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Joliet 60435 Cathedral Area
1002 Buell Avenue
$250,000
● House - Off Market

1002 Buell Avenue

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,671 Ft²
$280,810
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

This 1948 ranch is perfectly placed on an incredible block in Joliet's historical cathedral area. Residents enjoy spacious lots and the old-world charm of vintage street lamps and mature trees. The home is a 3 bed, 2 bath, open layout with wood burning fireplace and ideal entertaining possibilities. Heated hardwood flooring throughout, 2.5-car tandem garage, Main bedroom has a Mediterranean style outdoor entry to back courtyard and in-ground pool. The talking points are everywhere. Move right in and bring your ideas -home is sure to deliver. Property is being sold as-is.
Unit Size
1,671 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$144
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1949

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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.

Last updated: 3 years ago (MRED MLS #11082183)

Price History

Date / Event Date Event Price
Jun 28, 2021 Sold
Premium
Sold
May 20, 2021 Listed by eXp Realty, LLC $240,000
Listed by eXp Realty, LLC

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 700
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,164
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,220
  • Building Area: 1,520
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,520
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FORDS SUBDIVISON
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE W 70 FT OF LOT 2 (EX THE N 395 FT THROF ALSO EX THE S 215 FT THROF) IN FORDS SUB, IN THE W1/2 OF THE SE1/4 OF SEC. 8, T3

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882701

Geography

  • Parcel: 30-07-08-405-008
  • Lot: 2
  • Meridian: SEC 08 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.529
  • Longitude: -88.1061

    Address

  • Full Address: 1002 Buell Ave
  • Address - House Number: 1002
  • Address - Street Name: Buell
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C044
  • 4-Digit Zip Code: 6940
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $650,142
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 281,896
  • High Value: 325,751
  • Low Value: 238,041

    Market Valuation

  • Market Total Value: $229,197
  • Market Land Value: $56,448
  • Market Improvement Value: $172,749

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,399
  • Assessed Land Value: $18,816
  • Assessed Improvements Value: $57,583

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 28, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021079114
  • Previous Sale Recording Date: Oct 10, 2019
  • Previous Sale Contract Date: Sep 25, 2019
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 55

    Financing

  • First Mortgage Financing Type: FIX
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 Cathedral Area

Stats & Trends

Median Asking:

$297,000

Sale Price/ft²

$183

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1653 ft²

Average Home Age

110.5 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

Unit for rent at 1712 Arden Place, Joliet, IL, 60435

$2,795 /mo

  • 4 Beds
  • 2 Baths
  • 2,240 ft²
1712 Arden Place, Joliet, IL, 60435 Listing by Joseph Diaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lindsey Hazdra, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11082183
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 1002 Buell Avenue built and last sold?
The property at 1002 Buell Avenue was built in 1949 and last sold on Jun 28, 2021 for $250,000.
How much is this home worth?
The estimated value of the home located at 1002 Buell Avenue is $242,117.
What are some comparable homes to 1002 Buell Avenue?
There are currently no comparable homes to 1002 Buell Avenue.
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