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Morrison 61270
500 Maple Avenue
$139,900
● House - Off Market

500 Maple Avenue

Morrison, IL 61270
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,366 Ft²
$139,116
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Feel welcomed home as you enter this 3 bedroom home situated on a large lot on dead end street.  Besides the 3 bedrooms the main floor offers an eat-in kitchen with pantry and a window looking into sunken family room, living room, full bath, a couple steps down to a large mudroom/laundry room.  The basement offers a family/play area, a workshop, and storage room with a shower.  The large yard offers great space for outdoor entertainment.  The 2 car garage has shelving and an attached room that could serve as a hobby room or just extra storage.  Contingent on seller's getting home of their choice.
Unit Size
1,366 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$102
Property Type
House
Property Taxes
$225
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 #11840386)

Price History

Date / Event Date Event Price
Aug 17, 2023 Sold
Premium
Sold
Jul 23, 2023 Listed by Forefront Realty LLC $139,900
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: 12,900
  • Lot Size Depth Feet: 1,719
  • Lot Size Frontage Feet: 750
  • 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: SOUTH LAWN SUBDIVISION
  • Land Acres: 0000000296
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: SOUTH LAWN SUB #2 LOT 3 201200X

Neighborhood

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

Geography

  • Account Number: 107297
  • District: 08
  • Parcel: 0917352021
  • Lot: 3
  • Municipality: MT PLEASANT
  • Latitude: 41.8034
  • Longitude: -89.9572

    Address

  • Full Address: 500 Maple Ave
  • Address - House Number: 500
  • Address - Street Name: Maple
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Morrison
  • Carrier Code: C004
  • 4-Digit Zip Code: 2938
  • Zip Code: 61270

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $269,514
  • Tax Rate Code Area: 00805

    Appraisal Valuation

  • Standard Deviation: 0.1203
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 75
  • Final Value: 125,006
  • High Value: 140,050
  • Low Value: 109,961

    Market Valuation

  • Market Total Value: $113,700
  • Market Land Value: $7,548
  • Market Improvement Value: $106,152

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,900
  • Assessed Land Value: $2,516
  • Assessed Improvements Value: $35,384

    Sales

  • Current Sale Contract Date: Aug 17, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4063
  • Previous Sale Recording Date: Jan 15, 2021
  • Previous Sale Contract Date: Jan 15, 2021
  • Previous Sale Amount: $91,000
  • 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:

$144,900

Sale Price/ft²

$92

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1839 ft²

Average Home Age

102.5 years

Currently For Sale

8 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: Jackie Woodman, Forefront Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11840386
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 500 Maple Avenue built and last sold?
The property at 500 Maple Avenue was built in and last sold on Aug 17, 2023 for $140,000.
How much is this home worth?
The estimated value of the home located at 500 Maple Avenue is $0.
What are some comparable homes to 500 Maple Avenue?
There are currently no comparable homes to 500 Maple Avenue.
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