NOT LISTED FOR SALE

507 Liberty St Morris, IL 60450

Estimated Value: $52,270

0.07 Acre
$746,714 Price per Acre
3,049 Sq Ft Lot

Last Sold January 31, 2024

Last sale price $49,000

Est. 7% increase in value since last sale

Current estimated payment $334/month

22 Days on Market

About This Lot

As of January 2024

Fantastic opportunity to purchase the only vacant lot in the heart of downtown Morris on Liberty Street. B2 zoning allows you to build up to property lines which equates to base square footage of 3276 square feet for your new building. Multiple story also possible. Great potential.

Last Agent to Sell the Property

Steve Barr

Advantage Realty, Inc. License #475098445 Listed on: 11/20/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,639

Lot Details

  • Lot Dimensions are 50x62x50x63
  • Property is zoned COMMR

Schools

  • Morris Grade Elementary And Middle School
  • Morris Community High School

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,639

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Road Surface Type: Asphalt
  • General Information: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial
  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 50
  • Frontage Type: City Street
  • List Price: 59000
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site

Schools

  • Elementary School: Morris Grade School
  • High School: Morris Community High School
  • Middle/Junior School: Morris Grade School
  • Middle/Junior School District: 54

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X62X50X63
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Estimated Land Sq Ft: 3276
  • Total Listed Lots Avail: 1

Rental Info

  • Board Number: 10

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1638.76
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2023
Closed on
Jan 29, 2024
Sold by
Pbjm Squared Llc
Bought by
Dig This Llc
Seller's Agent
Steve Barr
Advantage Realty, Inc.
List Price
$59,000
Sold Price
$49,000
Premium/Discount to List
-$10,000
-16.95%
Views
32
Current Estimated Value
$52,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,270
Avg. Annual Appreciation
1.81%

Purchase Details

Listed on
Oct 11, 2016
Closed on
Oct 21, 2016
Sold by
Chicago Title Land Trust
Bought by
Pbjm Squared Llc
Seller's Agent
Philip Howell
RE/MAX Top Properties
Buyer's Agent
Steve Barr
Advantage Realty, Inc
List Price
$40,000
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.83%

Purchase Details

Listed on
Jan 13, 2012
Closed on
Apr 6, 2012
Bought by
Chicago Title Land Trust Company and Trust No 8002358922
Seller's Agent
Joan Eslinger
Advantage Realty, Inc.
Buyer's Agent
Richard Olson
Olson & Assoc Inc
List Price
$35,000
Sold Price
$17,304
Premium/Discount to List
-$17,696
-50.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.17%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Dig This Llc $48,000 None Listed On Document
Pbjm Squared Llc $40,000 Chicago Title
Chicago Title Land Trust Company -- Chicago Title Insurance
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $49,000 -16.9% --
12/13/2023 12/13/23 Pending -- -- --
11/20/2023 11/20/23 For Sale $59,000 +47.5% --
10/28/2016 10/28/16 Sold $40,000 0.0% --
10/11/2016 10/11/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $40,000 +131.2% --
04/06/2012 04/06/12 Sold $17,304 -50.6% --
02/09/2012 02/09/12 Pending -- -- --
01/13/2012 01/13/12 For Sale $35,000 -- --
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 $1,887 $24,105 $24,105 $0
2023 $1,777 $22,702 $22,702 $0
2022 $1,639 $20,939 $20,939 $0
2021 $1,572 $19,802 $19,802 $0
2020 $1,554 $19,296 $19,296 $0
2019 $1,465 $18,290 $18,290 $0
2018 $1,442 $17,935 $17,935 $0
2017 $1,357 $16,992 $16,992 $0
2016 $1,344 $16,859 $16,859 $0
2015 $647 $16,184 $16,184 $0
2014 $614 $15,762 $15,762 $0
2013 -- $16,390 $16,390 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11934229

Midwest Real Estate Data (MRED)

APN: 05-04-478-006