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Joliet 60431 Cambridge
1014 Loren Drive
$375,000
● House - Off Market

1014 Loren Drive

Joliet, IL 60431
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,110 Ft²
$2,541
Est. Monthly
6.08%
Cap Rate

About This Property

Spectacular home in Cambridge. This property has been completely renovated from top to bottom all permitted through the City of Joliet. Freshly painted and brand new carpet. Gleaming LVP flooring throughout the main level. Brand new kitchen area complete with granite counter tops, new sink, faucet appliances and white cabinetry. All new electrical fixtures. Brand new windows and sliding patio door. All new bathrooms featuring new vanities, flooring, plumbing, faucets, vanity tops, tubs and tub surrounds. White trim and doors. Newer furnace and AC unit. Vaulted ceilings, new skylight and fireplace in the bonus room. Front porch. Fully fenced, with a beautiful, new stamped concrete patio in the back yard. 2 Car attached garage.  There is nothing to do but move in!!
Unit Size
3,110 Ft²
Days on Market
-
Land Size
-
Price per sqft
$121
Property Type
House
Property Taxes
$699
HOA Dues
-
Year Built
1989

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,130
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,100
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,110
  • Building Area: 3,110
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,110
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMBRIDGE UNIT 2
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 14 IN CAMBRIDGE SUB UNIT 2, BEING A SUB OF PRT OF THE NE1/4 OF SEC 23, T35N-R9E.

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883211

Geography

  • Parcel: 05-06-23-202-134
  • Lot: 14
  • Meridian: SEC 23 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5034
  • Longitude: -88.167

    Address

  • Full Address: 1014 Loren Dr
  • Legal Unit: 2
  • Address - House Number: 1014
  • Address - Street Name: Loren
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R008
  • 4-Digit Zip Code: 9093
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $761,354
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 350,437
  • High Value: 405,571
  • Low Value: 295,303

    Market Valuation

  • Market Total Value: $246,090
  • Market Land Value: $35,574
  • Market Improvement Value: $210,516

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,030
  • Assessed Land Value: $11,858
  • Assessed Improvements Value: $70,172

    Sales

  • Current Sale Contract Date: Mar 23, 2023
  • Current Sale Recording Date: Apr 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 16758
  • Previous Sale Recording Date: Aug 09, 2021
  • Previous Sale Contract Date: Jun 21, 2021
  • Previous Sale Document Type: 64
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 Cambridge

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$196

Below Asking

0.02%

Average Days on Market

42

Average Home Size

1605 ft²

Average Home Age

41 years

Currently For Sale

3 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 1227 Rock Run Crossings Drive, Joliet, IL, 60431

$2,437 /mo

  • 2 Beds
  • 2 Baths
  • 1,193 ft²
1227 Rock Run Crossings Drive #107, Joliet, IL, 60431 Listing by Tabren Smith
Unit for rent at 1217 Rock Run Crossings Drive, Joliet, IL, 60431

$2,225 /mo

  • 2 Beds
  • 2 Baths
  • 1,193 ft²
1217 Rock Run Crossings Drive #303, Joliet, IL, 60431 Listing by Tabren Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Maria Del Carmen Cedano, Spring Realty
Data Source: MRED, MLS# MRD12327995
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 1014 Loren Drive built and last sold?
The property at 1014 Loren Drive was built in 1989 and last sold on Mar 23, 2023 for $339,000.
How much is this home worth?
The estimated value of the home located at 1014 Loren Drive is $392,609.
What are some comparable homes to 1014 Loren Drive?
There are currently no comparable homes to 1014 Loren Drive.
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