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Morris 60450
614 Armstrong Street
$107,000
● House - Off Market

614 Armstrong Street

Morris, IL 60450
bedrooms
2 Beds
bathrooms
1 Bath
square feet
860 Ft²
$189,269
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Charm, Personality, Comfort is what this 2 bedroom Cape Cod home has to offer and is priced to sell! All the major updates have been completed...Newers include: Roof, Windows, Furnace & Central Air, Water Heater, and the full basement that has been waterproofed by PermaSeal. It's located close to downtown for shopping convenience, events and festivals. This home has the original hardwood floors in the bedrooms as well as hardwood under carpet in living rm. A 3-Season room off the back of house and a 1-1/2 car garage with a nice sized fenced yard complete the package. Don't pay rent anymore you could own this home for less.
Unit Size
860 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$151
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1945

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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 #10487201)

Price History

Date / Event Date Event Price
Jan 30, 2020 Sold
Premium
Sold
Aug 16, 2019 Listed by Century 21 Coleman-Hornsby $129,900
Listed by Century 21 Coleman-Hornsby

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: 4,792
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARDER & SPELLISY
  • Land Acres: 0000000110
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: HARDER & SPELLISY RESUB LT 4 SEC 3-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000300

Geography

  • District: 12
  • Parcel: 05-03-160-016
  • Lot: 4
  • Meridian: SEC 03 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3651
  • Longitude: -88.4178

    Address

  • Full Address: 614 Armstrong St
  • Address - House Number: 614
  • Address - Street Name: Armstrong
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C005
  • 4-Digit Zip Code: 1915
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $335,396
  • Tax Rate Code Area: 12051

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 70
  • Final Value: 151,764
  • High Value: 184,564
  • Low Value: 118,964

    Market Valuation

  • Market Total Value: $128,565
  • Market Land Value: $22,308
  • Market Improvement Value: $106,257

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,855
  • Assessed Land Value: $7,436
  • Assessed Improvements Value: $35,419

    Sales

  • Current Sale Contract Date: Jan 30, 2020
  • Current Sale Recording Date: Jan 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 590452
  • Previous Sale Recording Date: Oct 03, 2014
  • Previous Sale Contract Date: Oct 02, 2014
  • Previous Sale Amount: $93,500
  • Previous Sale Document Type: 40
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:

$309,000

Sale Price/ft²

$175

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1931 ft²

Average Home Age

60.3 years

Currently For Sale

17 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 Maskel, Century 21 Coleman-Hornsby
Last Updated: 3 years ago
Data Source: MRED, MLS# 10487201
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 614 Armstrong Street built and last sold?
The property at 614 Armstrong Street was built in 1945 and last sold on Jan 30, 2020 for $107,000.
How much is this home worth?
The estimated value of the home located at 614 Armstrong Street is $132,922.
What are some comparable homes to 614 Armstrong Street?
There are currently no comparable homes to 614 Armstrong Street.
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