NOT LISTED FOR SALE

1400 N Gorman Rd Morris, IL 60450

Estimated Value: $435,000 - $550,668

3 Beds
4 Baths
2,508 Sq Ft
$200/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $405,000 $161 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,429/month

82 Days on Market

Highlights

  • Second Garage
  • 5.1 Acre Lot
  • Cape Cod Architecture
  • Coal City Intermediate School Rated A-
  • Open Floorplan
  • Deck

About This Home

As of November 2022

Beautiful 2500 square foot, custom-built, cedar home tucked away in its own little piece of paradise. Property sits on 5.1 acres. From the moment you walk in your eyes are drawn to the oak beams running across the cathedral ceilings. This open floorplan home has plenty of indoor and outdoor space to entertain. Home has attached fully insulated attached garage and an extra deep 2 car detached garage measuring 40x33. Perfect for boat/pontoon storage, mechanic or woodworking shop; storage/work space is not an issue. Bring on your toys! Great space to build additional garage/pole building. Home boasts an unfinished walk-in attic with high ceilings! Perfect for additional living space or storage. The living room has a floor to ceiling brick fireplace. 2 sets of patio doors that lead to the back deck surrounded by trees and nature; privacy at its finest! Large master bedroom with private bath and sitting area. Minutes from 55 interstate. Come see what country living has to offer!

Last Agent to Sell the Property

Debbie Durando

Lori Bonarek Realty License #475149805 Listed on: 07/10/2022

Last Buyer's Agent

Debbie Durando

Lori Bonarek Realty License #475149805 Listed on: 07/10/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,384

Year Built

  • Built in 1988

Lot Details

  • 5.1 Acre Lot
  • Lot Dimensions are 740 x 300 x 740 x 267

Parking

  • 4 Car Garage
  • Second Garage
  • Multiple Garages
  • Garage Door Opener
  • Gravel Driveway
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,508 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Includes Fireplace Accessories
  • Stubbed Gas Line For Fireplace
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Sitting Room
  • Combination Kitchen and Dining Room
  • Partially Carpeted
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Central Air
  • Heating System Uses Propane
  • Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,384

Year Built

Built in 1988

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1988
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Includes Accessories, Masonry, Stubbed in Gas Line
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Beamed Ceilings, Open Floorplan, Some Carpeting
  • LivingArea: 2508
  • Room Type: Sitting Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2508
  • Basement Description: Crawl
  • Bathroom Amenities: Whirlpool
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Full,Pull Down Stair
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck, Patio, Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 439000
  • OtherStructures: Second Garage
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Driveway: Gravel
  • Garage Details: Garage Door Opener(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached,Detached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Heating: Propane
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 1

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 5.1
  • Lot Dimensions: 740 X 300 X 740 X 267
  • Rural (Y/N): Y
  • Lot Size: 5.0-5.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6384.44
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2022
Closed on
Nov 30, 2022
Sold by
Smith Melvin A and Smith Elaine J
Bought by
Marketti Ryan and Marketti Katarzyna
Seller's Agent
Debbie Durando
Lori Bonarek Realty
Buyer's Agent
Debbie Durando
Lori Bonarek Realty
List Price
$515,000
Sold Price
$405,000
Premium/Discount to List
-$110,000
-21.36%
Views
5
Current Estimated Value
$501,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,417
Avg. Annual Appreciation
7.78%
Original Mortgage
$150,000
Outstanding Balance
$131,925
Interest Rate
6.29%
Mortgage Type
New Conventional
Estimated Equity
$369,492
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marketti Ryan $405,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marketti Ryan $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $405,000 -7.7% $161 / Sq Ft
10/01/2022 10/01/22 Pending -- -- --
09/17/2022 09/17/22 Price Changed $439,000 -10.4% $175 / Sq Ft
08/02/2022 08/02/22 Price Changed $490,000 -4.9% $195 / Sq Ft
07/10/2022 07/10/22 For Sale $515,000 -- $205 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,127 $179,022 $31,314 $147,708
2023 $8,506 $166,843 $29,184 $137,659
2022 $7,256 $153,334 $26,821 $126,513
2021 $6,631 $141,976 $24,834 $117,142
2020 $6,384 $136,528 $23,881 $112,647
2019 $5,960 $129,165 $22,593 $106,572
2018 $5,604 $121,598 $21,269 $100,329
2017 $5,446 $117,760 $20,598 $97,162
2016 $4,970 $109,523 $25,921 $83,602
2015 $4,762 $108,826 $25,756 $83,070
2014 $4,654 $107,685 $25,486 $82,199
2013 $4,824 $111,590 $26,410 $85,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11459879

Midwest Real Estate Data (MRED)

APN: 06-29-300-007