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Morton 61550
516 S Mathis Avenue
$154,000
● House - Off Market

516 S Mathis Avenue

Morton, IL 61550
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,826 Ft²
$172,955
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Move in ready! Adorable 2 bedroom, 1 bath house on deep 50 x 150 fenced lot within walking distance to downtown and schools. Open kitchen, dining area with large walk in pantry. Main level 14 x 16 master bedroom. Upstairs has 1 bedroom and sitting/reading/ play area with a large closet separating the 2 rooms. Bookshelves and built ins. Sitting room/office off living room. All appliances stay including washer and dryer that are only 1 year old. New oak hardwood floors on main level in 2021. Bathroom remodel in 2019. New 10 x 12 shed with loft in 2021. Unfinished basement has shower and lots of room for storage. Owner will accommodate private showings for serious inquiries only. Prequalification or pre-approval letter required for showing. Easy access to I-155 and I-74.
Unit Size
1,826 Ft²
Days on Market
-
Land Size
-
Price per sqft
$88
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1950

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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 #11272389)

Price History

Date / Event Date Event Price
Jan 4, 2022 Sold
Premium
Sold
Nov 17, 2021 Listed by Exit Strategy Realty $159,900
Listed by Exit Strategy Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 696
  • Garage Type: 4
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,421
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,288
  • Gross Building Area: 1,288
  • Building Area: 1,748
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,748
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WICKS 2ND ADDN
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 510
  • Legal Description 1: SEC 20 T25N R3W WICKS 2ND ADDN LOT 17 NE 1/4

Neighborhood

  • School District Name: Morton Community Unit School District 709
  • Census Tract: 021604

Geography

  • District: 060
  • Section: 20
  • Parcel: 06-06-20-225-005
  • Lot: 17
  • Meridian: SEC 20 TWN 25N RNG 03W
  • Municipality: MORTON
  • Latitude: 40.6063
  • Longitude: -89.4663

    Address

  • Full Address: 516 S Mathis Ave
  • Address - House Number: 516
  • Street Direction: S
  • Address - Street Name: Mathis
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Morton
  • Carrier Code: C004
  • 4-Digit Zip Code: 1920
  • Zip Code: 61550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $335,390

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 62
  • Final Value: 188,910
  • High Value: 238,489
  • Low Value: 139,332

    Market Valuation

  • Market Total Value: $122,100
  • Market Land Value: $16,890
  • Market Improvement Value: $105,210

    Assessments Valuation

  • Assessed Year: 2023

    Sales

  • Current Sale Contract Date: Jan 04, 2022
  • Current Sale Recording Date: Jan 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 418
  • Previous Sale Recording Date: May 14, 2010
  • Previous Sale Contract Date: May 13, 2010
  • Previous Sale Amount: $124,000
  • 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 Morton

Stats & Trends

Median Asking:

$237,450

Sale Price/ft²

$128

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2221 ft²

Average Home Age

61 years

Currently For Sale

1 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: Steven Koleno, Exit Strategy Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11272389
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 516 South Mathis Avenue built and last sold?
The property at 516 South Mathis Avenue was built in 1950 and last sold on Jan 4, 2022 for $154,000.
How much is this home worth?
The estimated value of the home located at 516 South Mathis Avenue is $0.
What are some comparable homes to 516 South Mathis Avenue?
There are currently no comparable homes to 516 South Mathis Avenue.
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