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Grundy 60450
4560 Shady Lane
$539,000
● House - Off Market

4560 Shady Lane

Morris, IL 60450
bedrooms
4 Beds
bathrooms
2 Baths
$616,854
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

This secluded open floor plan ranch is nestled in woods with beautiful views of the lake. Completely remodeled and ready for all your entertaining! Enjoy your mornings sitting on your cedar gabled porch with your cup of coffee to watch the wildlife. Spend your afternoons enjoying the lake access for swimming and fishing or just enjoy the evening views of the lake. Back deck includes an outdoor kitchen. Updated interior includes all new interior doors and lower patio doors. All new interior water fixtures and new lighting. Bathroom remodel along with bedroom wood flooring. Whole home reverse osmosis system. Many more new details. Call now for your private showing!
Unit Size
-
Days on Market
-
Land Size
5.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$593
HOA Dues
-
Year Built
1990

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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 #11189246)

Price History

Date / Event Date Event Price
Aug 13, 2021 Sold
Premium
Sold
Jul 2, 2021 Listed by Coldwell Banker Real Estate Group $539,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • 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: 223,898
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINTER HILLS SUBDIVISION
  • Land Acres: 0000005140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WINTER HILLS SUB UNIT 3 LT 6 SEC 17-33-8

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000700

Geography

  • District: 07
  • Parcel: 06-17-251-003
  • Lot: 6
  • Meridian: SEC 17 TWN 33N RNG 08W
  • Municipality: GOOSE LAKE TOWNSHIP
  • Latitude: 41.3394
  • Longitude: -88.3321

    Address

  • Full Address: 4560 Shady Ln
  • Legal Unit: 3
  • Address - House Number: 4560
  • Address - Street Name: Shady
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Morris
  • Carrier Code: R001
  • 4-Digit Zip Code: 9600
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $830,321
  • Tax Rate Code Area: 7002

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 76
  • Final Value: 468,624
  • High Value: 553,552
  • Low Value: 383,695

    Market Valuation

  • Market Total Value: $340,983
  • Market Land Value: $90,486
  • Market Improvement Value: $250,497

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $113,661
  • Assessed Land Value: $30,162
  • Assessed Improvements Value: $83,499

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 606765
  • Previous Sale Recording Date: Mar 07, 2016
  • Previous Sale Contract Date: Mar 04, 2016
  • Previous Sale Amount: $340,000
  • 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 Grundy

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$184

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2028 ft²

Average Home Age

39.9 years

Currently For Sale

119 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: Andrew Cook, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11189246
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 4560 Shady Lane built and last sold?
The property at 4560 Shady Lane was built in 1990 and last sold on Aug 11, 2021 for $539,000.
How much is this home worth?
The estimated value of the home located at 4560 Shady Lane is $544,390.
What are some comparable homes to 4560 Shady Lane?
There are currently no comparable homes to 4560 Shady Lane.
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