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Morris 60450
521 JOHNSON Avenue
$230,000
● House - Off Market

521 JOHNSON Avenue

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$236,846
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

BACKYARD PRIVACY IN THE HEART OF TOWN. EASY LIVING IN THIS 3 BED, 2 BATH RANCH HOME W/WALKOUT FINISHED BSMT.  HOME BACKS TO BUCK'S POND AND WOODS.  LARGE LIVING ROOM W/BEAUTIFUL VIEW OF THE POND & WOODS. KITCHEN INCLUDES ALL APPLIANCES.  DINING AREA WITH AMPLE TABLE SPACE WITH ACCESS TO DECK.  FULL WALK OUT BSMT IS FINISHED INCLUDING FAMILY RM W/FIREPLACE AND SLIDERS TO COVERED PATIO OVERLOOKING BUCK'S POND. 3RD BEDROOM & FULL BATH. PLUS BASEMENT STORAGE AREA AND LAUNDRY ROOM.  2-CAR FINISHED GARAGE.  BEAUTIFUL SHADED LOT.  SQUARE FOOTAGE OF 2,000 INCLUDES FINISHED AREAS IN BASEMENT. OWNER SCALING DOWN AND WOULD LEAVE SOME OF THE BASEMENT FURNTURE.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$115
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1976

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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 #11320433)

Price History

Date / Event Date Event Price
Mar 2, 2022 Sold
Premium
Sold
Feb 8, 2022 Listed by Advantage Realty, Inc $230,000
Listed by Advantage Realty, Inc

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • 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: 6,970
  • Total Building Area: 1,276
  • Gross Building Area: 1,276
  • Building Area: 1,276
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHNSONS SUBDIVISION
  • Land Acres: 0000000160
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: JOHNSONS SUB LT 22 SEC 4-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000400

Geography

  • District: 12
  • Parcel: 05-04-253-019
  • Lot: 22
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3665
  • Longitude: -88.4295

    Address

  • Full Address: 521 Johnson Ave
  • Address - House Number: 521
  • Address - Street Name: Johnson
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Morris
  • Carrier Code: C003
  • 4-Digit Zip Code: 1310
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $576,517
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1945
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 249,348
  • High Value: 297,867
  • Low Value: 200,828

    Market Valuation

  • Market Total Value: $220,992
  • Market Land Value: $30,315
  • Market Improvement Value: $190,677

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,664
  • Assessed Land Value: $10,105
  • Assessed Improvements Value: $63,559

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 02, 2022
  • Current Sale Recording Date: Mar 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 611691
  • Previous Sale Recording Date: Sep 30, 2016
  • Previous Sale Contract Date: Sep 30, 2016
  • Previous Sale Amount: $179,900
  • 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 Morris

Stats & Trends

Median Asking:

$307,000

Sale Price/ft²

$174

Below Asking

0.02%

Average Days on Market

43

Average Home Size

1933 ft²

Average Home Age

59 years

Currently For Sale

18 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: Joan Eslinger, Advantage Realty, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11320433
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 521 Johnson Avenue built and last sold?
The property at 521 Johnson Avenue was built in 1976 and last sold on Mar 2, 2022 for $230,000.
How much is this home worth?
The estimated value of the home located at 521 Johnson Avenue is $0.
What are some comparable homes to 521 Johnson Avenue?
There are currently no comparable homes to 521 Johnson Avenue.
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