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Grundy 60450
4785 SHADY Lane
$120,000
● Land - Off Market

4785 SHADY Lane

Morris, IL 60450
bedrooms
Studio
bathrooms
0 Bath
$1,113
Est. Monthly
4.14%
Cap Rate

About This Property

BUILD YOUR DREAM HOME HERE! RARELY AVAILABLE 4.6 WOODED ACRE PARCEL IN GOOSE LAKE TOWNSHIP ON SHADY LANE! MORRIS ADDRESS, COAL CITY SERVICES! MAP AMENDMENT AND REZONING HAVE BEEN APPROVED. RESIDENTIAL ZONING WILL NOW ALLOW A HOME TO BE BUILT ON PARCEL B. TAXES AND PIN REFLECT ORIGINAL PARCEL WITH IMPROVEMENTS, NEW PIN WILL BE ISSUED ON SALE.  PLEASE DO NOT WALK PROPERTY. CALL LISTING AGENT FOR APOINTMENT.
Unit Size
-
Days on Market
-
Land Size
4.60 acres
Price per sqft
-
Property Type
Land
Property Taxes
$482
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 #11928751)

Price History

Date / Event Date Event Price
Feb 23, 2024 Sold
Premium
Sold
Nov 10, 2023 Listed by Century 21 Circle $128,500
Listed by Century 21 Circle
Oct 18, 2023 No longer available -
No longer available
Oct 13, 2023 Price Decreased $129,500
↓ $3K (2.3%)
Price Decreased
Jul 9, 2023 Relisted $132,500
Relisted
Show More

Property Highlights

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: 681,278
  • 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
  • Subdivision: OWNERS ASSESSMENT PLAT
  • Land Acres: 0000015640
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: OWNERS ASSESSMENT PLAT LT 4 SEC 17-33-8

Neighborhood

  • School District Name: Coal City Community Unit School District 1
  • Census Tract: 000700

Geography

  • District: 07
  • Parcel: 06-17-400-003
  • Lot: 4
  • Meridian: SEC 17 TWN 33N RNG 08W
  • Municipality: GOOSE LAKE TOWNSHIP
  • Latitude: 41.3346
  • Longitude: -88.3294

    Address

  • Full Address: 4785 Shady Ln
  • Address - House Number: 4785
  • Address - Street Name: Shady
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Morris
  • Carrier Code: R001
  • 4-Digit Zip Code: 9694
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $691,783
  • Tax Rate Code Area: 7001

    Appraisal Valuation

  • Standard Deviation: 0.1013
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 90
  • Final Value: 121,653
  • High Value: 133,981
  • Low Value: 109,326

    Market Valuation

  • Market Total Value: $407,079
  • Market Land Value: $185,313
  • Market Improvement Value: $221,766

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $135,693
  • Assessed Land Value: $61,771
  • Assessed Improvements Value: $73,922

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 22, 2023
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 624470
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

$185

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2080 ft²

Average Home Age

41.5 years

Currently For Sale

110 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: Chris Caputo, Century 21 Circle
Last Updated: 3 years ago
Data Source: MRED, MLS# 11928751
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 4785 Shady Lane built and last sold?
The property at 4785 Shady Lane was built in and last sold on Dec 22, 2023 for $120,000.
How much is this home worth?
The estimated value of the home located at 4785 Shady Lane is $0.
What are some comparable homes to 4785 Shady Lane?
There are currently no comparable homes to 4785 Shady Lane.
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