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Crete 60417
501 Moray Terrace
$280,000
● House - Off Market

501 Moray Terrace

Crete, IL 60417
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,797 Ft²
$296,942
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

HAVE A WARDROBE, NEED CLOSET SPACE? Then check out this 4 Bdr. 3 BATH TWO STORY HOME on a LARGE LOT. This home features an UPDATED KITCHEN w/Mocha Cabinets, Stainless Appliances, Center Island & Ceramic Wood-grain Flooring. It has a FORMAL DINING ROOM w/Hardwood Floor, Chair rail & Cove Molding. Entrance Foyer has an OAK STAIRCASE to a Second Floor MBDR. SUITE w/UPDATED MASTER BATH w/Ceramic Walk-in Shower and TWO WALK-IN CLOSETS w/Organize Shelving. Off the Master is a BONUS ROOM LOFT w/Beamed Tongue & Groove Ceiling w/Skylights that overlook the Family room. The family room has a BRICK FIREPLACE ans SLIDERS to a LARGE DECK. The FULL PARTIALLY FINISHED BASEMENT has a Recreation Room, Work-out Room & a Workshop. HURRY, LARGE HOUSE, PRICED to Sell!
Unit Size
3,797 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$74
Property Type
House
Property Taxes
$641
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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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 #11665120)

Price History

Date / Event Date Event Price
Dec 6, 2022 Sold
Premium
Sold
Nov 1, 2022 Listed by Re/Max 10 $279,900
Listed by Re/Max 10

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,085
  • Garage Type: 1
  • Garage Square Area: 501
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,580
  • Lot Size Depth Feet: 1,640
  • Lot Size Frontage Feet: 950
  • Total Building Area: 4,298
  • Building Area: 3,797
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,797
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SWISS VALLEY THIRD ADDITION
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 17 (EX THFM THE E 100 FT THOF) IN SWISS VALLEY 3RD ADD'N, BEINGSUB OF PRT OF THE N1/2 OF SEC 3, T34N-R14E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883810

Geography

  • Parcel: 23-15-03-205-027
  • Lot: 17
  • Meridian: SEC 03 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4669
  • Longitude: -87.6037

    Address

  • Full Address: 501 Moray Ter
  • Address - House Number: 501
  • Address - Street Name: Moray
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Crete
  • Carrier Code: R002
  • 4-Digit Zip Code: 1273
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $841,040
  • Tax Rate Code Area: 2325

    Appraisal Valuation

  • Standard Deviation: 0.1623
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 324,255
  • High Value: 376,882
  • Low Value: 271,627

    Market Valuation

  • Market Total Value: $233,535
  • Market Land Value: $44,733
  • Market Improvement Value: $188,802

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,845
  • Assessed Land Value: $14,911
  • Assessed Improvements Value: $62,934

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 01, 2022
  • Current Sale Recording Date: Dec 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 85621
  • Previous Sale Recording Date: Dec 30, 2008
  • Previous Sale Contract Date: Dec 17, 2008
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 20
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 Crete

Stats & Trends

Median Asking:

$295,500

Sale Price/ft²

$139

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2516 ft²

Average Home Age

65.4 years

Currently For Sale

29 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 Rossi, Re/Max 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 11665120
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 501 Moray Terrace built and last sold?
The property at 501 Moray Terrace was built in 1986 and last sold on Dec 1, 2022 for $280,000.
How much is this home worth?
The estimated value of the home located at 501 Moray Terrace is $294,541.
What are some comparable homes to 501 Moray Terrace?
There are currently no comparable homes to 501 Moray Terrace.
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