property at 424 Oak Street was built in 1953 and last sold on Jul 18, 2019 for $125,000.
How much is this home worth?
The estimated value of the home located at 424 Oak Street is $0.
What are some comparable homes to 424 Oak Street?
There are currently no comparable homes to 424 Oak Street.
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