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Morrison 61270
730 Milnes Drive
$197,500
● House - Off Market

730 Milnes Drive

Morrison, IL 61270
bedrooms
1 Bed
bathrooms
1 Bath
$471,077
RealtyHop Estimate
119.11%
Since Aug 1, 2011
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
-

Payment Calculator

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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.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • 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: 45,623
  • 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: DEERVIEW CONDOMINIUM DEVELOPMENT I
  • Land Acres: 0000001047
  • Standard Land Use Code: 1004
  • County Land Use Code: 40
  • Legal Description 1: DEERVIEW CONDO DEVELOPMENT UNIT #15

Neighborhood

  • School District Name: Morrison Community Unit School District 6
  • Census Tract: 000200

Geography

  • Account Number: 98698
  • District: 08
  • Parcel: 0907356001
  • Municipality: MT PLEASANT
  • Latitude: 41.8157
  • Longitude: -89.9763

    Address

  • Full Address: 730 Milnes Dr
  • Legal Unit: 15
  • Address - House Number: 730
  • Address - Street Name: Milnes
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morrison
  • Carrier Code: R001
  • 4-Digit Zip Code: 2065
  • Zip Code: 61270

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $407,608
  • Tax Rate Code Area: 00805

    Appraisal Valuation

  • Standard Deviation: 0.2337
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 67
  • Final Value: 231,439
  • High Value: 285,542
  • Low Value: 177,337

    Market Valuation

  • Market Total Value: $177,735
  • Market Land Value: $6,879
  • Market Improvement Value: $170,856

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,245
  • Assessed Land Value: $2,293
  • Assessed Improvements Value: $56,952

    Sales

  • Current Sale Contract Date: Nov 03, 2016
  • Current Sale Recording Date: Nov 04, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-06294
  • Previous Sale Recording Date: Jul 11, 2011
  • Previous Sale Contract Date: Jul 11, 2011
  • Previous Sale Amount: $197,500
  • 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:

$139,500

Sale Price/ft²

$91

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1679 ft²

Average Home Age

101.7 years

Currently For Sale

11 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: Ken Kophamer, Kophamer & Blean Realty
Data Source: MRED, MLS# MRDQC14315
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 730 Milnes Drive built and last sold?
The property at 730 Milnes Drive was built in and last sold on Nov 3, 2016 for $200,000.
How much is this home worth?
The estimated value of the home located at 730 Milnes Drive is $0.
What are some comparable homes to 730 Milnes Drive?
There are currently no comparable homes to 730 Milnes Drive.
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