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Joliet 60432
1003 Arthur Avenue
$238,000
● House - Off Market

1003 Arthur Avenue

Joliet, IL 60432
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$1,441
Est. Monthly
12.09%
Cap Rate

About This Property

**Multiple offers received. Calling for H&B by 10/15 at 9pm.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
-
Price per sqft
$180
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (MRED MLS #12187066)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Oct 17, 2024 In contract -
In contract
Oct 12, 2024 Listed by Century 21 Circle $224,500
Listed by Century 21 Circle

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 7
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,100
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,648
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKVILLE SUB
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 68 69 IN OAKVILLE SUB, BEING A SUB OF PRT OF THE SW1/4 OF SEC 2, T35N-R10E. NEW PARCEL

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881201

Geography

  • Parcel: 30-07-02-306-077
  • Lot: 68
  • Meridian: SEC 02 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5434
  • Longitude: -88.0589

    Address

  • Full Address: 1003 Arthur Ave
  • Address - House Number: 1003
  • Address - Street Name: Arthur
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C051
  • 4-Digit Zip Code: 1325
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $391,708
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 179,985
  • High Value: 205,538
  • Low Value: 154,433

    Market Valuation

  • Market Total Value: $145,245
  • Market Land Value: $12,597
  • Market Improvement Value: $132,648

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,415
  • Assessed Land Value: $4,199
  • Assessed Improvements Value: $44,216

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 13, 2006
  • Current Sale Recording Date: Apr 12, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2006060963

    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 Joliet

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1889 ft²

Average Home Age

41.3 years

Currently For Sale

274 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

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MRED

Listed by: Cynthia Chavez, Century 21 Circle
Last Updated: 2 years ago
Data Source: MRED, MLS# 12187066
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 1003 Arthur Avenue built and last sold?
The property at 1003 Arthur Avenue was built in 2005 and last sold on Jan 13, 2006 for $153,500.
How much is this home worth?
The estimated value of the home located at 1003 Arthur Avenue is $0.
What are some comparable homes to 1003 Arthur Avenue?
There are currently no comparable homes to 1003 Arthur Avenue.
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