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Preston Heights 60433
102 Redbud Drive
$248,000
● House - Off Market

102 Redbud Drive

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,628 Ft²
$1,534
Est. Monthly
11.05%
Cap Rate

About This Property

Welcome to this charming 3-bedroom, 1.5-bathroom home is nestled in the highly sought-after Hawthorn Hills neighborhood of Preston Heights' Sugar Creek. The split level home features a spacious living room that flows into a formal dining area. A cozy family room provides additional living space that leads to a concrete patio and a large fenced-in backyard. The second level offers three generously sized bedrooms and a full bathroom. Full unfinished basement, offering endless potential for storage or future expansion, plus a two-car garage.
Unit Size
1,628 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$138
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 396
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,614
  • Total Building Area: 2,024
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAWTHORNE HILLS
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE W 21.03 FT OF LOT 103, THE E 76.97 FT OF LOT 104, IN HAWTHORNE HILLS, BEING A SUB OF THE W1/2 OF THE SW1/4 OF SEC 22, T3

Neighborhood

  • School District Name: Laraway Community Consolidated School District 70C
  • Census Tract: 883100

Geography

  • Parcel: 30-07-22-308-002
  • Lot: 103
  • Meridian: SEC 22 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.496
  • Longitude: -88.0798

    Address

  • Full Address: 102 Redbud Dr
  • Address - House Number: 102
  • Address - Street Name: Redbud
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C042
  • 4-Digit Zip Code: 2927
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $483,382
  • Tax Rate Code Area: 3041

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 227,684
  • High Value: 267,060
  • Low Value: 188,308

    Market Valuation

  • Market Total Value: $190,218
  • Market Land Value: $32,757
  • Market Improvement Value: $157,461

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,406
  • Assessed Land Value: $10,919
  • Assessed Improvements Value: $52,487

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 12, 2016
  • Current Sale Recording Date: Sep 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2016076545
  • Previous Sale Recording Date: Apr 20, 2016
  • Previous Sale Contract Date: Mar 31, 2016
  • Previous Sale Document Type: 30

    Financing

  • First Mortgage Financing Type: UNK
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 Preston Heights

Stats & Trends

Median Asking:

$220,000

Sale Price/ft²

$188

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2097 ft²

Average Home Age

56.8 years

Currently For Sale

6 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 803 1st Avenue, Joliet, IL, 60433

$2,500 /mo

  • 4 Beds
  • 1 Bath
  • 2,240 ft²
803 1st Avenue, Joliet, IL, 60433 Listing by Ilir Mekolli

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Leticia Cruz, Re/Max In The Village
Data Source: MRED, MLS# MRD12308757
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 102 Redbud Drive built and last sold?
The property at 102 Redbud Drive was built in 1963 and last sold on Sep 12, 2016 for $113,500.
How much is this home worth?
The estimated value of the home located at 102 Redbud Drive is $231,099.
What are some comparable homes to 102 Redbud Drive?
There are currently no comparable homes to 102 Redbud Drive.
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