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Morris 60450
977 Partridge Lane
$393,000
● House - Off Market

977 Partridge Lane

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,312 Ft²
$2,741
Est. Monthly
4.87%
Cap Rate
Unit Size
2,312 Ft²
Days on Market
-
Land Size
-
Price per sqft
$173
Property Type
House
Property Taxes
$777
HOA Dues
-
Year Built
2003

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • 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: 12,632
  • Total Building Area: 2,312
  • Gross Building Area: 2,312
  • Building Area: 2,312
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,312
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD ESTATES
  • Land Acres: 0000000290
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LAKEWOOD ESTATES 7TH SUB LT 50 SEC 5-33-7

Neighborhood

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

Geography

  • District: 03
  • Parcel: 05-05-255-003
  • Lot: 50
  • Meridian: SEC 05 TWN 33N RNG 07W
  • Municipality: ERIENNA TOWNSHIP
  • Latitude: 41.3649
  • Longitude: -88.4498

    Address

  • Full Address: 977 Partridge Ln
  • Address - House Number: 977
  • Address - Street Name: Partridge
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Morris
  • Carrier Code: C010
  • 4-Digit Zip Code: 3645
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $859,994
  • Tax Rate Code Area: 3002

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 343,647
  • High Value: 407,260
  • Low Value: 280,034

    Market Valuation

  • Market Total Value: $308,997
  • Market Land Value: $37,956
  • Market Improvement Value: $271,041

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,999
  • Assessed Land Value: $12,652
  • Assessed Improvements Value: $90,347

    Exemptions

  • Homeowner Exemption: Yes
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

Rentals Near You

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MRED

Listed by: George Kolar, eXp Realty, LLC
Data Source: MRED, MLS# MRD12323938
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 977 Partridge Lane built and last sold?
The property at 977 Partridge Lane was built in 2003 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 977 Partridge Lane is $0.
What are some comparable homes to 977 Partridge Lane?
There are currently no comparable homes to 977 Partridge Lane.
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