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502 Fairway Dr

Morrison, IL 61270

2 bd 2 ba 1,318 sqft Built 1970 single_family
Most recent sale
$163,500
Jul 15, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 15, 2022 Sold $163,500 MLS #11427984
Jun 8, 2022 Listed $157,500 MLS #11427984
Nov 6, 2013 Sold $79,500 MLS #08252463
Oct 22, 2013 Listing removed $84,900 SaukValley
Jul 13, 2013 Price changed $84,900 MLS #08252463
May 21, 2013 Price changed $89,900 MLS #08252463
Jan 18, 2013 Listed $94,900 MLS #08252463

Tax assessment history

YearBuildingLandTotal assessedTax paid
2024 $38,625 $3,348 $41,973 $2,614
2023 $31,594 $3,048 $34,642 $2,392
2022 $29,341 $2,831 $32,172 $2,211
2021 $28,732 $2,772 $31,504 $2,143
2020 $29,277 $2,825 $32,102 $2,193
2019 $28,222 $1,974 $30,196 $1,898
2018 $28,096 $1,965 $30,061 $1,969
2017 $26,989 $1,888 $28,877 $1,808
2016 $26,031 $1,821 $27,852 $1,719
2015 $24,714 $1,828 $26,542 $1,785
2014 $24,655 $1,845 $26,500 $2,323
2013 $33,912 $1,866 $35,778 $3,122
2012 $33,994 $1,870 $35,864 $2,248
2011 $34,766 $1,912 $36,678 $2,330
2010 $34,665 $1,906 $36,571 $2,317
2009 $34,086 $1,874 $35,960 $2,144
2008 $32,315 $1,777 $34,092 $2,186
2006 $31,377 $1,725 $33,102 $2,141

Property facts

Year built
1970
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
1,318 sqft
Lot size
ZIP code
61270
City
Morrison
Street
Fairway Dr
Coordinates
41.80769, -89.97761

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$981
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 502 Fairway Dr last sell?
502 Fairway Dr most recently sold on Jul 15, 2022 for $163,500.
What is the current tax assessment for 502 Fairway Dr?
The most recent total assessment for 502 Fairway Dr (year 2024) is $41,973 with $2,614 in property tax.
How does 502 Fairway Dr's assessment compare to its last sale price?
The current assessment is 74.3% below the last sale price of $163,500.
When was 502 Fairway Dr built?
502 Fairway Dr was built in 1970.
How does 502 Fairway Dr compare to others on Fairway Dr?
We track 1 other property on Fairway Dr. Browse the list under "Other properties on Fairway Dr" to compare beds, baths, and sale history.
What are the property facts for 502 Fairway Dr?
502 Fairway Dr is a 2 bed, 2 bath, 1,318 sqft single_family.
Is 502 Fairway Dr a flip candidate?
No — 502 Fairway Dr does not appear in our flips dataset.
Is 502 Fairway Dr a tax-appeal candidate?
No — 502 Fairway Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-4.9%
Implied 1-yr
-19.5%
2026 Q3
$142.5K
2026 Q4
$142.5K
ZIP 61270 — Median Price History + Forecast

Explore nearby

Other properties on Fairway Dr